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  • #1,161
  • Dec 19, 2024 12:12pm Dec 19, 2024 12:12pm
I took this long position.
Attached Image (click to enlarge)
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  • #1,162
  • Dec 19, 2024 12:14pm Dec 19, 2024 12:14pm
For those interested by swing trades. price is at value area to go up to 22000.
  • #1,163
  • Edited 1:32pm Dec 19, 2024 12:59pm | Edited 1:32pm
Quoting Fadhl
I took this long position. {image}
TP1 hit with 90 points. STP=BE.
Edit:
Stopped at BE!
  • #1,164
  • Dec 19, 2024 3:34pm Dec 19, 2024 3:34pm
End of day analysis!
Attached Image (click to enlarge)
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Almost the same chart from yesterday! Nothing really to update...
Market was undecided which direction to go. Every attempt to rebound was sold out. We got a red daily candle that is inside yesterday candle. It feels like price is going to 61.8 fib before returning up to 22000. Tomorrow is the end of week. We need a bearish close at weekly TF but not a bold one; so a close around 21200 is expected in my view. GL!
  • #1,165
  • Dec 20, 2024 7:03am Dec 20, 2024 7:03am
Quoting Fadhl
End of day analysis! {image} Almost the same chart from yesterday! Nothing really to update... Market was undecided which direction to go. Every attempt to rebound was sold out. We got a red daily candle that is inside yesterday candle. It feels like price is going to 61.8 fib before returning up to 22000. Tomorrow is the end of week. We need a bearish close at weekly TF but not a bold one; so a close around 21200 is expected in my view. GL!
Good day!
Price finally completed the sell move and reached 61.8 fib which is a strong value area for a bounce up.
I got in with a position and I'll add after NY opening range if we get a breakout.
Attached Image (click to enlarge)
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  • #1,166
  • Dec 20, 2024 7:26am Dec 20, 2024 7:26am
Core PCE data is coming. How to read it:
1- Inline or undershoot: Equities up
2- Overshoot: Equities down.
  • #1,167
  • Dec 20, 2024 7:32am Dec 20, 2024 7:32am
Quoting Fadhl
Core PCE data is coming. How to read it: 1- Inline or undershoot: Equities up 2- Overshoot: Equities down.
We will have a green candle today. 21200-21300 should be the max for today and week close.
  • #1,168
  • Edited 8:58am Dec 20, 2024 8:47am | Edited 8:58am
Quoting Fadhl
{quote} We will have a green candle today. 21200-21300 should be the max for today and week close.
Here is my intraday planned Buy entry
Attached Image (click to enlarge)
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Edit:
I got in after the green candle in 5min TF. So my R:R is now 3.3.
  • #1,169
  • Dec 20, 2024 9:16am Dec 20, 2024 9:16am
Quoting Fadhl
{quote} Here is my intraday planned Buy entry {image} Edit: I got in after the green candle in 5min TF. So my R:R is now 3.3.
Banked TP1 with 100 points.
Moved STP to BE.
  • #1,170
  • Dec 20, 2024 9:32am Dec 20, 2024 9:32am
Quoting Fadhl
{quote} Banked TP1 with 100 points. Moved STP to BE.
Done with NQ and closed all positions
Attached Image (click to enlarge)
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  • #1,171
  • Dec 20, 2024 9:35am Dec 20, 2024 9:35am
Quoting Fadhl
{quote} Good day! Price finally completed the sell move and reached 61.8 fib which is a strong value area for a bounce up. I got in with a position and I'll add after NY opening range if we get a breakout. {image}
Let see how the week will close! Price is now at 21230-21300!
So far NQ is behaving as expected. 22000 is for the next week. Today's high is reached in my view.
  • #1,172
  • Dec 20, 2024 11:15am Dec 20, 2024 11:15am
Expected move for this afternoon, but I won't take it. I'm done
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  • #1,173
  • Dec 20, 2024 2:59pm Dec 20, 2024 2:59pm
Quoting Fadhl
Expected move for this afternoon, but I won't take it. I'm done {image}
You were right !! How did you know :-)
  • #1,174
  • Dec 20, 2024 4:08pm Dec 20, 2024 4:08pm
Quoting Fadhl
Expected move for this afternoon, but I won't take it. I'm done {image}
For the record
Surprise surprise
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  • #1,175
  • Dec 20, 2024 4:11pm Dec 20, 2024 4:11pm
Quoting BikB
{quote} You were right !! How did you know :-)
From yesterday "End of day analysis":
"Almost the same chart from yesterday! Nothing really to update...
Market was undecided which direction to go. Every attempt to rebound was sold out. We got a red daily candle that is inside yesterday candle. It feels like price is going to 61.8 fib before returning up to 22000. Tomorrow is the end of week. We need a bearish close at weekly TF but not a bold one; so a close around 21200 is expected in my view. GL!"
  • #1,176
  • Dec 22, 2024 5:15pm Dec 22, 2024 5:15pm
Upcoming week analysis and 2025 Outlook!
2025 Outlook:
TA Analysis: Yearly/Semi-year/Quarterly TA
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As you can see in the Yearly/6Months/Quarterly Charts, NQ is closing very bullish. A continuation up is expected with a target of +/-26000 based on ABCD pattern.
TA Monthly Analysis:
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The Monthly candle should also close above 21232 to be bullish; otherwise it will be very bearish. I expect the close to be around 21284.
FA Analysis:
1- Trump will be in the Office with many billionaires around him; they will most likely ensure that stocks continue up with various incentives; hence equities will continue up;
2- Trump will impose tariffs and reduce taxes on corporations; this will boost US stocks up; hence US equities up;
3- US economy is very strong in comparison to the rest of the world and I expect to stay strong during 2025; this will stop rate cuts. I don't expect additional rate cuts during 2025; this is negative stocks and equities as no free money will be available from the FED;
4- Tariffs with strong economy might boost inflation up; this might increase rates which I doubt it at least until the fall 2025 or early 2026. This is bad for stocks and equities.
5- Risk of war: we should see the end of the Ukrainian-Russian war during Q1-Q2 2025; this is good for stocks and equities. However the Middle-East might extend the war to other countries; this is bad for stocks and equities.
Upcoming TA Weekly Analysis:
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The last week of the year with a short trading days and very limited liquidity. Large movements, up and down around the opening sessions are expected.
Last week closed bearish but with large wicks. I expect an inside upcoming weekly candle with a retest of the upper TL (+/-22000) and a close above 21232 and around 21284
TA Daily Analysis:
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  • #1,177
  • Dec 23, 2024 8:53am Dec 23, 2024 8:53am
Good day!
My planned Buy entry
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  • #1,178
  • Dec 23, 2024 9:16am Dec 23, 2024 9:16am
Quoting Fadhl
Good day! My planned Buy entry {image}
I got in after the close of the 5min green candle
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  • #1,179
  • Dec 23, 2024 10:46am Dec 23, 2024 10:46am
Quoting Fadhl
{quote} I got in after the close of the 5min green candle {image}
TP1 hit and STP moved to BE.
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  • #1,180
  • Dec 23, 2024 2:13pm Dec 23, 2024 2:13pm
And closed my last position with another 120 points.
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