Monday Holiday: Looking for sideways overnight
Expecting NQ to move side ways to the next lower Gann line, but it could drop right on the open. If it does drop I expect yesterdays high to hold near the Gann line. This level has got a lot going for it. It was the two previous sessions' high and the P.O.C for the day three days ago. Lots of volume( and therefore money) was put in here so there will be some effort to hold or regain the level should it fall. If it does pullback that far I will try to go long there.
Trade active:
Going long from yesterday's high. Stop in tight. Looking to stop out and reenter if it breaks lower rather than swing down holding.
Trade closed: stop reached:
2 point stop reached
Trade active:
Long again from 15670.5
Comment:
the 670s range looks to be a battleground.
Comment:
7 points itm. I'm looking to hold to session's P.O.C or maybe even yesterday's P.O.C.
Comment:
Stop is holding 50% of profits so far
Trade closed: stop reached
Comment:
Looks to be consolidating. Session P.O.C is now pulled down to price. I think it's going to chop around for a while. Gonna take a break a make a new idea later
Comment:
Dropped farther faster than the original idea, but overall was not a bad thesis and payed out well.