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NAS100 AnalysisThe trend is still a bullish, we had a break out the trend yesterday but it couldn't stay out and came back into the channel. You can see clearly on the 4hour (close outside & then close back inside) and daily chart long wick. Today we may get another attempt on breaking this channel bringing price down to next target 12465 then 12238. As for the bulls, if they carry on the trend then its easy, next target 12787- 12919, a break then next target would be 13100. Keep trading simple, Do not overcomplicate it. Trading is a skill you learn through hard work, like any career. First Education then Experience. In this industry you will find two types of people, A trader and A gambler. It is your choice which one you want to be. All the best today!!!
OANDA:NAS100USD
by Tradeofgrey
NASDAQ Analysis Hi Everyone, Happy New Year. Hope you all had an amazing holiday. Looking at nasdaq I can see this market is about to drop. It is still go higher and higher. Again today it made a new high. However when we get build up like this, it eventually tips. Bulls- Next target for the buyers will be 13100, It may come back for a retest to 12921 before carrying on or may just be a fake break out and taking all the buyer out ready for a big bearish movement. Will wait for New York market if you haven't already entered. Bears- If the market does drop our target for the bears will be 12971. If we get a break here, the upward trend will break bringing market to 12463 or even 12236.
OANDA:NAS100USDShort
by Tradeofgrey
NAS100 Analysis Hi Guys, We had a beautiful drop this morning on nasdaq bringing price down to 12460 one of our key levels. We can see a double top formed and we may see the bears continue bringing price back to 12460. A break there will bring it down to 12316- 12094. As for the bulls next target will be 12787- 13000. This week will be very interesting especially with all the uncertainty with coronavirus. We may finally see a break of the current bullish trend. Key levels are so important as they will be your guide to your entries. If you key levels are wrong you entry will be wrong, you will end up entering too early meaning stop loss hit, or too late where you missed it. After you get your levels most people don't know what to do with them. You need to find techniques that work for you. All those who have done my course trade in my style and have been very successful. It simple strategy anyone can use- you don't need years of experience to be profitable. All the best this week guys
OANDA:NAS100USD
by Tradeofgrey
NAS100 AnalysisHi Everyone. Nasdaq is currently approaching 12656 zone where price had come only last week at new high. The market will either break this new resistance pushing price higher or respect it and let the bears right back in. If we get a break, our next new target for bulls will be 12821 according to the channel, as we are still in a upward channel and it has respected it so far very well. However if we fail to break through this zone we can see the bears push the price back down to 12463- 12318. Tip: This may create a double top pushing price right down. So far double top formation looks perfect- only missing the right leg. Again Nasdaq new highs are in its genes. So prepare, have strategy in place and follow it. Don't trade blindly- Nasdaq can make you a winner if you trade it correctly All the best guys.
OANDA:NAS100USD
by Tradeofgrey
1
NAS100 AnalysisHi Guys, hope you all had a great weekend. A quick update on what is happening on NASDAQ on the daily. We have been around this 12200 zone for last few days and its a very strong support area. For the bears to really come in we need a break out of this 12200 area. As for the Bulls if they continue we can see more new highs. The market is currently consolidating so lets Prepare, wait and execute!!! Monday Motivation!! Nasdaq is a very good pair to make very good money. Your weekly target should be minimum 400 pips profit, which can be easily achieved through NAS. If you are not profiting and losing money you should stop, and see what you are doing wrong. From my experience I can say the ones that succeed and flip their 1000 to 10,000 to 100,000 to 1 million is the one who know when they are doing something wrong they seek help to improve and better themselves. The ones that gamble, this market will turn you into a gambler to the point it becomes an addiction. And you will never make any money instead you will lose everything you ever worked for in the outside world of trading. I have met people who even lost their family due to addiction hence I always advice people of gambling. So please don't ever let yourself get there! If you need help, Seek help.
OANDA:NAS100USD
by Tradeofgrey
1
NAS100 Analysis Hi Guys. So last week was great, we broke through previous highs to make new highs and it moves with some very good momentum. However after it made new high it has been consolidating and doesn't really know what to do. Its been a great battle between the bears and bulls- a lot of long wicks everywhere stopping traders out the trades. Im hoping to see some good stability in the market this week. Currently the market is still consolidating and we can see a triangle has been formed aswell. For the bears it is pretty simple, a break of 12442 and we can seen as come down to anywhere between 12377- 12227. If we manage to break this channel down and we get confirmation it has broken then we may see some bearish trends. As for the bulls we can see 12537 has been a very strong area of resistance however it may eventually break pushing price to 12657 - 12750 Advice for this week: Have a plan- a fool with a plan can beat a genius with no plan. It is very important to know where the market is going and be ready to execute with the correct calculated risk. To be a wealthy trader, you must learn first to love the money you have. If you have no care or love for the capital you have then you can never succeed to make more money. Protect the capital, and that capital will one day make you a millionaire!!!.
OANDA:NAS100USD
by Tradeofgrey
4
NAS100 Analysis What a crazy day it was yesterday. Trying to break out of a consolidation with so many fake breakouts - Stop hunters. However we eventually got in the buy and it was a beautiful exit reaching a nasdaq New high. Today we may see some gaps filled with bears come back in or a continuation for the bulls coming back to 12518 and if we get a break here our next target is 12628. As for the bears we may see it drop back to 12213. and a break there can bring us further down. I have outlined the key levels for today. Lets see where this may take us. Remember Key levels I have drawn have strong support or resistance so we can easily get bounce from them if market respects that level. All the best
OANDA:NAS100USD
by Tradeofgrey