For every move, there is a countermove. Always. No matter how big the bar is, the next bar can eliminate it. No matter how perfect the pattern looks, one move can destroy it. No matter how sure you are about the direction of the market, you can be totally wrong (on any timeframe). This is …
Today’s session was a clinic on why the NQ is so tough to trade compared to other markets. A few points came up that I think are worth noting. Here’s a quick summary: Really should have included a shot of the daily session. Basically, by putting together such a strong session overnight, the NQ flipped …
From the old blog… Today’s a good chance to look at my favorite series of events on the NQ. I’m oversimplifying a little, but this type of action is pretty common, especially with the NQ. Here’s an example: Monday morning, price pushed up, failed, and then collapsed down in a big way. Most trading resources …