Daily analysis and day trading setups on NASDAQ NDX 20220816

16 באוג׳ 2022

Happy Tuesday,

Wisdom: The greatest secret of a successful trader is letting market be what it is instead of what you think it should be, and then make the best of it. So stop fighting for bulls or bears and make money.

Line in the sand today is 13646. Bulls want to keep it above that and go on to break 13680, 13710 & 13740. Bears are looking for 13590, 13560 & 13530.

Macro EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI

Buy
Break: 13680, 13735, 13820, 13955
Reversal: 13595. 13530, 13450, 13295

Sell
Break: 13600, 13540, 13470
Reversal: 13695, 13745, 13840, 13895, 13960, 14030

Green Goblin levels are here >>>


Fibonacci Confluence levels are here >>>

16 באוג׳ 2022

העסקה בוטלה באופן ידני

#Trade 1: After bullish BO of blue level F, anticipatory entry at level F

#LongTrade 135345
SL 20 pts
TP1: 3:1 60 pts✅Stop to entry

Stopped out at entry for 2/3rd position on reversal

16 באוג׳ 2022

העסקה בוטלה באופן ידני

#Trade 2: Same as trade 1

#LongTrade 13534
SL 20 pts
TP1: 3:1 60 pts✅
TP1: 6:1 120 pts✅
TP1: 6.5:1 130 pts✅

Closed manually on reversal setup on blue level C

16 באוג׳ 2022

עסקה סגורה: היעד הושג

#Trade 3: Same as trade 1. Very rare setup

#LongTrade 13534
SL 20 pts
TP1: 3:1 60 pts✅
TP1: 6:1 120 pts✅
TP1: 9:1 180 pts✅

What a day! Unbelievable.

16 באוג׳ 2022

הערה

I am getting convinced that trading my confluence levels on NASDAQ is a way to go.

This is how NASDAQ interacted with my confluence levels


& this is how it behaved with zones