Indices gapped down this morning. MNQ displayed relative strength. Shorted 10 contracts at 11646.50 where the standard deviation high (yellow line) and 3 min 21 EMA coincided with a 30 second overbought stochastic. Price shot up to close the morning gap before it started to reverse. Exited 5@11626.20 at the… Read more“Being Stubborn”
Tag: MNQ
Three Trades
Made 3 trades today trading MNQ all to the long side. Batted 1 for 3 and ended with a loss of $186. Price action off the open was strong with a large delta on the first 3 min candle as it broke the pivot of 1701.50. Bought the pullback off… Read more“Three Trades”
Take the money and run
NQ gapped into resistance on the open. I was looking to short the dynamic daily pivot (dotted cyan line) at 1559.75 (colored circle). Unfortunately it didn’t make it that high. I got an second opportunity (yellow circle). Stochastics were overbought on both the 1 min and 30 second charts. Also… Read more“Take the money and run”