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u/OpinicusTrades
4 days ago
Stock Index Futures
1.5R in NQ this morning, using a straight forward long setup (full breakdown)
I am a futures trader who primarily focuses on Nasdaq (NQ). This morning's setup showed a gap lower, with a sideways structure developing just before the regular market open.
With this context, one of my favorite setups involves price looking beneath the overnight low and quickly reclaiming, which I call a spring setup. The spring setup did not materialize, as price spent too much time beneath the overnight low (ONL). When that happens, my game plan is to wait for a reclaim and retest of the ONL for a long entry, targeting the session highs and beyond.
This is one my favorite high probability setups and provided a solid 1.5R today.