Notes on Nas 100 Chart Analysis

Market Analysis

• Analysis focuses on potential market movements based on previous supply levels.
• Target price set at 19,683.20 due to prior market rejections at this level.
• Historical behavior suggests high probability of future rejections at this price point.

Trade Execution

• Trade initiated with a position size of 0.15.
• Stop Loss (SL) and Take Profit (TP) levels set for a 1:1 risk-reward ratio.
• Two scenarios considered:
  • Market pushes up to another mitigation level before dropping to TP.
  • Importance of patience emphasized while waiting for market developments.

Trade Documentation Challenges

• Difficulty in documenting trades due to time constraints.
• Importance of maintaining a trading journal for tracking profitability and consistency.
• Reflection on previous mistakes to improve future trading decisions.

Market Structure and Analysis

• Monitoring price behavior around a certain low; anticipating potential break points.
• Commentary on market range indicating a possible head and shoulders structure:
  • Left shoulder
  • Head
  • Right shoulder
• Observing liquidity injections as a possible indicator for future price movements.

Profit Management

• Decision to lock in 7,000 in profits to secure gains regardless of market direction.
• Discussion on the potential for further gains and setting daily profit targets:
  • Aim for at least 10,000 by the end of the session.

Community Engagement

• Mention of a free trading community for sharing daily trading setups and predictions.
• Call to action for interested individuals to DM on Instagram or Telegram for access.

Final Thoughts

• Acknowledgment of potential market behavior as it approaches the weekend (Friday).
• Reflection on securing profits, concluding with a successful 10k gain for the day.
• Closing remark: "Peace and love."