Daily analysis & day trading setups NASDAQ NQ_F NDX 01 Sep 22

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Happy September, Happy Thursday,

The first level that NASDAQ needs to regain is 12300. Then 12550 & then 12700 to be back in safe territory. Line in the sand today is 12170

12K is blindly obvious psychological level. So organised/institutional money does not trade that level. So levels to watch are 11989, 927, 843 & 809.

Macro GB Mfg PMI, EU Unemployment Rate, US Jobless Claims, Nonfarm productivity, Labor Costs, Mfg PMI, Employment Index, New Orders Index

Buy
Break: 12 150, 212, 281, 365
Reversal: 12 087, 012, 11 920, 878

Sell
Break: 12 100, 058, 012, 927
Reversal: 12 170, 266, 297, 382, 476

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




Green Goblin levels are here >>>
syot kilat

Fibonacci Confluence levels are here >>>
syot kilat
Dagangan ditutup: sasaran tercapai
Trade 1: Entry at the top of Green level B after breakdown overnight below the level and retest already holding

Short Trade 12220
SL 20 pts
TP1 3:1✅ stop ➡️ entry
TP2 6:1✅ stop ➡️ TP1 - 3R
TP3 3:1✅ - Stopped out on reversal at the wick
➡️240 pts on 3 positions
➡️80 pts per position
➡️4R/4X

syot kilat
Dagangan ditutup: hentian tercapai
Trade 2: Strong reversal at Green level F. Entry on retest at yellow shadow level of Green level F

#LongTrade 12040
SL 20 pts
🛑❌ Stopped out

Trade is taken as per the plan so nothing to worry

1st losing trade of the month

syot kilat
Nota
NASDAQ worked well with the zones. However, the price action was very choppy so after losing a trade, decided to stop trading and just observing price action. Two reasons:

1⃣ Did not want to give up the gains from DAX trades and the only winning trade of NASDAQ

2⃣ 1st Day of the month starting on a profitable note is very important for positive attitude, risk management & psychology

➡️ Overall 2 trades. 1 winning trade and 1 losing trade
➡️ 180 pts net gain on the day

Zone chart >>>
syot kilat

Green goblin chart >>>
syot kilat

Fibonacci confluence chart >>>
syot kilat
FibonacciNASDAQ 100 CFDUS NAS 100nasdaqnasdaq100NASDAQ 100 CFDNASDAQ 100 E-MINI FUTURESSupply and DemandSupport and Resistance

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