Monday, October 12, 2009

10/12/2009 9:50 am update: NQ


  • my NQZ09 offer of 1733.50 was hit during the overnight session...
  • this trade: +11.50 NQ points/contract, 1 contract closed...
  • the historical trades are now being correctly displayed on the above 15M chart...
  • since that order filled, i began bidding 1726.50 for 1 contract, hoping for it to fill prior to the regular sessions open or by 10 am...since this order has not filled, i am pulling it...
  • i am flat the NQ, with no bids and no offers...this is pretty rare for me....
  • the ES is trading at 1076, which is resistance from the prior swing high...the NQ is trading at 1735, which is about 1% below the previous swing high resistance, demonstrating rw...
  • if the ES manages top keep moving up above the 1076 pivot, i would expect the next target to be the round number 1100...YM is trading around 9865 and is quickly approaching 10,000, which could also act as a resistance area for the market as a whole...
Disclosure: no positions in any securities mentioned.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk**

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