NQ buy from yMean

NQ breakout

NQ reversing up

We've seen a good downward move on NQ for last few days but it is reversing up.

No O/B no problem, just sell with price action and ticks

This LTF chart is part of bigger 60minute Reversal set up. ETF was already OB-. So look to sell with LTF (T400) for NQ.

Usually, it should be taken at OB and/or meanlines. But this time, there is no OB on T400. Cycles became weaker and weaker. H1, H2 and third time testing H1 level.

At that time, T100 was OB- and already weak.

Therefore, take 'reversal short' at T100 OB- and broke with down bars below vwap.

Yes, it went down as low as 1421 ( from 1438, so +17pts, 68 ticks move).

Directional Cycle Swing

60Minute Set UP

Here NQ100 60MACCI cycle down when crossing yM ( grey bar ).

T2000 Set Up

Wait for T2000 to OB or down, here in this case it is OB and down.

RR Calculation

This is directional cycle swing trade at

Entry = 1162.50 (vwap)

Stoploss = high of grey bar (1174.75) = 12.25pts

Target1 = Low of yesterday 1151 = 11.25pts (RR= 11.25/12.25)

Target2 = M2 @ 1142.60 = 20pts ( RR= 20/12.25)

Target3 = M3 @ 1124 (RR= 38.50/12.25)

Trade management is to set at breakeven at 1151.

INDU Bullish = NO SELLSHORT

The Path of Least Resistance

Today, all the indices were lazy chaps. I said that because they all wanted to pursue the path of least resistance. Most of them were below the pivot lines (various VWAPs) before the open except INDU which was boxed inside mean lines.

There was some potential to see cycle up in futures but INDU cash called the shots.

INDU cycles shifted to DOWN/DOWN and all of them were forced top down.

Market Internals were bearish since the open and that really set the tone.

VWAP ENGINE : 2 days to auto trading

This is today's trades from VWAP engine. It is still being refined and will be automated in two days' time. It produced a total of 3 trades today- of which 2 were winners - second trade ( a loss ) was due to programming glitch which had been corrected.