20050624 Daily chart emini NQ. Chart shows shamu short pattern in progress. Targets the next support area 1594, the 34 ema. 

NQ daily chart

20050624 Op 30 min range 1522-1529, 7 NQ points. With range less than 10-12 NQ points and mov avg above the range, the short on the breakout of this range on downside was the trade to take (arrow). Went on to close near low of the day. 

NQ daily chart

20050624 Setup

20050624
20 ema 15 min=1538.00 30 min=1541.00 60 min=1543.00
Last 1.5 hours trade wss strong close pattern.




Look for a big opening 30 min range of greater than 10 NQ points and counter trend price action bar at least 2 NQ points above the high or below the low to counter any breakout of the op 30 min range. Better still the mov are against the breakout.

NQ daily chart

20050623 NQ Daily chart 

NQ daily chart

20050623 The op range was 1544.5-1554.5 10 NQ points, so the decision was to go counter to a break of this range. Two nice traces resulted. 

NQ daily chart

20050623
20 ema 15 min=1546.00 30 min=1547.00 60 min=1547.50
Last 1.5 hours trade wss consolidation pattern.

Going to take breakut of 30 min range, again if the bar is ess than 12 points NQ and the mov avg are not in the way.

NQ daily chart

20050622 Op 30 min range 1548 to 1554.5. Short was indicated when broke down 1548. But requires a judgment call as the mov avg were in the way. 

NQ daily chart

20050622
20 ema 15 min=1548.50 30 min=1548.50 60 min=1548.0
Last 1.5 hours trade w strong move up

Going to look for first 30 min bar range. If >10 pts can take counter trend trade, else go with breakout up or down, if the mov avg are not in the wy.

NQ daily chart

20050621 Op range 30 min was 1542-52 10 NQ points. Counter trend signal taken at the bar shown by the arrow. Bar had no tail indicating buying interest. 

NQ daily chart

20050621 Look for counter trend setup

20 ema 15 min=1548.50 30 min=1547.50 60 min=1547.50
Last 1.5 hours trade w strong move down

Looking for a counter trend setup, the best would be against the 20 ema levels after a big bar on the first 30 min of >10 NQ points. Look for a selling bar or a pivot bar on the 5 minute for the trade.

NQ daily chart

20050617 Trade was hot of break of bottom of 30 min range around 1540, which is below the 20 ems, went to 1537 about 3 NQ pts, not enough to reach target minimum o .1.5X 30 min range, no follow through.  

NQ daily chart

20050620 First 30 min breakout trade

20 ema 15 min=1548 30 min=1548 60 min=1546
Last 1.5 hours trade w consolidation.

Trade breakout if the first 30 min range (9:30 to 10 am EST) breakut above high above ma or sell low if breaks low below ma. First 30 min range should be 6 to 10 NQ pts. If greter than 10 NQ pts, pass on the trade. Target is 1.5 to 2 times the first 30 min range.

NQ daily chart

20050617 Daily pttern shows ZLR CCI buy pattern. The trigger was actually on the Thursday of the week one day before the gap up candle on Friday. A good target would to look for move back to previous high above 1673. 

NQ daily chart