Friday, October 16, 2009

10/16/2009 12:15 pm update: NQ



  • currently offering out 1 NQZ09 at 1737.75 and 1 at 1747.50...
  • these levels are derived from the trading pivots just above them on the 15M chart (1st chart), as well as the red sell line and the dark red sell line on the ATR Volatility chart (2nd chart)...
  • i think its pretty interesting how 1740ish and 1750ish are showing up as important levels on both of the above charts: trading pivots on the 1st chart and ATR Volatility levels on the 2nd...
  • the ATR Volatility levels are dynamic, change every day, and may adjust intraday when a new intraday high or low is formed...
  • new intraday lows may lower the sell levels while new intraday highs may raise the buy levels...
  • i use the ATR Volatility Band Indicator as a secondary or tertiary input when deciding upon entry and exit levels...
Disclosure: Long NQZ09.

***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 ***

No comments:

Post a Comment