breaking down on 5m chart and moved stop to BE plus a few ticks. may end up a scratch but not a loser.
if target is hit, that'll be it for the week and will end on high note. 15m 'til the open so i will have to exit before target if it isn't hit a few minutes before the open but so far it's still on.
settlement price is 9624.25 so it'll be interesting to see if that level is reached with me still in the trade.
denied! out @ 9583.50 for scratch plus a couple ticks. a good week with 91.67% wins and 5.31 profit factor. depending on where the close is today i may have an opportunity to enter on a longer term swing on daily time-frame at market open on Sunday.
took short on first pullback of this down move (to prior session low zone = orange line) for 120 ticks (1.5R).
FINALLY got a good pullback and am long 2 MNQ @ 9118.25. Trying something a little different with this one in that I'm trading off the daily but managing the trade on lower time-frame charts. The horizontal lines are near term support and resistance and the green and blue towards the top are dynamic profit targets. Yes, this trade could last a couple daze if I manage it right. The profit targets will change with each day as they are volatility based and the exit is at session close should the target be reached. If that were to happen by end of day tomorrow this trade would be worth 1.7 - over 2K.
here's a screen shot of a quad grid on TOS that has basically the same moving averages as the daily chart (standard stuff EMAs and SMA 200) and floor pivots. the time frames are 5,15, 30, and 60m. notice how they're flying in formation. for how long is anybody's guess but if there are enough participants that are on the same page as me then i might stand a chance at hitting one of those targets.
there's a lot to overcome to get to those targets so i will just have to manage the trade best i can. anything can happen and there's a lot of fear in the market these daze.
stop plus a couple ticks got hit early this a.m. but another setup occurred so i'm back in @ 9138.50 news / reporting for today (economic calendar) and earnings.