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  • #901
  • Nov 6, 2024 1:18pm Nov 6, 2024 1:18pm
Quoting Fadhl
{quote} I joined you. {image}
I joined as well
  • #902
  • Nov 6, 2024 1:23pm Nov 6, 2024 1:23pm
Quoting PeBe
{quote} I joined as well
Hope it goes toward our direction
  • #903
  • Nov 6, 2024 2:10pm Nov 6, 2024 2:10pm
Quoting Fadhl
{quote} I joined you. {image}
STOPPED
  • #904
  • Nov 6, 2024 5:09pm Nov 6, 2024 5:09pm
End of day analysis!
As soon as uncertainty and risk from US elections were erased, equities, as expected, moved up and created a new ATH.
NQ (spot, non futures) that was lagging behind, finally made a new ATH and provide a full green candle.
I was expecting a trap at NY session, but it didn't happen and price moved up. If we didn't got the ATH and only an extension, it would be a great indication that the move up will continue.
Tomorrow, we have the FED with a new cut.
A continuation up should be the case, but today's ATH might tell otherwise. Tomorrow's close will be very important.
Attached Image (click to enlarge)
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  • #905
  • Nov 6, 2024 5:16pm Nov 6, 2024 5:16pm
Quoting Fadhl
End of day analysis! As soon as uncertainty and risk from US elections were erased, equities, as expected, moved up and created a new ATH. NQ (spot, non futures) that was lagging behind, finally made a new ATH and provide a full green candle. I was expecting a trap at NY session, but it didn't happen and price moved up. If we didn't got the ATH and only an extension, it would be a great indication that the move up will continue. Tomorrow, we have the FED with a new cut. A continuation up should be the case, but today's ATH might tell otherwise....
It wont coming back to where the monthly candle start.
W8 for correction and then see for buy opertunity with proper setup.
It will coming back a little today but after the correction tooking long.
  • #906
  • Nov 6, 2024 8:53pm Nov 6, 2024 8:53pm
Quoting dummytt
{quote} I am aware of uncertainties in US election, but footage of uptrend? {image}
It seems this worked without any correction.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241107_054929_TradingView.jpg Size: 461 KB
My posts are for educational purpose only.
  • #907
  • Nov 6, 2024 8:57pm Nov 6, 2024 8:57pm
Quoting 07Jack
Last week similar harmonic pattern gives me lot of money. I hope it will play again. Very tight SL. Trade safe guys. {image}
It looks like it might be good to wait for a few closed candle below the hull MA to go sell, and vice versa for buy.
My posts are for educational purpose only.
  • #908
  • Nov 6, 2024 10:53pm Nov 6, 2024 10:53pm
A new idea
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100USD_2024-11-07_07-50-51.png Size: 49 KB
My posts are for educational purpose only.
  • #909
  • Nov 7, 2024 7:44am Nov 7, 2024 7:44am
Good day!
Nothing to update since yesterday...GL!
  • #910
  • Nov 7, 2024 8:42am Nov 7, 2024 8:42am
Very strong bullish opening range!
If I get the retest of the 5min breakout very soon, I will buy. If not, I will wait until the FED Conference. GL!
  • #911
  • Nov 7, 2024 9:01am Nov 7, 2024 9:01am
Quoting Fadhl
Very strong bullish opening range! If I get the retest of the 5min breakout very soon, I will buy. If not, I will wait until the FED Conference. GL!
The retest was missed by 3 points!
Will wait for the FED. See you later...
  • #912
  • Nov 7, 2024 12:27pm Nov 7, 2024 12:27pm
Ahead of FOMC, two scenarios might be in play:
1- Zigzag up and down: this means confirmation of an acceptable economy status (no recession and inflation under control); No further cuts in ST (2024); so buyers need a value area to buy; hence a retrace down then up;
2- Down: economy is not doing well and inflation is back. Further cuts... This scenario is unlikely.
  • #913
  • Nov 7, 2024 2:17pm Nov 7, 2024 2:17pm
Quoting Fadhl
Ahead of FOMC, two scenarios might be in play: 1- Zigzag up and down: this means confirmation of an acceptable economy status (no recession and inflation under control); No further cuts in ST (2024); so buyers need a value area to buy; hence a retrace down then up; 2- Down: economy is not doing well and inflation is back. Further cuts... This scenario is unlikely.
Scenario 1 is in play.
  • #914
  • Nov 7, 2024 3:36pm Nov 7, 2024 3:36pm
End of day analysis!
From FA perspective:
1- FED confirmed the good status of US economy: Employment at the right level and Inflation is under control to meet the 2% in the LT; but FED recognizes that hiccups (inflation) might and already happened.
2- Risk is completely faded out after US elections.
So all seem good news for stocks and equities.

From TA perspective, NQ provided another strong bullish day.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-11-07_16-24-55.png Size: 35 KB


As I mentioned, a zigzag should happen to provide a better value for buyers. Hence, today or tomorrow could be the end of this move up; it's very expensive to long at the current level. NQ should/must retrace...
  • #915
  • Nov 7, 2024 10:51pm Nov 7, 2024 10:51pm
Quoting Fadhl
End of day analysis! From FA perspective: 1- FED confirmed the good status of US economy: Employment at the right level and Inflation is under control to meet the 2% in the LT; but FED recognizes that hiccups (inflation) might and already happened. 2- Risk is completely faded out after US elections. So all seem good news for stocks and equities. From TA perspective, NQ provided another strong bullish day. {image} As I mentioned, a zigzag should happen to provide a better value for buyers. Hence, today or tomorrow could be the end of this move up;...
I agree. Already extended to % 161.8 fibo level. Possible retracement levels are on the chart.
Attached Image (click to enlarge)
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My posts are for educational purpose only.
  • #916
  • Nov 8, 2024 4:43am Nov 8, 2024 4:43am
Quoting dummytt
{quote} I agree. Already extended to % 161.8 fibo level. Possible retracement levels are on the chart. {image}
first level reached...
Attached Image (click to enlarge)
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My posts are for educational purpose only.
  • #917
  • Edited 7:45am Nov 8, 2024 7:28am | Edited 7:45am
Quoting Fadhl
End of day analysis! From FA perspective: 1- FED confirmed the good status of US economy: Employment at the right level and Inflation is under control to meet the 2% in the LT; but FED recognizes that hiccups (inflation) might and already happened. 2- Risk is completely faded out after US elections. So all seem good news for stocks and equities. From TA perspective, NQ provided another strong bullish day. {image} As I mentioned, a zigzag should happen to provide a better value for buyers. Hence, today or tomorrow could be the end of this move...
Good day!
In order to get a real retrace, we need buyers to take profit. If this happens today, price will go fast down and weekly close will be around 20500.
Europe opening session gave a sign of it. NY with Monday holiday (this coming), might give the greenlight.
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  • #918
  • Nov 8, 2024 8:28am Nov 8, 2024 8:28am
I'm going to take the risk and put a Sell Lmt order.
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  • #919
  • Nov 8, 2024 8:53am Nov 8, 2024 8:53am
We have Consumer confidence in a few... Let see if we can get movers and shakers...
  • #920
  • Nov 8, 2024 9:39am Nov 8, 2024 9:39am
Quoting Fadhl
I'm going to take the risk and put a Sell Lmt order. {image}
I changed my plan and I put a Sell Stop at 21050 with STP 50 points.
I've to go. GL and see you later!
Attached Image (click to enlarge)
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