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📁_$NQ_F // Yesterday’s Plan in Review

189 points from my plan to get long “as close to H1 EMA50 as possible”. When you get that dip and your edge sets up, you don’t argue with price, you get long. We did, everybody in the group that was awake followed, and it was a blessing, because what followed was balance as buyers and sellers exchanged bags over the course of the next seven hours before price reclaimed H4 EMA9, backtested and took off. That was the level 2 reclaim and backtest.

Every day I send out a Three Level Hourly Plan as a roadmap for the coming session. Here is a copy of yesterday’s plan. Trade recaps and journal were sent with yesterday’s closing update.

📁_$NQ_F // For the Coming Session

I contrive my daily trade plan from my signature Dynamic Trend Following system, with the EMA Dance concept leading the way.

People were shorting yesterday. They always do that. People that don’t understand trend. Others were selling in anticipation of a correction. I once read that more money is lost (or missed out on) by anticipating corrections than is lost in the actual corrections. You have to look at price historically. When a trend ends, it has to turn before it reverses. Even the Dotcom ‘crash’ gave more than six months worth of consolidation before finally flushing. We are in a weekly EMA50 consolidation, and price reclaimed W1 EMA9 this week. That is a buy signal…

I did mention yesterday that the “easy part of the rally is done” and that “we should expect some healthy profit taking after such a strong advance”. I also mentioned that “H4 still had to complete its uptrend structure with a third H4 EMA9 push”.

That is exactly what we got. Now, the advance has been so strong that we don’t need the H4 EMA9 push to make another higher high. The wave may truncate here for a lower high and start the turn.

The turn has started. When H4 EMA9 is lost now and buyers find acceptance below H1 EMA50, the only thing that truly matters is that H4 EMA50/D1 EMA9 support price.

For today, the plan is to play the uptrend, then manage the turn when H1 EMA9 is lost again. My Three Level Plan to lead the way. In broader terms, we have a setup. The questions is if money rotates back into tech now, and then tech charges to a new ATH, or if we spend more time at these levels.

Here is the setup chart, detailed hourly plan with levels in today’s paid section.
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