June 24, 2024 NQ Turtle Soup Short

June 24, 2024 NQ Turtle Soup Short

Good Morning Introduction

In this section, the speaker introduces themselves and discusses feeling unwell due to potential blood sugar issues while expressing interest in trading on the NASDAQ.

Speaker's Health and Market Interest

  • The speaker mentions feeling unwell, attributing it to potential blood sugar issues.
  • Expresses interest in trading on the NASDAQ, particularly noting a safe buy side and sell side imbalance.

Trading Strategy Analysis

The speaker delves into their trading strategy analysis on the NASDAQ, focusing on key indicators and entry points for short selling.

Short Selling Strategy

  • Identifies inversion P Gap as a key indicator for short selling at specific time points.
  • Sets stop loss at a high point to manage risk during short selling.
  • Observes rejection block patterns for additional short entry opportunities.

Volume Imbalance Analysis

The speaker discusses volume imbalances as a crucial factor in decision-making during trading activities.

Importance of Volume Imbalance

  • Emphasizes volume imbalance as a significant aspect of trade flexibility and risk management.
  • Considers price movements relative to volume imbalances for strategic decision-making.

Inversion Fair Value Gap Concept

The speaker explains the concept of inversion fair value gap and its implications in trading strategies.

Understanding Inversion Fair Value Gap

  • Defines inversion fair value gap as a critical element influencing trade decisions.
  • Differentiates inversion fair value gaps from traditional theories like quarters theory for more effective trading approaches.

Trading Analysis and Strategy Insights

In this section, the speaker discusses their trading strategy, focusing on specific price levels and market movements to inform their decisions.

Analyzing Price Movements

  • The speaker mentions having experience in trading and aims to hold for a target at a lower level to reach a longer-term goal.
  • Emphasizes the importance of gravitational draw on price and predicts potential acceleration downwards if the algorithm indicates further decline.
  • Looks for significant downward movement through big down candles to confirm reaching the 926 level or lower, setting limit orders accordingly.

Market Observation and Engagement

  • Expresses satisfaction with current market movements, highlighting positive indicators such as spreading wings.
  • Clarifies the absence of comments in videos due to banning individuals who question it, particularly those not subscribed to the channel.

Trading Strategy Execution

  • Adjusting limit orders based on market conditions and ensuring scheduled actions align with desired outcomes.
  • Focuses on observing price behavior relative to previous candlesticks, aiming for heaviness and no strength overcoming prior bodies.
Video description

Government Required Risk Disclaimer and Disclosure Statement CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Trading performance displayed herein is hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance trading results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person’s investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. If you purchase or sell Equities, Futures, Currencies or Options you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice in order to maintain your position. If you do not provide the required funds within the prescribed time, your position may be liquidated at a loss, and you may be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a “limit move.” The placement of contingent orders by you, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.