The Nasdaq 100 (NQ1!) ATR Says It's Due For A Fall
Everyone can see the Nasdaq 100 is extended. Heck, the index has added nearly 1000 points in only the last few weeks. But despite the price strength, we have a sign/signal that the mighty may be ready for a fall.
The 7-Day Average True Range (ATR) of the Nasdaq 100 Futures Market (NQ1!) hit the lowest level of year, and is down over 60% since May 20. I've linked to a related Video Idea on ATR below.
How we're expressing a short idea:
Keeping it simple. When the NQ1! hit 15670, we bought the QQQ Sep10w 375 Puts for a 1.02 debit. We'll likely spread if the trade moves in our favor this week. Risk is 50% of premium paid regardless of underlying so we stop out around .50
The 7-Day Average True Range (ATR) of the Nasdaq 100 Futures Market (NQ1!) hit the lowest level of year, and is down over 60% since May 20. I've linked to a related Video Idea on ATR below.
How we're expressing a short idea:
Keeping it simple. When the NQ1! hit 15670, we bought the QQQ Sep10w 375 Puts for a 1.02 debit. We'll likely spread if the trade moves in our favor this week. Risk is 50% of premium paid regardless of underlying so we stop out around .50
Transaction en cours
Sold 25% 375P at 1.45 +40%Transaction en cours
Sold 25% 375P at 1.75 +70%Transaction en cours
Added heavy, 9/3 .77 - don't do this at home. :)Transaction en cours
Reduced at .80 for a scratch on 50% of add. Still long 50 contracts avg .65Trade fermée manuellement
Well, we got some selling today.
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✅Let's trade futures live together using the TradingView platform: tradersdevgroup.com/ptr-trial/
Use Code: TDGFANATIC for 80% OFF!
✅Let's trade futures live together using the TradingView platform: tradersdevgroup.com/ptr-trial/
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
👉 Grab a futures demo account with real time data: tradersdevgroup.com/apex
Use Code: TDGFANATIC for 80% OFF!
✅Let's trade futures live together using the TradingView platform: tradersdevgroup.com/ptr-trial/
Use Code: TDGFANATIC for 80% OFF!
✅Let's trade futures live together using the TradingView platform: tradersdevgroup.com/ptr-trial/
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.