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MNQ1! trade ideas

#Nasdaq Futures - 2 Paths depending on Unemployment Report *SMC*SMC = Smart Money Concepts - Find related Posts that provide explaination on how SMC highlights price action and how to predict what could happen in the market This is in preparation for Thursday June 6 market. As the Asian Market continues overnight. Its seems that there will be a slight decline. This decline will fall into a 4 hour Fair Value Gap (FVG) Designated by the large green box between the prices of 19028.25 - 19072.00. As it approaches the median of that 4HR FVG, there is also a 1 hour FVG Between 19043.75 - 19050.75. Smart money concepts sugggest that these fair value gaps will get filled with price action whichc is why I am suggesting the small decline during the asian market. When the London market opens, we should see the price enter thes price zones mentioned above and possibly make a positive direction for a slowing until the Unemploymnt Claims Report is released. Considering the Unemployment Report is lagging, we may not see a large run but it should run the direction reflective of the report. However, the ADP report came out with a lot of losses and we saw major gains. So if the unemplyment claims are lagging, we could see another rise and a rise above the next liquidity point at 19108 from around 19050-19044. If we were t o see a decline, I believe we would still see a run up from the area mention ed above as a "fake out" to make retail traders chase the price up and then it will hit the price of 19072 (top of the 4 hour FVG) and then start falling to fill in the rest of the FVG (19028) AND COULD CONTINUE LOWER... into the next fair value gap found in the 15 minute chart at 18950.25. The only issue with it dropping is that it will encounter a Breaker along the way (Designated by the Blue Box - 19007.00 - 19024.50) Price may struggle through breaking below the low. If anything it may hit the median and start to stagnate before starting to move back up. So in conclusion I've givent two road maps depensing on the data that comes out tomorrow Personally, I have a feeling we'll see a bullish run with a laggin indicator with the Unemplyment claims hopfully breaking the new high. Smart Money Ideas Previously Posted Let me know your thoughts, good luck and good trading
CME_MINI:NQM2024
by BodiesXWix
You found liquidity. Now here is what yo do with it. In this chart price action I have marked out where previous types of liquidity existed. At the left you can see there was an uptrend but this uptrend had no factors showing LOW liquidity. Only strong high liquidity. Using the rules below you can mark out liquidity levels and what to expect when price returns to these levels later on. No indicator can do this for you. This is simple price action structure. You can implement these rules into marking levels in your price patterns / shapes, if you like using those as well. Welcome to the coffee shop everybody this is your host and Baristo Eric, and I'm here today to let you guys know about the difference between high liquidity and low liquidity pivots and when I say pivots I mean price levels in the market. I want you to keep in mind that this trick works on all time frames it doesn't matter what time frame you're looking at but it certainly works best if you're comparing the high time frame to the low time frame that you're trading on. This is a price action trick and strategy that you do not need an indicator for. Which means you can never get this wrong as you long as you follow these rules but the minute you try using an indicator for this you're going to miss out on some important details. Now obviously there's a few rules that you need to follow when you're looking for high liquidity or low liquidity pivots and in the image above you should be able to see it but in the text below I'll give you my breakdown of the 123 rule that you can really follow to understand what you're looking for. Here's a few rules to follow: 1. Bullish candles make high pivots 2. Bearish candles make low pivots 3.the length of the Wick of the candle is the trigger to tell you what you're looking for. You cannot find low or high liquidity in a market during the trend. You can only see it after the trend has finished and you are either currently ranging or you are in the alternate trend meaning you were in a downtrend and now you're in an uptrend or a sideways market. You want to look for these liquidity types in the previous trend but using the strategy in this video you can also find high and low liquidity in arranging markets simply by looking at the ranging market that previously took place. The trick to finding liquidity in the market goes like this: Finding Sell Liquidity (Resistance) in previous market moves. If you were in a downtrend and now it has completed you can look backwards at that downtrend and find all the bullish candles that will reflect the rules you were looking for. Look at the downtrend and find the bullish candles. You want the bullish candles that had swing highs and their upper Wick is longer than their lower Wick. If the previous market was an uptrend you simply wanna do the opposite: and previously up trending market you wanna find all the bearish candles and those bearish candles need to have a swing low Wick plus the Wick on the bottom must be longer than the Wick on top. These will reflect your SUPPORT levels (Buy Liquidity) One of the questions often asked is what do you do with these levels once you find them. Once you find low liquidity levels you wanna mark them this way you can treat them as plausible breakout areas meaning that with low liquidity in these areas price will reach those areas later on and price will continue to move through them because there are very few participants trying to buy or sell in a low liquidity area. High liquidity area however simply means there is a lot of volume lot of activity and when price reaches back to these levels that price will either stall or reverse at these levels. High liquidity areas also mean that these are banks and institutions trading at these levels so price can pull away from it retest and then come back to it for a very large move initiated by that same level.
CME_MINI:NQM2024
by CoffeeshopCrypto
NQ Power Range Report with FIB Ext - 6/6/2024 SessionCME_MINI:NQM2024 - PR High: 19097.50 - PR Low: 19071.75 - NZ Spread: 57.75 Key economic calendar event 08:30 | Initial Jobless Claims Strong trend to a new round of ATHs - Pausing above prev session high Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 248.72 - Volume: 23K - Open Int: 249K - Trend Grade: Bull - From BA ATH: -0.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 19246 - Mid: 18106 - 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
CME_MINI:NQM2024
by mv3trader5
2024-06-05 - a daily price action after hour update - nasdaqGood Evening and I hope you are well. overall market comment Bulls owned the markets today but when you zoom out, almost all are still inside their given ranges, new ath or not. Sp500 and NQ are pumping while dax and dji are still looking more bearish than bullish on higher tf. The only interesting question now is, if bulls can get follow through tomorrow of if this was a buy vacuum to the obvious magnets and we will now see a nasty reversal. Since this rally is done by basically one stock, I do think the chances of a reversal are not as low as most think. For NQ my assumption is that this was a higher high major trend reversal and 19060/19100 could be the high. I see those chances much higher than a breakout above the bull wedge. But I’m very open to the possibility that the melt-up continues and NQ will go to 20000. Commodities are still inside their trading ranges and nothing changed for them. Gold is inside the given range and Oil had the first green day after 5 down days. nasdaq e-mini futures comment: Let’s use the daily chart here for my points. Very big bull bar today which confirmed the bull flag breakout from yesterday and we printed a new ath. Now what? We have the very big bull trend line which could lead to 19500 and the bull wedge which could make us reverse here. It was the fifth push up and a climactic one at that. I would only consider more longs here, if bears capitulate and we do not print red bars at all. If bears show up and enough bulls take profits, will see 18600 again soon. current market cycle: trading range (yes, even with the new ath. if bulls get follow through, I’m obviously wrong about that) key levels: 18200 - 19084 bull case: Bulls want follow through tomorrow to completely erase all bears and print 19400/19600. My line in the sand for them is 18950. If we drop below that price, I do think chances are better for a reversal than another break above. Invalidation is below 18950. bear case: Bears did not keep it below 18750 and we got higher prices as I expected, if bulls break above. Now bears capitulated today and we saw a buy vacuum to the old ath and printed a new one. I am not sure if bears will step aside for more upside or if they try to get this down again and trap late bulls. We will probably have an answer tomorrow or Friday, since we also get many bigger news releases which can turn this to either direction with another big move. What I don’t expect is that we spend much time at this price. We either melt-up more or reverse strong. Invalidation is above 19110. short term: Neutral. I want to see if bears jump in here or we move much higher. Above 19110 the odds for 19400 are great. Below 18950 I think bears could get it lower again. medium-long term: Bearish - 16500 over the next months and probably 15000 in 2024. —unchanged current swing trade: Started building small short position 19039. If we strongly break above 19110, will cover and wait. trade of the day: On the 15m tf: Two legged pull-back at the open which were all bullish bars to go long if you weren’t already. Market stayed above the 15m 20ema since 1h after the EU opening.
CME_MINI:MNQ1!
by priceactiontds
NQ - That's about it?When NVDA surpass AAPL in market cap, the clown fiesta is ready to conclude itself. The ration of $CME_MINI:NQ1!/CBOT_MINI:YM1! has far surpassed its high back in the dot com crisis, and the collapse is a matter of time. When we have both S&P and Dow Jones underperform Nasdaq that much, and we have a crazy high concentration on mega market cap companies, it's obvious a huge pullback, or recession, is on its way. Not only the "Mag 7", Nasdaq is solely a casino for "semiconductors". Everything else is seriously irrelevant to the index movement at all. Thus, I believe this shall be the ultimate chapter for a crazy long bull run, and bears will be back.
CME_MINI:NQ1!Short
by Kujo_Qtaro
NQ Power Range Report with FIB Ext - 6/5/2024 SessionCME_MINI:NQM2024 - PR High: 18720.25 - PR Low: 18695.50 - NZ Spread: 55.25 Key economic calendar events 08:15 | ADP Nonfarm Employment Change 09:45 | S&P Global Services PMI 10:00 | ISM Non-Manufacturing PMI - ISM Non-Manufacturing Prices 10:30 | Crude Oil Inventories Volatile volleyball PA prev session - Edging current week's high, above Friday's high - Returning to prev week's range - Prev session closed as inside bar Evening Stats (As of 12:55 AM) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 241.33 - Volume: 21K - Open Int: 240K - Trend Grade: Bull - From BA ATH: -1.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 19246 - Mid: 18106 - 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
CME_MINI:NQM2024Long
by mv3trader5
Asia Session Idea 06-04From the 15m TF, we see NQ rejecting the bearish FVG. If you drop down to the 5m TF you can see it doing the same with a 5m bearish fvg, while using a 5m bullish FVG as support. If NQ trades above the CE of the bearish FVG (around 18,736), I will consider taking longs to Asia highs (18,746) and New York Session highs (18,753). If it trades into the bullish fvg CE (18,723) & closes below it, I will consider taking shorts to Asia lows (18,696). Confirmation for me to take a trade is a strong candle close above or below the zones i've mentioned.
CME_MINI:NQ1!
by blueskrips
1
Hello, traders!Today, I took on a trade with the MNQ (Micro E-mini Nasdaq 100), and let me tell you, it was quite the rollercoaster. As always, I'm here to share my journey, insights, and lessons learned from the trenches of the trading world. So buckle up, and let's dive in! The Setup The day started with a promising setup on the MNQ. The charts were looking good and my strategy was giving me all the right signals. It was one of those moments where you feel the thrill and excitement of the market pulsing through your veins. I entered the trade with confidence, ready to ride the wave to a solid profit. The Rollercoaster Initially, everything was going according to plan. The price was moving in my favor, and I was watching my position grow with satisfaction. It felt like I was in perfect harmony with the market, and the rewards were just around the corner. But, as every seasoned trader knows, the market has a way of humbling even the most confident among us. Just when I thought I had it all figured out, the price retraced. It was like watching a tide that had been steadily rising suddenly pull back, leaving me high and dry. The Pivot Despite the setback, I didn't panic. There's a method to the madness of trading, and part of that method is staying calm and sticking to your strategy. I reassessed the situation, adjusted my positions, and tightened my stops. The market can be unpredictable, but preparation and adaptability are key. The Outcome In the end, I managed to take home a small profit. It wasn't the massive win I had initially envisioned, but it was a win nonetheless. More importantly, it was a testament to the importance of staying disciplined and not letting emotions drive your decisions. The Lessons Every trade, whether it ends in profit or loss, is a learning experience. Here are a few takeaways from today’s adventure: Stay Flexible: The market is constantly changing. What looks like a perfect setup can quickly turn. Be ready to adapt. Keep Emotions in Check: It's easy to get swept up in the highs and lows. Maintain a level head and stick to your strategy. Small Wins Add Up: Not every trade will be a home run. Consistent small profits can accumulate to significant gains over time. Conclusion Trading is a journey filled with ups and downs. Today’s trade on the MNQ was a reminder that even when things don’t go exactly as planned, there is still a method in the madness. Every experience, good or bad, is a step forward in the grand scheme of trading. Keep pushing, keep learning, and most importantly, keep trading smart. Until next time, may your charts be green and your trades be profitable. Lord MEDZ
CME_MINI:MNQ1!
by Skinwah
NasdaQ Day 04/06/24 The therapist says i need to express more. Anyways,(my) daytrading levels on the Nasdaq for today. Absolutely loving 18483.25. Loving 18686 even more; Planning to trade both/either side with these levels today; Also incorporating QQQ options, if price allows us. If you see These levels and understand: Holla If you have a different idea/opinion, let us hear it Some wise ass told me," trading should be viewed like getting on a bus and get off at your stop. No need to reach the terminus.... Happy trading!
CME_MINI:NQ1!
by lucrativebros