Nasdaq Futures Review and Trade Breakdown Hey everyone 👋, happy Wednesday! It’s October 22nd, and here’s today’s detailed market review for the Nasdaq Futures (NQ). 📊 Hourly Chart Overview I always begin my day on the hourly chart. It’s a clean timeframe that gives clarity on market structure without all the noise of smaller charts. Today, price action opened near the VWAP, with Asia session marked in yellow and the U.S. market open in green. The market initially found support and pushed higher—about 120 points from 25,225 to 25,345—but couldn’t break above the previous day’s highs. Over the last 36 hours, price has consolidated within a tight range between 25,200 and 25,350. After Monday’s strong rally, I expected either continued consolidation or mild weakness—and that’s exactly what we saw. Sellers stepped in above the open, and we dropped aggressively through the morning session. 🧭 Market Structure and Resistance Zooming out, the chart reveals lower highs since Monday, clearly signaling a downtrend. We’ve been repeatedly rejected around the 25,400 area—a key resistance zone that dates back to last Friday’s reaction to tariff-related news. Unless something changes, I don’t see new all-time highs anytime soon. Short-term resistance remains around 25,350–25,400, and potential support could emerge near 24,500, about 500 points below current levels. 💼 Trade Review and Execution I began the session short-biased, entering my first short position just before the opening candle. My initial stop was tight, roughly 10 points above entry, as price remained below VWAP—a strong indication of bearish momentum. The first trade broke down beautifully for roughly 50 points, though I exited earlier than ideal. Hindsight shows I could’ve added into strength or held longer, but I’m content with the discipline shown. A few trades later, I was stopped out on a counter-trend long attempt—small loss, no problem. My next sequence included shorts around VWAP rejections and a few small scalps on the long side, but the main lesson today was to hold winning trades longer when the setup aligns with the dominant structure.

Today’s trading session offered some valuable lessons on patience, bias, and sticking to the plan. The market opened weaker than yesterday, setting a different tone right from the pre-market session. Unlike Monday’s strong recovery and upward momentum, Tuesday’s price action struggled to reclaim previous highs — a sign that sellers were likely to dominate. 🕒 15-Minute and 5-Minute Chart Overview At the open, prices pulled back to the VWAP (Volume Weighted Average Price) and failed to reclaim prior levels. The moving averages on both the 15- and 5-minute charts pointed downward, signaling short bias. I entered my first short around 25,292 and took about 18 points of profit before price found short-term support. While that trade worked well, impatience crept in soon after — I re-entered too quickly and missed the next stronger move down. ⚡ 1-Minute Chart Execution and Mistakes On the lower timeframes, I entered long prematurely, hoping for a bounce, but ignored my original bearish plan. Ascending wicks and weak buying pressure should’ve reinforced the short bias. This early long trade cost me both points and focus. Once I realigned with my thesis — that price was showing weakness below VWAP — trades began to improve again. A later long from 225 to 270 was clean and helped recover earlier losses. 📊 Lessons from the Session The key takeaway today: patience pays. My initial analysis was correct — this was a day for short setups. However, getting caught up in the one-minute noise led to unnecessary trades. Had I waited for confirmation and trusted the higher timeframes, I could’ve capitalized on the late-day drop that played out exactly as expected. For the day, I ended slightly positive overall. Hit rate was 50%, compared to 82% yesterday. The evaluation account is up about $560 over the last three days — steady progress despite today’s back-and-forth action. 💡 Final Thoughts Trading isn’t just about entries and exits — it’s about discipline and emotional control. When the plan says “short,” don’t let small pullbacks trick you into going long. The best trades come when bias, timing, and patience all align. Tomorrow, the goal is simple: trade less, wait more, and execute with confidence. 🚀

Hey everyone! It’s Monday, October 20th, and here’s the full recap of how the markets shaped up today — including setups, trade management, and key takeaways. 📊 Pre-Market Overview Heading into the open, the hourly charts were showing strength after a week of indecision. The 25,000–25,050 level had acted as resistance multiple times last week, and overnight price action hinted at a possible breakout. With strong buying pressure closing out Friday’s session, I came in looking for continuation toward all-time highs. Support had been well established around 24,500, confirming a solid base. On the five-minute chart, I spotted a clear cup and handle pattern forming between 25,025–25,050. Volume was building steadily — a strong signal that buyers were loading up before the breakout. My pre-market thesis: a push above 25,150 could unlock another leg higher. 🕕 Early Setup & Execution As the bell rang, momentum built quickly. Once price broke above the moving averages with volume confirmation at 25,140, I entered long. - First exit: 25,167 - Second exit: 25,200 After a minor pullback, I re-entered near 25,190, adding size as we broke 25,204 with rising momentum. My initial read on direction was accurate — but my timing could have been better. I entered slightly early before the second leg fully confirmed, which cost me a few points of profit and confidence in scaling larger. Still, price respected structure perfectly: higher highs, controlled pullbacks, and smooth continuation. ⚙️ Chart Behavior & Lessons Learned The two-minute chart provided a clear roadmap: consistent higher highs and higher lows, confirming an uptrend. Each pullback into the 8 or 20 SMA found immediate buyers. The market was rewarding patience — and I could have improved results by waiting for those retracements instead of chasing small breakouts. The 15-minute chart later confirmed multiple buy signals. Holding from 25,140 toward 25,300 would have been ideal, reinforcing the importance of trusting higher timeframes once early entries prove directionally correct.

T'was a good day in the account! I played the open today in what turned out to be consolidation for the first 45 minutes of the session. Price stuck in a 45 Point Range until eventually opening up to the downside and a strong downtrend after daily key levels were broken. I missed the main move down unfortunately, but was still able to keep the winning streak alive at 13 profitable trading sessions in a row.

Had a great little 45 Minute session today, and was able to take out $200 from the market. The Marco uptrend was in play today, with the initial fall out of the open creating a sound opportunity to get long. The pullback proved to just be a micro pullback on the 15 minute SMAs, and price lifted with authority off of the ORB low at 25110....(10 Algo Level).