20050729 1) EMA levels 1624 1621.50 1618 2) Consolidation trade the previous day closing 3) Opening 30 min range 1524.50-1525.50 5 NQ pts. First upside breakout failed. 2nd break out on the downside hit both T1 and T2.
NQ daily chart
Cronicle of trading in NQ 30 min breakout system, popularised by A Zuckerman of Realitytrader.com, WoodiesCCIClub patterns provide entries. Charts generated by Medved Quotetracker (www.quotetracker.com) Disclaimer: Nothing on this page constituutes advice to buy or sell financial instruments. The contents are for educational purposes only and are a personal journal.
20050729 1) EMA levels 1624 1621.50 1618 2) Consolidation trade the previous day closing 3) Opening 30 min range 1524.50-1525.50 5 NQ pts. First upside breakout failed. 2nd break out on the downside hit both T1 and T2.
20050728 1) EMA levesl 1611 1609 1607 2) consolidatin trade day before 3) Opening 30 min range 1616.5-1622. Two breakout trades, first one failed, 2nd one was ok, but did not reach targets T1 and T2.
20050727 1) EMA levels 1605.5 1605.0 1605.0 2) Strong closing trade 3) Opening 30 min range 1603-1608.50. Trade was to counter the downside breakdown of more than 2 NQ points. Target of half the previous move hit, although the market did continue up significantly in the afternoon.
20050726 1) Moving avg levels 1604.5 1605 1603 2) Strong close trade previus day 3) Op 30 min range 1603-1607. Trade was to counter the downside break because of the strong trade the last hour or so trade of the previous day and the moving avg levels in the way of the breakout.
20050725 1) Mov Avg levels 1606.5 1607 1605.5 2) Consolidation trade 3) Op 30 min range 1607.5-1612. First shot break out not taken because of the moving average levels in the way. 2nd long breakout signal was good, but still lacked follow thrugh to targets T1 or T2.