Traders Laboratory - View Single Post - Trading the Nasdaq-100 (NQ) Futures
View Single Post
  #21 (permalink)  
Old 07-08-2007, 10:16 AM
glenbee glenbee is offline
glenbee has no status.

 
Join Date: Mar 2007
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Re: Trading the Nasdaq-100 (NQ) Futures

I thought I would post the TS price distirubtion chart that I am currently using to determine upward support/resistance/price targets as the NQ proceeds to higher ground. The chart depicts the price distributions that developed between June 27th and July 16th 2001. The blue line is the 2009.75 high that was achieved last Friday, the magenta lines are what I consider to be general resistance/target levels based on the way I eyeball the charts (they are judgemental but have worked exceedingly well for me in the past) and the cyan lines are virgin P-O-Cs/targets.

When the 2110.5 level is broken I will have to refer to the price distribution charts from April 18th to May 16th, 2001 for additional support/resistance/targets. To the best of my knowledge TS does not price hisotrical NQ data prior to March, 2001. I suppose I could review pre-March, 2001 NDX.X charts to give me a general idea about what I might expect but this could get complicated. If anyone has any thoughts for a work-around it would be appreciated.
Attached Images
File Type: jpg NQ MP 6-7 2001.jpg (186.1 KB, 23 views)

Reply With Quote