Wednesday, June 29, 2005

20050629
20 ema 15 min=1517 30 min=1515 60 min=1515
Last 1.5 hours trade wss consolidation

Once again looking for the 3rd element of the opening 30 min range to be greater or less than 10-12NQ points If all 3 elements present (bar not to big, no mov avg in the way, consolidation trade the day before) look for breakut trade with targets T1=1Xop 30 min range T2=1.5X op 30 min bar stop=other side of 30 min bar Else look for counter trend trade against the breakout.

NQ daily chart

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