After the mistake of first trade (got it too early), I decided to give it another try, as market looked really strong today. I got in NQ futures around 1035am. And that was a better trade. Since the medicine was running in my body, I decided to use moving average to trail my stop and […]
I made an attempt to short NQ futures when a new downtrend cycle was formed. And I got stopped out by this choppy day. Trailing stopped was triggered with -0.89 R loss. Tough. [photopress:NQ200ticks12Mar2007.jpg,full,alignleft] Journal note: This is a bad entry. Trying to dummy trade when everything was still in the range. Dumb trade.
I decided to make an attempt when NQ goes below opening low again. Short position was established around 951am during the first pull back of new downtrend cycle.Too bad, I was stopped out. One trade closed with -1 R loss [photopress:NQ200ticks28Feb2007.jpg,full,alignleft] I will stop trading for the day and get some rest. I am preparing […]
Short position of NQ was established around 1116am. I did not expect too much out of this trade as we have a big gap down which took out yesterday’s low as well as last week’s low. Cash market has been losing more than -40 points. The real profit started from premarket , too bad, I […]
“What do you want?” I am asking myself after closing the position. In fact, I had two entries to go Long NQ futures. I gave up the first one which appeared around 10am. Reason being I had a bearish view of NQ given longer time frame looked rather bearish. So I decided to wait for […]