I had intended to offer mainly ‘mechanical’ set-ups for futures contracts when I changed the core list of touts a few weeks ago, since entry instructions for this type of trade are usually relatively simple. However, because I could find no such set-ups on current charts, I am instead offering a reverse-trigger trade in the E-Mini Nasdaq, as follows: Bottom-fish at the red line (p=23,127) using a trigger interval of 16 points. The low must occur within 4 points of the red line to be valid. If you do not understand this instruction, don’t do the trade; there will be other, easier opportunities. The trade is valid through Tuesday, and only if 23,233 has not been exceeded to the upside. You’ll be on your own if the order fills. It may be possible to reduce entry risk even further by using a smaller trigger pattern taken from the lesser charts, but that is expert play recommended only to ace Pivoteers. _______ UPDATE (Jul 22, 10:55 a.m. EDT): This vehicle’s nutty histrionics have altered the picture, although not the opportunity. You can bottom-fish at 23,038, using the tightest reverse-pattern trigger you can find on the 15-minute chart. This trade is only for Hidden Pivot aces (aka Pivoteers.) _______ UPDATE (Jul 27): The little snark fell no lower than 23,108, missing our niggardly bid by just 0.3%. Cancel the order and stay tuned. I will offer a new trade, but only if it permits extremely tight risk control and exceptional odds for success. Any guru with a hole in his ass can get you into a trade that produces a profit eventually after an initial, horrific swing against you. That is not the way my trades are designed to work.
NQU25 – E-Mini Nasdaq (Last:23,421)
