Nasdaq-Simple Intraday Strategy

Both consumer sentiment and inflation expectation came very bad! Very bad news for equities...
I think 25200 will be retested again and then we dump.
Will place a Sell Lmt order at 25206.

exact and due to that i missed the last upmove now lol. Damn, I was quite sure they want to dump it know. Would have fit perfectly into their PA before. Messing around with extremes of the day and then collapse. could be they want to take out ORB again... looks like, damn, almost reached level one, around 25155 lots of longs are sitting here waiting to be triggered (SL shorts...) . I think that was the final destination and then south for the day. IT's friday... correction day, cheers.

Finally all indices are in sync now... probably start now of downwave. let'S see,

Does they really want to take out the high and the stops today??? omg... - Dow is already on last tyre running lol . They just play with the market now, trying to sell some longs more to the crowd. I don't recommend to short already but watch it closely and don't get long too early if it flushes. cheers. Sorry for messing up the thread. I'm silent now.

Price should not be going up right now imo. Bad day for me, SL was hit on US30. I'm out for today.

Long at 25154
out with -62points

seems that is trying to go to 25400

May be.. I'm inclined with the dump side... I expect more bullying tweets from the nut.

25200 doing his job...

Yes.. 25200 became stronger with the consumer sentiment and inflation expectations bad data along with war noise and tweets.

Wish you a great and wonderful weekend Everyone!
It worked very well the 25200. I'm done for the day and week...
See you next Monday... be safe.

I see. Happy Weekend. The PA on s&p drives me crazy. Real annoying, Dow and Nasdaq is ok but also not best. Looks like few people control the market currently. No fun trade. Vola is low. Strange week. I also cannot understand why the market is so high still. I Think they really wait to the last hour today before more dump is coming before weekend. Made my daily goal but not satisfied,- very annoying today. anyway, good weekend all, too

Good Week/Day!
Both Weekly and Daily closed bullish last week. However, the failure of Iran-US negotiations made the market open with gap down. With this gap, both Weekly and Daily closes become bearish.
Asian and European sessions retraced up to 50-61.8% Fib and closed the gap. I expect NY will go with a Sell-Off. The blockade of the Strait of Hormuz is a complete destruction of supply of all goods. The impacts of this war are now structural. Good prices will go further up along with inflation...
My ST/MT Outlook for US equities is SELL.

I sold at market 25010.

Stopped!

The problem, even the big ones have is the gap risk overnight. It destroys setups, plans etc. The Volatility expands but it is one way. What we saw today is the try of the market to capure the losses of friday evening (wrong position) - nasi, s&p made it, dow not. So they are trapped. That makes room for big moves - again - but: what you can see already now is: the market is drying up, feels like trading Forex. -The vola is too extreme and the tweets do the rest. No one anymore is interested to take a huge position in such an environment and trading gets gambling.

Only solution: heavy counter like me (much experience needed) or jump in, normal SL and hope for the big run like this morning. If I would have kept just one position I would have made my day - with one tiny position. Currentry 75% of day earns made but I have to be honest: I'm not sure how I did this in such an environment. Really hard currently for PA traders.

Look at Nasdaq PA: What is that??

Market is completely manipulated...Happy with stopping trading after my loss this morning.

Good day!
Market is optimistic about US-Iran negotiations.
The last three days, NQ moves were (way) above ATR. V shape in Weekly and Daily YF


Today, we have PPI. But more importantly, the earnings season is here.

Strong bullish OR.
Direction is up unless weird tweet...

Yes, I see the same. I really struggle to trade with that PA in an updrift. I got out with a small loss on s&P (nasdaq would have been better) but what I really don't like is the vanish of volatility. It's almost impossible to scalp in a save way. hmmm...