Nasdaq 30 min
The market traded above both moving averages.
Buy at support using 1 min chart.
The support would be
- launching level on 30 min chart
- Yest high
- day's low
- yest close
- VWAP - vwap, -1sigma, -2 sigma
Gold 30 min
Gold has been bearish trading below red moving average.
It looks like the red moving average is the resistance.
The market did not reach the red moving average intraday.
Crude 30 min
The market is bearish, blue moving average trading below red moving average all day long
Nasdaq - 1 min chart
Even though 30 min chart shows the bullish bias, it traded below VWAP all day long.
The places to go long were
- 30 min support area
- yest high and close
- intraday support
Gold- 1 min chart
Gold market was bearish on 30 min
The good places to go short were
- +1 vwap
- 200 ema
Crude- 1 min chart
The crude is bearish on 30 min chart
Good places to go short on 1 min chart were
- intraday resistance
200 ema was not good area to go short. If you combine it with clear intraday resistance would work well.
What I learned
Mistake - I went long Gold even though it was bearish.
Don't do counter trend trades for now.
If the market won't go in my direction in 5 min or so, just get out. Especially Nasdaq