Welcome to my daily analysis of the NAS100 index, a cornerstone of my personal trading journal. Each day, I delve into the latest trends and market movements based solely on the ICT concepts, that shape the performance of the NAS100.
I’ll be examining the driving forces behind the index’s fluctuations, evaluating technical signals, and sharing my insights on potential trading opportunities every single day. This journal not only reflects my trading journey but also serves as a comprehensive resource for understanding the dynamics of one of the world’s leading stock indices.
Let’s dive into today’s analysis and uncover what the market has in store for us.
Nas100 technical analysis today
Trade setup: 20th June, 2024
Today is Thursday and therefore I was expecting a bigger move. But my psychology got doomed and I was expecting a bullish move after 9:30 am open, against my bearish bias of the day.
Here is the 4-hour scenario,
Trade setup: 19th June, 2024
No trade due to bank holiday.
Trade setup: 18th June, 2024
The bias for the day is not clear. Therefore, the only thing I can do is to mark the 4-hour PD array with BSL and SSL before 9:30 am (UTC -4) market open.
However, the 8:30 am (UTC -4) news already swept the old high which implies the market is most likely to take the SSL after market open.
Here is the , 4-hour overview of the market,
Note the 4-hours Pd arrays. The BSL and SSL in this higher timeframe chart.
Here is the 1-hour TF chart,
Have a look at the damage done by the 8:30 am news . The almost equal lows indicate a lots of Sell side Liquidity (SSL) which is most likely to be swept.
Here is the 3-min entry with a target towards the SSl.
I took the entry from the 3-min FVG which gave me a RR of 1: 1.7 (which is not that great though).
Trade setup: 17th June, 2024
My bias for this day was Bullish and therefore, I was looking for a bullish entry after a manipulation downwards to the 4 hour OB.
The 4-hour market overview looks like this. Where the BSL and SSL are marked before 9:30 am (UTC -4) market open with the 4-hour bullish Order Block.
The 1-hour gave us a much precise view of the price action for the day. Once the market open, the 9:00 am candle manipulated and took the SSL and tapped the 4-hour OB to continue its bullish journey.
The 3-min gave me an iFVG for a entry but I took a much aggressive entry on the 1-min TF and targetted the BSL.
The entry in 1-min TF was triggered as soon as the 1-min iFVG was covered and it gave me a sweet 1:2.5 RR trade.