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  • #1,861
  • Apr 23, 2025 4:25am Apr 23, 2025 4:25am
New in the thread, you guys are amazing, I'm glad to be here. I trade the Dow, whitch is correlated to NQ, I'm good at analysing the market but
One thing I struggle with when it's time to take a trade, is the direction of the market. Everytime I find myself in the wrong direction, choosing the wrong fvg. Can someone help me on how to be good as you are at knowing the good bias on the market ?
Thanks guys
  • #1,862
  • Apr 23, 2025 5:56am Apr 23, 2025 5:56am
Quoting Anddmitt
New in the thread, you guys are amazing, I'm glad to be here. I trade the Dow, whitch is correlated to NQ, I'm good at analysing the market but One thing I struggle with when it's time to take a trade, is the direction of the market. Everytime I find myself in the wrong direction, choosing the wrong fvg. Can someone help me on how to be good as you are at knowing the good bias on the market ? Thanks guys
This week until now was a pretty perfect fvg Week. Really strong fvg's are the ones that break a trend line or continue the trend. If you are looking for good fvg's i'd recomed until friday to watch for fvg's that break or continue a trend. But thats for Nasdaq, i rarely trade dow.
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  • #1,863
  • Apr 23, 2025 6:19am Apr 23, 2025 6:19am
Quoting Fadhl
NQ is going up to complete the Impulsive swing. Tomorrow's data needs to be inline.
Good day!
NQ broke out the upper TL which confirms the direction: UP.
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  • #1,864
  • Apr 23, 2025 6:22am Apr 23, 2025 6:22am
Quoting Anddmitt
New in the thread, you guys are amazing, I'm glad to be here. I trade the Dow, whitch is correlated to NQ, I'm good at analysing the market but One thing I struggle with when it's time to take a trade, is the direction of the market. Everytime I find myself in the wrong direction, choosing the wrong fvg. Can someone help me on how to be good as you are at knowing the good bias on the market ? Thanks guys
You're welcome
Read the first post if you want to understand and follow the strategy I use for intraday positions.
  • #1,865
  • Apr 23, 2025 6:29am Apr 23, 2025 6:29am
Expected move if today's data is inline.
An undershoot data might send the price to retest for the second time the upper TL.
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  • #1,866
  • Apr 23, 2025 7:16am Apr 23, 2025 7:16am
Quoting Anddmitt
New in the thread, you guys are amazing, I'm glad to be here. I trade the Dow, whitch is correlated to NQ, I'm good at analysing the market but One thing I struggle with when it's time to take a trade, is the direction of the market. Everytime I find myself in the wrong direction, choosing the wrong fvg. Can someone help me on how to be good as you are at knowing the good bias on the market ? Thanks guys
I also recommend keeping an eye on https://www.financialjuice.com. They are relatively quick on breaking news, that can move the NQ dramatically.
https://www.investopedia.com is also a great place if you want to familiarize yourself with fundamentals.
  • #1,867
  • Apr 23, 2025 8:14am Apr 23, 2025 8:14am
Quoting LoneTrader1
Just watching... There is a gap above and a level down {image}
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  • #1,868
  • Apr 23, 2025 8:27am Apr 23, 2025 8:27am
Here is my planned entry.
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  • #1,869
  • Apr 23, 2025 8:28am Apr 23, 2025 8:28am
Quoting LoneTrader1
{quote} {image}
Now if it targets the upper line next, distance from the gap mid blue line would be about 1000 points
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  • #1,870
  • Apr 23, 2025 9:06am Apr 23, 2025 9:06am
Quoting Fadhl
Here is my planned entry. {image}
I got in after the breakout and retest of the 5min opening range with a small position as I still think price will go to my initial planned entry.
  • #1,871
  • Apr 23, 2025 9:28am Apr 23, 2025 9:28am
but the price didnt go to 871. Where was your entry?
  • #1,872
  • Apr 23, 2025 9:35am Apr 23, 2025 9:35am
Well, I'm fairly bullish again. I'm expecting this scenario. The gap might be left unfilled for a long time to come.

Daily chart

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  • #1,873
  • Apr 23, 2025 10:06am Apr 23, 2025 10:06am
Quoting saikatunb
but the price didnt go to 871. Where was your entry?
Sorry I was in a meeting. My entry was at the retest of the opening range.
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  • #1,874
  • Apr 23, 2025 10:49am Apr 23, 2025 10:49am
All momentum killed with one comment... again. So annoying.
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Still expecting scenario 1, but it might get ultra bumpy with this back and forth.
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  • #1,875
  • Apr 23, 2025 10:51am Apr 23, 2025 10:51am
Price is close to my entry level. few points away.
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  • #1,876
  • Apr 23, 2025 10:54am Apr 23, 2025 10:54am
Quoting Fadhl
Price is close to my entry level. few points away.{image}
You still plan to go long? Even after announcement that China tariff complete deal may take 2-3 years.
  • #1,877
  • Apr 23, 2025 10:55am Apr 23, 2025 10:55am
Quoting Fadhl
Price is close to my entry level. few points away.{image}
I jumped in at 690 level.
  • #1,878
  • Apr 23, 2025 11:06am Apr 23, 2025 11:06am
Quoting BikB
{quote} You still plan to go long? Even after announcement that China tariff complete deal may take 2-3 years.
That's long term stuff. I think what matters most (for now) is that they are showing willingness to make a deal and that they start talking, eventually.
But no doubt tariffs will have an impact and we will likely see it in later numbers.
  • #1,879
  • Apr 23, 2025 11:21am Apr 23, 2025 11:21am
Quoting LoneTrader1
{quote} Now if it targets the upper line next, distance from the gap mid blue line would be about 1000 points {image}
Upper gap filled, now it's below gap level and trendline... It's a short
  • #1,880
  • Apr 23, 2025 11:26am Apr 23, 2025 11:26am
Quoting BikB
{quote} You still plan to go long? Even after announcement that China tariff complete deal may take 2-3 years.
I did already.
Sometimes or many times the news coincide will TA analysis. STP is in place.
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