Nasdaq-Simple Intraday Strategy

Sell Lmt order

I was not around... Entry missed by 9 points!

Sorry for the late answer bro, i really appreciate your time in this response and i definitely will take your advice
it's apply the same for eur and gbp? since i trade them most in london session

Upcoming Weekly Analysis!
Good Week Everyone!
FA Analysis:
1- Last week, we have had two key factors that drove the market and created high volatility:
- Close of Strait of Hormuz and its impact on OIL.
- Crisis of Private Credit Sector and its impact on Equities.
These two factors are still present, particularly the first one. The Middle-east war is widening and Oil refineries in the region are becoming targets! Oil will open with huge gap up.
Here is a Oil chart with potential target of $162/barrel!!! Crazy stuff.

This plausible scenario will create an immediate worldwide panic.
The market impacts on Equities, Dollar and Gold are exponential.
Gold might reach 4800 instantly within one-two sessions:

2- Central Banks Week:
This upcoming week, we have all major CB meetings. Irregular meetings are expected to address the Oil crisis and its impacts on future Inflation, panic in equities.
CBs will step in with emergency programs, opening the print machine... The smell of free money is imminent.
CBs interventions, if it materializes, it will stop the bloodbath in equities.

=) In conclusion: Zigzag is the name of the game. The Oil panic will trigger the dumps (Zig) and CB free money will trigger the pump (Zag).
TA Analysis:
Weekly TF:

The weekly close is irrelevant; it's inside weekly candle. But I expect a gap down at the opening. The opening value will make the Weekly close bearish.
With the Oil panic and a weekly bearish close, a continuation down is the least resistance.
Potential targets are in the chart as reference.
Daily TF:

Bearish Daily close. Price is still inside HL swing. Price should continue down to create a new LL.
=) In conclusion: ST Outlook is Sell.

Happy green week to Everyone! GL!

Good day!
So far the opening and both Asian and European sessions did not behave as expected. We got a strong retrace to the LBD and close to 78.6 fib.
I just took a small sell position (0.3 lot) at 24650..


Let see how NY behave!

lots of bears here

Bullish OR!
I think NVDA GTC Kicks Off Today is behind NQ pump.

short at 24652

Good day!
We've a confirmed HL.
If the dump scenario is still valid, NQ will seek a new LH and resume down. Tomorrow FED's day, so until then the range will be tight. Nice way to scalp.
Market would like to dismiss the current M.E war/crisis and move away; so any news will be taken as a fact even if it's not.
Private credit crisis is still present.

Sell Lmt order at 24845.

Edit:
1- Triggered.

TP1 hit with 105 points.
STP at BE.

forgot to say: closed with +60points

closed all.. it's not going to reach my TP2.
It was a nice day.
See you tomorrow.

NQ retraced exactly to VA making a new LH.
Important data and decision today with Inflation (i.e., PPI) and FOMC.
My bias is stillSell.

Inflation data is overshoot. Very bad for equities and FED. Rate cut is between delayed and cancelled completely right now! FED must intervene with free money which it will become very good for equities.
See the Weekly analysis...

Indecisive OR...
M.E. news: Impacts on Oil and Gaz...

Will wait for the FED to trade... See you later.

Hello FADHL ,
If the rate stays the same 3.75 whats your opinion on NQ?

FED is over... What do we take from it:
FED is uncertain about everything! Inflation might be temporary and might last; it will depend on how long the Oil crisis lasts and how much its impacts on core goods and services.
No single word on the Private Credit crisis.
All the focus and questions were on inflation.
What is certain, Neither rate cut in the near future nor rate increase! Unknown, uncertain... the FED will adjust...
In my view, market will be unhappy with this unknown state.
That's all from the FED.
All eyes now on Iran retaliation: All Oil and gas facilities in the M.E. are expected to be under attack imminently.
In the Weekly analysis, I mentioned Oil with $162/barrel. This is in play.

The day confirmed LH swing. Bearish daily close. A continuation down is expected.
Asian session will be very active if Oil breaks up 115-120 levels.