[photopress:NQ5minfull.jpg,thumb,alignleft]I have only made one trade today, after watching market till lunch hour, I decided to call it a day. No fun. It was a choppy morning. Yep, I got stopped out. In fact, that was a low probability entry. Setup was formed within a trading range. A better entry would be waiting for NQ […]
Blog and Rants
Dummy day trading #46 17-Jan-2007: NQ Long trade closed
Long position was established around 1135am, after watching higher lows were formed in 5-min chart, and NQ seems to be supported by yesterday’s low and moving average. Entry order was triggered by a spike of price and I was stopped with 1 R loss at the next bar. Trade summary Long above the high of […]
Gav’s Morning Coffee 17-Jan-2007
We are getting some sell off of NQ in premarket session. We are having a gap down in the opening of cash market. From the data of past 3 days, we have a UP, a FLAT, and today..DOWN? Let’s see if we are breaking out from the small range formed yesterday. Previous High: 1862.75 Previous […]
My Food Quest
Searching for good food is one of the missions in my life. This is a short, non-trading post. Just to share with you an Indonesian restaurant I have found in Singapore. In case you are dropping by Singapore, go and try it out. I went to restaurant Ayam Bakar Ojolali last saturday. And the food […]
Postmortem 16-Jan-2007
[photopress:NQfullpictureChopFestTRIN.jpg,thumb,alignleft] I ended the day with only one trade, no gain though (well, again, $0.28 after commission. LOL). In fact, after first trade was stopped out, I was waiting for opportunity to go Long since a new uptrend trend cycle was formed. But, heck, nothing happen, it was another chop fest. My adjusted TRIN index […]
Dummy day trading #45 16-Jan-2007: NQ Short trade closed
In contrast to my morning analysis, I saw a new downtrend cycle was formed. Short position of NQ futures was established at 1030am (Chicago time). It was a nice candle pattern and resisted by down trending moving average. I moved my stop to break even after position was gaining 2.5-R. However, market reversed with a […]
