Drive by Trading

Ok... So my friend in here for the week for vacation, but I still can't just leave the market! I know... sad.... very sad.... Anyway.... I've been doing drive-by trading... popping my head in, seeing a setup, grabbing it, then taking off again. I'm three for three on excellent setups. The only futures trades I've done was the NQ a few minutes ago. (Other two trades were EXPE and MSA this morning.) The NQ is as follows:

Pros:
- Three waves of selling
- Smack into morning lows
- Volume spike on initial drop into lows
- Congestion where pace slowed into lows
- Lesser volume on subsequent retests of lows
- No immediate overhead resistance
- Slower pace on subsequent lows following spikes off the lows
- 15 minute 200 sma on the ES and NQ at the same time as the lows hit
- Larger congestion and trading range on the 60 minute charts to allow for decent pivots

The market has plenty of room to continue to correct more off this support, but this was pretty much the "sure thing" and I don't want to have to stick around and wait it out! Then I'd have to call this post something other than "Drive-by Trading"!

http://www.tradingfrommainstreet.com/images/trades/trades20070809NQ.gif