Nasdaq-Simple Intraday Strategy

I changed my entry level and I just got in.

Hello, I'm Santiago from Puerto Rico, a newbie here.
There are any indicator or EA that you can suggest to use to get signals from?

Thanks for your help
Santiago

NQ is making LL-HH in the 5min TF. If you're not in yet, it's better that you wait for LH to go short or HL to go long.

Now price made LL...

TP1 hit.
STP at BE

And all done nicely

Sorry Santiago! I just saw your post.
I don't have any EA.
This said, my advice is at least learn the basics to be able to choose and compare between all offers. There are many scammers in the EA area. GL!

Here the move for next week:

Santiago,
Did anybody give you a strategy, etc..?
it's best to develop your own trading system—understand the market, test strategies, and adjust them to fit your style.
Ready-made indicators or EAs can help at the beginning, but they won't replace your own analysis and experience.

Have a great weekend Everyone!
See you next week with the Monthly/weekly analysis.

Upcoming Monthly/Weekly Analysis!
FA Analysis:
1- Recent macro-economic data were good. But they do not reflect the Tariffs impacts.
2- All expected data (i.e., inflation, consumer sentiment) were inline with the projected tariff impacts.
3- Uncertainty is in the driver seat as long as Trump flip flop with his tariffs.
4- The 90-day tariff pause ends by July 4th!!! Surprise...surprise... the liberation day! Definitely, Trump will announce the 2nd Liberation day!
5- From this week and moving forward, data will reflect tariffs impacts.
6- This week, we have many relevant data and probably many Trump tweets.

=) All the above has structural negative impacts on US economy; hence negative impacts on US Stocks and equities.
TA Analysis:
Monthly TF:
NQ monthly close was bullish. From this TF, we should expect a continuation up seeking a new ATH. But I strongly doubt it. The Monthly close was below 21457. If price will be unable to close at least above this level, price should revisit 17236.
In this thread, we do not trade Monthly TF, but it gives us a macro perspective.
Weekly TF:

The weekly close was bearish, even with a green candle. From this TF, we should expect a south move.
In my view, Wave 3 has started last week.
Daily TF:


The chart shows all levels of Wave 3 into 5 mini-waves. The target of this mini-wave 3.1 is the low of May (19594).
Price already broke TL and closed below it. Price from now on it should continue south/down.
Price must close inside the tariff on & off candle (yellow box).
(Note: The chart shows only three waves of 3.1 representing the Initial move, retrace move and impulsive move. But every single move/wave should have 5 waves. I do not represent them to avoid making the chart complex which it's already!).
Hourly TF:

Price might complete the retrace up to 21468-21590. Then resume the down movement as per the chart.
Data will give the ebb and flow to be inline with TA analysis.

That's all for this week/month.
Wish you GL and plenty of green trades.

Good day!
Looking for 21460 to go short. US data might give a hand.
Happy week Everyone!

Very strong bullish opening range!
Price so far is behaving as expected.

US data came very bad... the beginning of tariff`s impact!
But as mentioned last week that bad macro-economic data is good for ST equities...bad data will make pressure on the FED to print free money and cut rates.

Nothing to do here...
1- price is within the 5min opening range;
2- Trump tweets favor sellers;
3- Data came undershoot favors buyers.

As you see, no opportunity to either direction. If anything happen, I'll update.

Price reached my level!
It's too late to look for an entry. But the retrace of the retrace should be completed. Asia or European session might provide a sell entry. I'll wait until NY session tomorrow.


Have a good evening!

Good day!
The 5min opening range was very bearish.
Looking for the breakout and retest to jump in the Sell side.

Jolts Jobs data came very strong! This is not good for equities.

I just sold it at 21590.
Will add my chart...

I also bearish on NQ, but something I don't understand is why JOLTS, that measure the number of opening jobs reported in the previous month can impact negatively the inquiries. The more we have jobs oppening, the more people are will consume/spend, the more businesses will increase their production, the more their profit will also increase,... Isn't that good for economy ?

Please can you explain ? I must be missing something there.