20050819 Daily chart 

NQ daily chart

20050819 1) EMA levels 1581.50 1582 1583.50 2) Consolidation trade into previous day close 3) Opening 30 min range 1577-1581.50. NQ broke upside but no trade was taken because the moving averages were in the way. Downside break came near the close, precluding the short trade. NQ has been tight range for past two days, coiling the spring for a powerful breakout either side next week. 

NQ daily chart

20050818 1) EMA levels 1588 1589 159.50 2) Strong trade into previous closing 3) Opening 30 min range 1577.5-1582. No trade as the upside breakout was limited by the moving averages and the narrow first 30 min range. 

NQ daily chart

20050817 1) EMA levels 1589.50 1592.50 1595 2) Strong trade into previous day's closing 3) Opening 30 min range 1580.50-1586. Was looking to counter the breakout trade, even though the range was only 5.50 NQ points. First one yieled profit, with the second stopped out. 

NQ daily chart

20050817 Shows an inside day pattern, which points to breakout trade either side. 

NQ daily chart

20050816 1) EMA levels 1602.50 1600 1600 2) Strong trade into previous close 3) Opening 30 min range 1595-1601.50. Trade was to short the bredak on the downside with both targets hig. 

NQ daily chart

20050815 1) EMA levels 1592.50 1593 1595.50 2) Consolidation trade going into previous da close 3) Opening 30 min range 1591.50-1596. First trade short the downside break stpped out, with reverse long breakout trade hitting both targets. 

NQ daily chart