Thursday, September 18, 2008
tomorrow's market price action predicted today (NDX, QQQQ, NQ, QID Trading)
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tomorrow's market price action predicted today (NDX, QQQQ, NQ, QID Trading)
The plan in my head (without looking at anything is this):
If it gaps down tomorrow (Thursday), buy it. If it opens where it closed today, buy it at first signs of a day bottom after yesterday's low is broken (if low is broken in first hour of trading) by one 1/5 of the daily range.
This is assuming you will take your profits same day.
Nasdaq 100 is the area most well positioned for an up move.
I left orders according to what is above in case I cannot follow the market in the morning.
The plan in my head (without looking at anything is this):
If it gaps down tomorrow (Thursday), buy it. If it opens where it closed today, buy it at first signs of a day bottom after yesterday's low is broken (if low is broken in first hour of trading) by one 1/5 of the daily range.
This is assuming you will take your profits same day.
Nasdaq 100 is the area most well positioned for an up move.
I left orders according to what is above in case I cannot follow the market in the morning.
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