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.