20050812 Daily chart. Possible that today was an ID (Inside Day) setting up a breakout swing trade either up or down. 

NQ daily chart

20050811 EMA levels 1602.50 1604.50 1607 2) Consolidation trade into previous day closing 3) Opening 30 min range 1591-1597.50. Trade was to long the upside breakout with bth T1 and T2 hit. 

NQ daily chart

20050810 EMA levels 1606 1605.50 1606.50 2) Consolidation trade into previou closing 3) Opening 30 min range 1609-1614.50. First upside breakout trade stopped out. 2nd short trade on downside (arrow) T1 and T2 hit. 

NQ daily chart

$MNX Oct/Aug 160 put time spread play

Today the bid n the spread is 1.40.

NQ daily chart

MNX directional option play

Some time around mid july, I had an idea that the market was about to make a correction. So I looked around for a position to take advantage of this view. I decided to pull up the $MNX index that tracked the Nasdaq market. So I decided to do a time put spread. Buy the Oct 160 put and sell equivalent August 160 puts. Hardly anyone traded the Oct contract, but using IB (Interactivebrokers) TWS, I pulled up the spread combination and got the spread quoted at 1.60/2.00. So it was easy to execute this illiquid spread if you were willing to pay 1.95 or 2.00 for the spread. Note the $MNX chart above shows how the market did break down, as expected.

NQ daily chart

20050808 1) EMA levels 1611 1614.50 1616.50 2) Consolidaiton trade into close previous day 3) Opening 30 min range 1606-1611.50. Trade #1 (first arrow) long the breakout to the upside stopped out. Trade #2 short downside breakout took some heat, but eventually hit both T1 and T2. 

NQ daily chart