Price Action - NQ

Today I could not see the PA on the morning because I was at the University, however when I came at home I saw that the price was around the PDH, and tried to take some trades, here are the results. By the way I lost most of the downward movement because after the discard of the first trade I went to do other things (playing FIFA :rolleyes:).

2502AF.png
 
Posted on TL: http://www.traderslaboratory.com/fo...-sla-amt-intraday-week-2-a-10.html#post196883


0930 The buyers test the UL of the ONR,

0931 Later on the Lower Limit is tested

0932 The buyers try to take control and BO to the upside --- the RET is needed in order to confirmed their willinggness

0935 Ret triggered and confirmed

0936 There were no follow through and the price goes to test the BO

0939 The BO is tested and the buyers take the price above the previous High -waiting for what happen next

0941 although a HH is done the price falls TDTDB

0943 The price falls into the range

0944 Testing the Lower limit of the ONR - BO - RET is needed

0946 Middle of the PD

0948 The sellers find demand and the price retrace

0950 Testing of the BO

0953 RET Triggered after testing of the BO of the ONR

0955 Ret discarded

0956 The price returns to the Range after a HL and a HH are done

0957 Looking at the 50% of the previous down movement from 62 - 46

0958 The price continues with the uptrend

1000 Trying to reach the day High also at the UL of the ONR

1004 May be a reversal could be traded here??

1005 the price seems to fit into the range again

1008 MP of the ONR the price rebounds

1012 Hinge

1013 the price continues the down movement

1015 the price starts a retrace testing the previous BO of the Hinge at the ONL

1017 All this action is made inside the ONTR

1021 The price is making an uptrend inside the range, but until the moment there is no enough strength

1025 At this point I would consider a big Hinge, until the moment of the day

NQ 03-15 (1 Min) 27_02_20151.png


1038 Hinge + Range = Observe and wait

1048 Closer to the UL of the Hinge and Range, Hinge redrawn taking as reference the gringo chart
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(attached)

NQ 03-15 (1 Min) 27_02_20152.png


1104 the price seems to BO from the Hinge, but is also around the MP of the ON range

NQ 03-15 (1 Min) 27_02_20153.png


1130: the price BO to the downside - Waiting for the Ret

1132: Ret triggered - waiting for the confirmation

1133: Ret discarded - HL is done

1135: The price is testing the MP of the ONR

1141: Is important to note that all the action is given within the range

1148: That is all for today, I need to do other things, here is the last chart until now

NQ 03-15 (1 Min) 27_02_20154.png
 
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