Nasdaq-Simple Intraday Strategy

Quoting Anddmitt

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{quote} 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.

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Quoting Fadhl

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I just sold it at 21590. Will add my chart... {image}

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Quoting Fadhl

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{quote} This is so far saved by 4 points

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Quoting Fadhl

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{quote} And stopped!

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Quoting anonrika

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{quote} What was wrong with this trade? Was the decision correct but bad timing?

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Quoting Fadhl

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{quote} You're completely right... This is very good for the economy. If economy is good, FED has no reason to print free money or cut rates... But Investors and corporations love free money; hence for them FED won't react in June 100% sure, but even later (which is more important as market has already started digesting no rate cut in June). So what leverage do Investors have to make pressure on the FED? Sell-off of equities. Why do they need free money if economy is strong? Because they know the impacts of tariffs will be awful on US economy. Hope...

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Quoting Fadhl

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Next is 21700, but price already reached 78.6 retrace; so it might be toppish at the current level. I'm in again with a larger STP=21730. This will be my last entry for today. {image}

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Quoting Anddmitt

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{quote} I get it now. It's clear. But we are obeserving that their "leverage" to make pressure seems on the FED doesn't work right now. Because the market is still climbing.

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Quoting Fadhl

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If you're seeking for a valid Sell entry, it would look like this for a valid LH. But if you're looking for a buy entry, the HL is a valid entry. (the levels here are not the subject but the swings HL-LH are the focus to catch your entry, be it buy or sell) {image}

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Quoting DmShka

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I think price want finally grab upper liquidity. {image} {image}

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Quoting Fadhl

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Hope this kind of explanation and details are useful. If you agree, a thumb's up will suffice and I appreciate. This is to help me whether I continue sharing TA knowledge or not. Thanks in advance! Have a great evening/night!

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Quoting Fadhl

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{quote} What about trapping late buyers and/or selling from the highest price without breaking or changing the Sell structure? As long as price is below 21805, the sell direction is still intact. That's why it's always safer to jump when you got valid triggers. Today, I do not have any valid trigger but I jumped in chasing the top!!! very bad approach and I paid for and continue to pay for as long as I do not respect the strategy!!! A human makes these kind of mistakes but a robot does not

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Quoting Fadhl

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{quote} Price has made a valid HL and a LH to be validated. As soon as price brake 21626.3, the LH becomes valid. {image} Too late in the day to jump in, except for swing trader.

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