How Two Simple Lines Led to My Biggest NQ Trade Ever!
If you can draw a straight line, you can trade price action—it’s truly that simple.
The key?
Knowing exactly where to place that line.
One of the most powerful tools in price action trading is support and resistance, particularly when analyzed on higher time frames.
As an aspiring trader with ambitious income goals, I found myself constantly jumping from one strategy to another, searching for the key to success.
I joined multiple trading rooms, each promising exclusive secrets, powerful indicators, and guidance from so-called experts who seemed to dominate the markets.
What I didn’t realize was how much I didn’t know…
That changed when I met a trader who simply drew lines on a chart—and was willing to share his approach.
At the time, I had no idea that his edge came from just five fundamental price action tools, available on every charting platform. His "secret"? He had none.
The 5 Price Action Tools Native to Every Charting Platform:
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand zones
- Change control zones
Occasionally a momentum study to help identify potential divergence but that's it, nothing else.
Each of these tools simply consists of drawing a straight line on a chart, any chart across any time frame.
Long story short, this trader became my mentor, guiding me through this new approach to trading… that was back in 2016, and today, we’re business partners!
During my learning journey, he insisted that I focus solely on trading with support and resistance—for three full months.
That experience proved to be invaluable, shaping my trading skills in a way that continues to benefit me to this day.
And that’s what led to my biggest intraday NQ trade ever earlier this week.
The 500 point NQ Trade Plan
It was Monday, January 27, 2025, and global markets were in a so-called “crash,” with headlines blaming a new AI tool named DeepSeek.
NQ had already dropped over 1,000 points that day and was accelerating downward. Lower time frame levels weren’t holding, so I fell back on what I had learned during those three months of trading solely with support and resistance.
One of the key principles is identifying higher time frame support and resistance—monthly, weekly, and daily levels.
So, that’s exactly what I did. I drew a straight line to mark a critical level and added another to define the trend, creating an area of confluence that, through experience, I had learned to trust with high confidence.
"Only four months prior, I took the ChartPros Bootcamp certification course on a suggestion from a friend.
Now, with Tom's support, I am certified and receive the benefits/discounts that come with being certified. I feel confident in Trading with discipline and process.
It’s just the beginning, but I am confident this is a new career and an opportunity to be financially free soon." Jay A. Chicago - January 20, 2025
Remember, there are no guarantees in the market—except that price will always cycle up and down across all time frames.
With that in mind, I applied solid risk management techniques for both my entry and stop loss, making an informed decision to take the trade.
As it turned out, price seemed to "remember" my key level, making a sharp reversal and surging upward with incredible momentum—allowing me to capitalize on the move.
I didn't expect that price would go as high as it did but I began to scale out like I always do leaving only “runners” to ride risk free, managing the trade with a trailing stop on the way up. In the end, this trade delivered over 500 NQ points, making it my largest intraday NQ trade ever!
