Watch those flags
Hi everyone !
I don’t pay attention to a lot of chart patterns, but flags are one of my favorites.
This was a big bear flag on NQ. The target was hit at 5612.75 which is 175.5 points from first resistance.
Category Archives: NASDAQ E-Mini Futures
Hi everyone,
Our new venture, Bottom Line Trades, is coming along well 🙂
I wanted to share 4 trades from this week, that as of this post, are showing a profit of +$19,555.00
(CL) Crude oil trade: http://stocktwits.com/message/57548920
(TF) Mini Russell trade: http://stocktwits.com/message/57548871
(NQ) Mini NASDAQ trade: http://stocktwits.com/message/57548831
(ES) Mini S&P trade: http://stocktwits.com/message/57548818
You can see all our charts that are posted publicly here: http://stocktwits.com/BottomLineTrades
If you’d like to achieve results like this on a consistent basis, feel free to contact us for more information:
http://www.thefibdoctor.com/contact-thefibdoctor/
or http://bottomlinetrades.com/contact/
Thx,
dave
A “float-back” is my favorite set-up and has a high percentage of being a profitable trade.
Here’s the way to play it:
- I prefer a 4 hour or daily chart.
- When price goes well beyond an entry level, sit still and watch.
- As price “floats” back into the short or long zone, this is your entry.
- As always, use an appropriate stop. That’s it !
In the 4 hour NQ chart below, you’ll see how price dropped well under the 4379.75 support level but eventually started to float back towards the support level. Once it got there, take your entry long. In this case you would currently be +40 points simply by being patient.
E-Mini NASDAQ 4 hour chart
NQ 4 hour chart
Thanks,
Dave
$ES_F $TF_F $NQ_F $YM_F $DX_F $6E_F $GC_F This week's comparison chart. http://stks.co/r1Njy
— David Busick (@TheFibDoctor) Jan. 30 at 05:04 PM
$ES_F $TF_F $NQ_F $YM_F $DX_F Video for 4/9/2014 > http://stks.co/e0QSu
— David Busick (@TheFibDoctor) Apr. 9 at 05:43 PM
$NQ_F 4 hour chart. 3705 target hit at 5 am and has held as res. so far. http://stks.co/c0LXC
۠David Busick (@TheFibDoctor) Mar. 19 at 08:52 AM
All the futures are in synch now with upside targets.
If you have any questions, e mail me at [email protected]
Thx,
Dave
You’ve probably noticed I’m no longer sending out the ES draws in the morning. The ES, at one time, was a great vehicle to trade but with the onslaught of HFT, super computer trading, etc it quickly became my least favorite instrument to follow.
I still sent out the ES info. in the mornings for well over 2 years but it’s come time to focus more on what I consider 2 of the most profitable instruments, the $TF_F and the $NQ_F. If you don’t trade these, I would advise you to give them a look.
I’ve also made changes to our group’s trading room that have helped us all become even more profitable. I’ll be doing a free day in the room soon to highlight those changes.
Thx,
Dave
Click here for a chart of the ES
Click here for a chart of the TF
Click here for a chart of the NQ
Click here for a chart of the YM
Nat gas still holding current target
If you have any questions, e mail me at [email protected]
Thx,
Dave
This past Thursday China’s flash Markit/HSBC Purchasing Managers’ Index (PMI) came in at 49.6. When this number drops under 50, it signals an economy is no longer expanding. This appeared to be the catalyst that triggered the US markets pullback. And I think that’s all it is, a normal pullback.
Nat gas has ripped through the $5 level on the deep freeze sweeping the country. (2 charts below)
Click here for a chart of the ES
Click here for a chart of the TF
Click here for a chart of the NQ
Click here for a chart of the YM
Click here for this week’s comparison chart
Click here for the long term NG chart
If you have any questions, e mail me at [email protected]
Thx,
Dave
QR Code
