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Looks like a big bear flag forming on the NQ.....maybe we see 2100 considering the 5 day average range is about 24 points. Just a thought.

Cx, Just a helpful hint.... ES traders love to fade a 50% retrace. It happens all the time...many times right to the number. Just another tool if it helps.

You could do it either way. Depends on your risk profile. Waiting for 1 HH and a PB with a HL preferably around the TL would be ideal though.

Try using the TL from the Head to the shoulder...I'm waiting for a PB to the TL then see what happens. I take too much heat taking the breakouts sometimes.

Thanks BB. Looking at either a DT or an IHS on the NQ. Wait and see how it plays out. :)

Anek, Is this what you mean?

Got a piece of it.....out on the test of yesterday's low. :)

Crap! I completely whiffed on that DT! Normally I'd have been a little more aggressive. Was looking for a little pullback and short entry but didn't find anything that fit my risk profile. Ah well....hope some of you guys caught it! :)

DT, Check out the NinjaTrader Support Forum @ http://www.ninjatrader-support.com/vb/index.php I downloaded a indicator named "Scalper" from the file sharing section. I'm gonna give it a try and see if it has any value. Apparently it paints the candle (or bar) after 3 higher closes or 3 lower...

How would you have done in the ES/ER today?

I'd like to see that bust out to the upside....I'm not comfortable with all the support levels below to short it.

NQ is coiling...HL's/LH's.

Agree 100%! On entry, my target was HOD....price action dictated the exit.

Out @ +3 points on TL break...NEXT!

Yeah I read it as a DB on the gap close and a break of the TL. Long at 2115.50. Might take a little heat for the late entry but wanted to see it close above 2114.50.

http://www.trading-naked.com/JerrysDragonPattern.htm

Yeah, I fell asleep on that one. I knew we'd see a reaction near yesterday's close, but damn, didn't see that move coming!

Do you enter on a breakout of the back?

And his nephew is Joey Harrington....NFL QB.

My intentions are not to talk you out of any trade but just throw in the fyi.... 2100 should be a reaction area with a bounce. Just wanted to give you a heads-up.