Biggest Single Contract Win Yet
Hello and Happy upcoming Independence Day! I just wrapped up my morning and I had to share my trade from this session on MNQ. It was my single largest win in terms of points, and I don't really have anyone to share it with so I wanted to make a post.
The trade idea was stemmed from ES being so close to its previous day high, and NQ being quite a ways below its previous day high, as well as Semi's starting to look weaker the last couple days. My thinking was off the open, if I saw ES push higher and take that previous day high, while NQ looked weak and failed to sweep the 8:30 high, I would look for shorts.
Well off the open, ES ripped hard and swept that previous day high, and NQ tried pushing higher but was considerably below the 8:30 high while ES was sweeping, so I got short 2 MNQ on a bearish 5m FVG nested at the .705 fib level from the 8:30 high price leg. After NQ showed more weakness and started to break lower, I added one more short as it retested the bearish FVG.
Overall I was targeting the London Low as my full target, but also was considering the fact the markets are closed tomorrow for Independence Day, making today a pseudo friday, and was wondering if NQ would want to just sell off into the close.
So I took some partials around the 9:30 low, then tried to hold a runner for as long as I could, and ended up getting stopped out for 500pts, which is my single largest MNQ point win.
I've been trading futures for about 4 years, and this felt pretty awesome and I just wanted to share. Thank you for reading and have a great 4th of July weekend!