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PLAY
MNQ – opening drive - momentum continuation

CATALYST
Bullish sentiment prevailing in market. Technical setup. Price has held above Friday’s close through Sunday night and going into the open, holding above major volume area (11140)

TRADE IDEA
Price may pull back to test premarket highs (11190) , and then move higher into the next supply zone (11265-11306) or higher

SETUP QUALITY AND VARIABLES
“B”
• Technical setup only
• Market is setting up for continuation on the open and holding above key technical levels. No indication in premarket that this will move lower. NDAQ heavyweights gapping up.

PLAN
• On open, wait for price to test 11190 to get long. Monitor the heavyweights and volume for confirmation that we are holding. Take 100% profit into next supply zone (11275-1300). Stop is a break of 11190.

REASONS TO SELL
• Stopped out
• Profit target hit

EXECUTIONS AND PRICE ACTION
• Followed plan
• Trade worked perfectly

KEY TAKEAWAYS
• Very sound technical continuation play, increase core size and plan to hold runner above target when market is this strong.
• This moved all the way into the next supply zone

like a jackass I had accidentally set my profit target to zero when I was adjusting my risk settings... took an unintentional auto-stop immediately after entering. what a joker. nice setup and planning would have paid big.