Wednesday, July 13, 2005


2005072 1) EMA 15=1547 30=1541 60=1532. 2) Consolidation trade the da before 3) Rnge 1553-1558 5 NQ pts. Looked for breakout trade, first arrow denoted trade short, although the mov avg was in the way. Trade failed. 2nd arrow shows long trade n upside which also failed. The real breakout came later. This is an example of rangebound trade in narrow range, not condusive to this system. Posted by Picasa

NQ daily chart

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