Here is how I trade NQ. This is a long only strategy. Stop Loss : 2 pts. Target: 8-9 points. Set-up: 1 Min chart and 5 Min Chart with 4 period High-Low Price Channel. Entry: Step 1: Price needs to go below 4 P low. Step 2: Wait till you get a bar that does not make a new low. Step 3: Price needs to go below the previous low from Step 1 and has to be a down bar. Step 4: Wait till you get a bar that does not make a new low. Step 5: Look at the 5 min chart and make sure that the low from step 4 is above the 4 P low on the 5 min chart. Once all the conditions are met buy at 0.5 above the low from Step 4. Stop Loss: 2 points Target: Low of 5 min chart + 10 points. Trailing Stop: Once price goes above the high on the 5 min chart, your stop will be the low of 5 min chart. Here is an example. This is from yesterday and it is the June contract. All times are CST. Step 1: At 13:24, the low is lower than the previous 4 P low. Next 2 bars make a lower low. The low is 1477.25. Step 2: At 13:27, price DOES NOT make a lower low. Step 3: At 13:31, the low (1476.75) is below the previous low (1477.25) from Step 1 and the bar is a down bar. Step 4: At 13:32, the price DOES NOT make a new low. Step 5: Now let's look at the 5 Min chart and make sure that the low 1476.75 is above the 4 P low. Step 5 Contd: The current low is 1476.25 which is lower than our low of 1476.75. This is our entry signal. Buy-limit 1477.25 Stop: 1475.25 Target: Current 4 P low (1476.25+10) = 1486.25 The chart below shows what the market did. There were 2 set-ups this morning. The first one was at 8:28 CST and the second one was at 12:16 CST and both were profitable.