Daily analysis & day trading setups - NASDAQ NAS100USD 20220826

已更新

Happy Friday,

Line in the sand for NASDAQ stands at 13026 but the level to watch now is 13228. Break of that level and then 10 DMA at 13295 will mark a new start. JP will make or break this. That's the reason it has only moved 25% of the range so far.

Macro US Core PCE , PI/PS, Powell Speech, Michigan Cons. Sent. Index

Buy
Break: 13 095, 150, 180, 230, 300
Reversal: 13 030, 12 950, 910, 860, 830

Sell
Break: 13 070, 015, 12 990, 950, 890
Reversal: 13 130, 150, 200, 260, 310

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 >>>

交易結束：目標達成

Trade 1: Support at green box of Blue Level E. Entry on retest

Long Trade 13064
SL 20 pts
TP1 3:1✅60 pts
TP2 5:1✅100 pts
TP3 7:1✅140 pts

➡️ 300 pts on 3 positions
➡️ 100 pts profit with 20 pts risk per position
➡️ 5R/5X

註釋

Trade 2: Market pre-open move trade at Blue Level C

Short Trade 13200
SL 20 pts
TP1 3:1✅60 pts
TP2 5:1✅100 pts
TP3 7:1✅140 pts

➡️ 300 pts on 3 positions
➡️ 100 pts profit with 20 pts risk per position
➡️ 5R/5X

交易結束：目標達成

Trade 3: J Powell Trade: Two consecutive bearish engulfing candles at Blue Level D while Powell was speaking increasingly hawkish. Break of Blue Level D then green box. Entry on retracement to Green box

Short Trade 13107
SL 20 pts
TP1 3:1✅60 pts
TP2 6:1✅120 pts
TP3 13.9:1✅278 pts

TP3 was trailing two levels behind but got triggered due to wider spread. Taking up this issue with broker

➡️ 458 pts on 3 positions
➡️ 152 pts profit with 20 pts risk per position
➡️ 7.6 R / 7.6X

交易結束：目標達成

Trade 4: J Powell Trade re-entry. Break of pennant with bearish engulfing also breaking Big Brown B Level

Short Trade 12791
SL 20 pts
TP1 9:1 ✅ 180 pts

Kept only one trailing TP. Trailed two levels behind. Closed when reached 9:1
➡️ 540 pts on 3 positions
➡️ 180 pts profit with 20 pts risk per position
➡️ 9 R / 9 X

交易結束：目標達成

Boy oh boy... what a day it turned out to be.

➡️ 3 Winning Trades
➡️ 1598 pts from 9 positions
➡️ 178 pts per position with 20 pts stop
➡️ 8.9 R / 8.9 X

Remember...
➡️ Trading less makes you more money
➡️ Always plan your trades
➡️ Must trade the plan
➡️ Get rich slowly

Zone Chart