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OffTheFloorTrader OffTheFloorTrader NQ1!, D, Short ,
NQ1!: Oh so close but yet so far
39 0 1
NQ1!, D Short
Oh so close but yet so far

After two attempts at getting target #2 we failed! Bummer. That's trading and as we've heard many time, "don't be a dick for a tick", we aren't. Price came within 5 points of our target and back away. We believe price is not done testing the down side so we will hold to our plan. These small bounces are on low volume. On the next visit to the recent lows we ...

NQ1!: Rejection squeeze...with love, Aunt Janet
38 0 0
NQ1!, D
Rejection squeeze...with love, Aunt Janet

The bulls were squeezed hard on FOMC (and the day after). After many years of trading this is why we stay away from longer term trades until the dust settles. There will be more than enough opportunity to trade. Most of the indexes are at support or have broken their patterns. We expect a small bounce in the $NQ on Monday followed by more selling. An inside ...

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