Daily analysis & day trading setups - NASDAQ NAS100USD 20220830

アップデート済

Happy Tuesday,

NASDAQ has cleared 100 DMA as well as 10 WMA this morning. Line in the sand is 12 550. Bulls have a long way to go >>> 12 700, 800, 950, 13 050 before they can gain control. Bears need to 12 375 followed by 12 280 to regain/retain control

Macro EU HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech

Buy
Break: 12 675, 755, 815, 945
Reversal: 12 585, 500, 420, 325

Sell
Break: 12 595, 515, 435, 385, 350
Reversal: 12 700, 775, 830, 970

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:

Green Goblin levels are here >>>

Fibonacci Confluence levels are here >>>

トレード終了: 利益確定目標に到達

Trade 1: Rejection of Blue Level C of Brown Level C (see chart for more details)

Short Trade 12564
SL 20 pts
TP1 3:1✅60 pts
TP2 6:1✅120 pts
TP3 9:1✅180 pts

➡️ 360 pts on 3 positions
➡️ 120 pts profit with 20 pts risk per position
➡️ 6R/6X

➡️ This trade has the potential to turn into a massive swing trade. it already reached 17:1

Here is the chart with details:

ノート

Above trade ended up going to 19:1 although I only took 3:1, 6:1 & 9:1

ノート

Overall, trading plan worked well. Got only 1 trade. Did not want to risk too much on the last couple of days in a massively winning month.

1 winning trade with 360 pts overall & 120 pts average against risk of 20 pts. Giving 6R/6X

The levels are getting better everyday

Here is the zone chart