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FlukeTrading
Jan 26, 2022 10:46 PM

NQ (NAS100): simple positional theme trading Long

E-mini Nasdaq-100 FuturesCME

Description

hi, hello fellow traders,

two areas were highlighted on the chart, to spot the attention to the possibility that local bottom just took place.

all in all, after that local bottom is created and calculation of the magnitude of the downside that brought us to that local low, target for the long set @ 15055.50

strategy: scale in (== refill) scale out (== book partial gains) as long the target did not reach. trade the LONG side of the market.

when target is reached, we will look further.

good luck

Trade active

STOP is a trailing now @ 14500
1st target 15055.50 as showing on the chart
2nd target 15360
final target beyond the moon in case the down move transform into an event and not into trend

I hope you all made good gain,
good luck furth

Trade closed: target reached

all closed @ 15205

now, looking for the next trade setup
Comments
relievedAntelo893
Nice analysis. I share your view - check out my analysis as well!
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