4pm - 4:57pm price was choppy af today (I hate that) --> maybe trade 1h later when price gets trendy? overall good trades imo; the SL placement could use some work tho and overall Im satisfied with my performance PnL: +0 RR
the high and lows of the market 5 years ago. what I am specifically looking for is the break and retest points of the market and then how it fills the liquidity before breaking to the upside or downside. circling the high and low points!
With NQ1! reaching higher highs on the monthly, it adds to the wave ((5)) impulse off the October 2022 low. It suggests we need to finish a smaller impulse, have a correction, and then one final impulse to reach a top for the market. Price target is the median line of the pitchfork, and bulls are very likely to get it at some point. In summary, I have NQ1! in...
Price has found support off the bottom of the range. It's popping up back towards the top of the range.
LONG NQ @ 18776.50, looking for a bounceplay towards VWAP. Let's see how far it carries.
A deep correction from here could allow us to reset before making a true generational market top. I will elaborate more in attached posts, but just a possible idea for price path from a 3-5 year perspective.
CME_MINI:NQM2024 - PR High: 18813.00 - PR Low: 18795.00 - NZ Spread: 40.0 Key economic calendar events 10:00 | Existing Home Sales 10:30 | Crude Oil Inventories 14:00 | FOMC Meeting Minutes Continuing to grind into new ATH - Holding above prev session high - Daily pivot off 18600 range (inventory) Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap...
Divergence formed and trendline broken. This is bearish and price is gonna come down towards the bottom of the range.
Indices have taken out ATHs Expecting some type of retracement SSL look good to be raided
Lots of red today but not so bad really. Most of red was from unrealized gains on GME. Everything else wasn't bad and GME was a net $200 realized loss. I pulled a clown move at the close, sold my calls at the bottom and then aped into $80 worth of far OTM near the top. I stand to lose a total of about $280 on GME in this account for the week. Worth a shot IMO,...
NQ has been chopping around for a few days, but has been holding the 18733 area on every retest. We moved significantly below that level this morning, but had a near instant V shaped recovery. This combined with VX weakness makes me bullish for the afternoon today and into tomorrow. No telling what happens after NVDA earnings, but money can be made on the run up...
I use 30m volume profile, set for 6 to 5pm daily, which provides 1) daily POC and 2) HVN (high volume nodes) / LVN (low volume nodes). Price is likely to react to previous POC (not to the exact line, so always keep in mind the "zone"). HVN may also be used similarly, as price sometimes are rejected near that node. LVN may act as a magnet, attracting the price into...
4pm - 4:46pm was a great day! Learned sum stuff had had overall good trades 3rd trade: maybe dont expect too much from price --> mark the highs a bit lower and the lows a bit higher? PnL: +2 RR (couldve been a +4 RR day but well)
Yesterday we took the all-time high with a liquidity sweep creating a market structure shift on the 15min timeframe. Asia/London session is now in a range market. 8.30 Am we have Canadian CPI news. Careful for manipulation. I will be looking for clear indications and confirmation to trade in direction of the American market open. The overall value migration is up...
CME_MINI:NQM2024 - PR High: 18755.00 - PR Low: 18741.75 - NZ Spread: 29.75 No significant economic calendar events Prev session lift ATH - Holding inside prev session highs - Below prev session close - Low vols continue for 3rd week Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 226.45 - Volume:...
Long term cup and handle extension and we're approaching 0.382-0.618 retracement zone. Could be value in green area.
Price has shown momentum upwards in the form of big green candles. It's also curling up for a pop up. Price is ready to move higher.
4pm - 5pm learning and improving today was hard because of a strong resistance that made price choppy but yk, I cant expect for price action to be perfect every single day PnL: +1 RR