Today I traded the MNQ.
Unemployment claims at 6:30 a.m. brought early weakness into the open. The 5- and 15-minute charts showed selling pressure, but support held at the 1-hour 20 EMA (24,360). From there, buyers stepped in β price broke VWAP and pushed into new all-time highs.
The first leg ran from 24,000 up to 24,550β560. After a pullback to the 15-minute 20 EMA around 24,475, price bounced again before eventually forming a triple top and selling off.
π 2-Minute Analysis
- VWAP held early, setting the opening range high at 24,460β475
- Weakness was clear: declining volume + breaks of MAs and VWAP
- Support at 24,460 held, then the hourly 20 became the low β rally of nearly 200 points
- Clean sequences of buying/selling dots showed algorithmic activity
β±οΈ 1-Minute Trade Review
- Trade 1 (7:37): Long near low β exited too early at 20 EMA
- Trade 2 (7:48): Long on hammer β closed prematurely, 60 points total with 6 contracts
- Missed short at 7:50 and exited another long too early (only 15 points)
- Missed the cleanest move: 24,400 β 24,516 in 30 minutes π
π‘ Lessons Learned
- Patience is key β exits were too early, leaving big moves behind
- Trust the context β VWAP + EMAs gave strong continuation signals
- Follow the flow β algorithmic buying/selling dots were a clear confirmation