The Truth About Trading And How to Find EntriesThe truth about trading. Stop listening to Gurus, brokers, analysts and anyone else. Leave it to the charts. Here is how.
NQ1! trade ideas
NQ Power Range Report with FIB Ext - 8/27/2024 SessionCME_MINI:NQU2024
- PR High: 19574.00
- PR Low: 19521.50
- NZ Spread: 117.5
Key scheduled economic event
10:00 | CB Consumer Confidence
Maintaining daily range
- Auctioning in 8/22 lows
Session Open Stats (As of 10:45 PM 8/26)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 387.53
- Volume: 13K
- Open Int: 232K
- Trend Grade: Bull
- From BA ATH: -6.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Nq going all the way up?!NQ is picking up some steam here as this trend changes in the favor of bulls...
Short Momentum with Minimal Technicals. CME_MINI:NQ1!
The short momentum and levels seem to be inbound. I shot this short clip for my buddy that is new to trading, but if it comes in helpful to anyone else for some plays, I wish you all the profits. Good luck!
Stocks Too Far Too Quick After Powell?E-mini S&P (September) / E-mini NQ (September)
S&P, last week’s close: Settled 5652.50, up 58.50 on Friday and 74.25 on the week
NQ, last week’s close: Settled at 19,790.75, up 212.50 on Friday and 185.00 on the week
Fed Chair Powell delivered his keynote speech at Jackson Hole Friday morning. As expected, he gave the nod to a path of interest rate cuts beginning at the September meeting but emphasized the pace is to be determined and data-dependent. Most importantly, there appears to be a transition from an inflation-dependent to a labor-dependent policy trajectory. This was notable in his comments that “confidence has grown inflation is on a sustainable path to 2%,” and “it is unmistakable the labor market is cooling, and further cooling is unwelcome.”
Equity markets, led by small caps (E-mini Russell 2000), had a phenomenal finish to the week. The E-mini S&P and E-mini NQ finished strongly, but merely recovered Thursday’s loss, whereas the E-mini Russell broke out, gaining 3.1% and trading into the highest level since August 1st. It is also gearing to be the last of the big four indices to recover its July 31st close, as the E-mini Dow achieved such on Friday. Speaking of July 31st, stock indices finished that session strongly on the heels of the Fed’s policy meeting but could not hold a bid through the intraday open the following day, before reversing sharply. We are certainly not calling for a repeat of August 1-5, but one must wonder, with Fed Chair Powell merely delivering what was expected, can markets hold this bid. For example, according to the CME Group’s FedWatch Tool, there is a 76.4% probability the Fed will cut rates four times this year, up from 66% before Powell on Friday.
The E-mini S&P settled Friday right at major three-star resistance, a level now defined as our Pivot and point of balance, detailed below. Tech was the laggard on Friday, with the E-mini NQ again failing at the critical 19,925 mark during Fed Chair Powell’s speech. In fact, it may take NVDA’s earnings after the bell Wednesday to clear it. This rare major four-star resistance level, along with strong resistance in the E-mini S&P at 5661.75-5665.25 and 5672.75, will be most crucial as the week gets underway. To the downside, a break below major three-star support in the S&P and NQ at 5632.25-5637.25 and 19,578-19,618 is likely to encourage additional selling.
Bias: Neutral
Resistance: 5661.75-5665.25**, 5672.75***, 5717.25-5721.25****
Pivot: 5652.50-5655.25
Support: 5632.25-5637.25***, 5618.50-5624**, 5614.25**, 5599.25-5603.25****, 5593.25-5594.50***, 5573.50-5582.75***, 5558.50-5560.25**, 5547.50-5551.75***, 5526.75-5536.50***
NQ (September)
Resistance: 19,783-19,790**, 19,832-19,867***, 19,904-19,925****, 19,981-19,995*, 20,025-20,085**, 20,150-20,180***, 20,355-20,371**
Pivot: 19,750-19,770
Support: 19,705**, 19,664-19,680**, 19,578-19,618***, 19,529-19,544**, 19,462-19,495***, 19,394**
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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
We are backI'm back. Looks like today we will be bullish. I must inform you that we have no news that may affect the market. From now on I'll resume work. I hope you have been profitable and are ready for a new week.
NASDAQ**NASDAQ:**
This week's forecast is for a reversal of the trend at 19935.75 to the zone between 18190.25 and 17995.50.
NQ Power Range Report with FIB Ext - 8/26/2024 SessionCME_MINI:NQU2024
- PR High: 19832.50
- PR Low: 19731.50
- NZ Spread: 226.5
Key scheduled economic event
08:30 | Durable Goods Orders
Maintaining Friday's inside print range
- QQQ gap below 468
Session Open Stats (As of 10:45 PM 8/25)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 395.80
- Volume: 21K
- Open Int: 236K
- Trend Grade: Bull
- From BA ATH: -5.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Here is last friday! I think that OB says alot!please let me know what you think about this interpretation of the price action on this last Friday. I think that OB had a lot to do with the reversal.
Last Tuesday was a Doosie! Here is what I saw (Short Bias)Here is what I saw on Tuesday of last week. My original idea was that we were going for higher highs, but after the quick run on the buy side, I had to change my perspective. What do you think?
None of this is advice for trade signals. this is just my own interpretation of the chart.
08/19/24 NQU2024 Bullish ICT Daily OverviewHere is what I saw on the charts on Monday for the NQU2024 chart. I have labeled exactly where I would get in and out, while also showing where my stop loss would be. This is not trading advice or suggestions to follow, just my interpretation of what price delivered.
My take on how to scalp using Delta Volume and Bollinger BandsIn this video I describe a super easy entry model that works and will help you enter high probability scalps.
Trading Supply and Demand Zones as they are being createdHere I explain how I trade demand and supply zones as they are being formed.
Nasdaq - $20,000 Up and Coming?!With a huuuge psychological barrier @ $20,000, it's expected that price is drawn to and from that region in quick fashions due to induced liquidity and with us closing at $19,776, there is more premium arrays in comparison to ES, with the expected influx of selling pressure coming into the market if NQ was to rally to $20,100 - $20,300* area (HTF)
First point of interest is this weeks highs @ $19,904.25 with $20,025.25 also in the scopes.
nasdaq push uptoday we se the market recovering from yesterday drop.
we are currently at the high of the sesion. wich means that there is a possiblity of a drop.
i have marked previous OHLC daily levels. that i think might work as a support for a trade to the upside.
taregt its marked in green.
we are going to trade these levels in 15 min chart. if we see a green candle rejecting one of these levels we take the trade. no green candle no trade.
have fun
ELEKTRA
20240823 NQIt can be a very volatile day with HI news at 10am and 8pm. Nevertheless I anticipate more upside before the 10am and reversal to the downside. It is TGIF narrative and one more leg to the downside will make a perfect sense with d ss raid.
NQLooking for NQ to push down into one of the two Daily FVG's before pushing up to create new ATH's. Price has currently hit a Bearish OB so price may consolidate in this range before pushing down due to some sort of catalyst.
NQ Power Range Report with FIB Ext - 8/23/2024 SessionCME_MINI:NQU2024
- PR High: 19637.25
- PR Low: 19612.50
- NZ Spread: 55.25
Key scheduled economic events
10:00 | Fed Chair Powell Speaks
- New Home Sales
20000 pivot short back towards daily Keltner cloud
- Maintaining previous session lows ahead of what could be a high vol Friday morning
Session Open Stats (As of 1:55 AM 8/23)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 401.27
- Volume: 21K
- Open Int: 234K
- Trend Grade: Bull
- From BA ATH: -6.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
nasdaq little trade big tradeslooking at the market today.
we se good rejection in booth sides. depending on the open lets see how it goes.
NQ Power Range Report with FIB Ext - 8/22/2024 SessionCME_MINI:NQU2024
- PR High: 19944.00
- PR Low: 19912.25
- NZ Spread: 70.75
Key schedule economic events
08:30 | Initial Jobless Claims
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | Existing Home Sales
Nondirectional volatility spike follow FOMC release
- Maintaining range of previous 2 sessions
Session Open Stats (As of 10:35 PM 8/21)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 395.55
- Volume: 11K
- Open Int: 234K
- Trend Grade: Bull
- From BA ATH: -5.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
2024-08-21 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
tl;dr
Indexes - All green, all good. Bulls want more climactic buying but have to settle with grinding it up. Bears are not building enough selling pressure to print consecutive bigger bear bars on higher time frames. Only look for longs until that changes. As of now, there is no reason not to expect much higher prices and new ath.
nasdaq e-mini futures
comment: Much two sided trading today but bulls closed it green and they are making higher highs and higher lows. We are close to 20000 and will most likely hit it tomorrow. Market is not stopping so looking for shorts is a bad strategy right now for most traders. Bears built decent selling pressure today but to no avail. Market refuses to go lower as of now. Above 20000 I don’t think bulls have any resistance until 20200 but that is weak resistance at best so it’s not totally out of the question that we will just continue in an almost straight line to 21000. For bears there is nothing but pain right now. They would need a strong 1h close below 19700 for a start and many stops would probably be below 19450-19500.
current market cycle: Bull trend in bigger trading range
key levels: 19500 - 20000
bull case: Bulls only see a 15% up move from the lows and absolutely no reason to exit longs anywhere. They want to dance while the music is playing. Buying is becoming climactic and this increases the odds of a pullback. 20000 is a big round number and we could see the start of some profit taking there but for now I have my doubts.
Invalidation is below 19500.
bear case: Bears are not doing much. They tried multiple times today to keep the market from advancing too much and at least they kept it below 20000 but as long as they are not even touching the 4h 20ema, they have to content with scalps and taking quick profits. The best bears can hope for is to keep it below 20000 but the odds of that are low.
Invalidation is above 20100.
short term: Can’t be anything but bullish above 19700. Below I turn more neutral
medium-long term: This climactic blow off top is/was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months. —unchanged since 2024-06
current swing trade: None
trade of the day: Between the orange lines was decent two sided trading but many many weird spikes and difficult trades to take. Buying 19800 was probably the best today.
NQ Power Range Report with FIB Ext - 8/21/2024 SessionCME_MINI:NQU2024
- PR High: 19819.00
- PR Low: 19787.50
- NZ Spread: 70.5
Key scheduled economic events
10:30 | Crude Oil Inventories
14:00 | FOMC Meeting Minutes
Swinging inside range ahead of FOMC day
- Auction continues inside previous session range
Session Open Stats (As of 11:15 PM 8/20)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 409.61
- Volume: 14K
- Open Int: 237K
- Trend Grade: Bull
- From BA ATH: -5.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
MNQU2024 Monday 08/19/2024 15min Chart Review (Long Bias)This is my interpretation of how the market unfolded on Monday. These posts are for my journaling purposes, not advice. Please let me know what you think and if you see anything else.
