2nd trade of the day. Long position was established at 1215pm. That was the first pull back of new trend cycle. After getting stopped out in the first trade, I was extra patient to wait for a quality entry. Here it is. Small R. I trailed stop according to my plan and get stopped out […]
Trading Journal
Dummy day trading #43 12-Jan-2007: NQ Long trade closed
Long position was established above 1015am candle. I was looking a high low and continuation of uptrend. Trade did not work out as expected, I was stopped out with 1-R loss. Trade summary: Long above high of 10th candle (1015am). Initial stop was set below the low of 10th candle. Stop loss was triggered. One […]
Gav’s Morning Coffee 12-Jan-2007
I am trying to write a post every morning to prepare myself before start a trading day. Well, I am trying. Let’s see how it goes. Today I am a little bit late though. I am looking at NQ (E-mini Nasdaq-100 futures). From daily chart, 60-min chart to 5-min chart, I am still rather positive. […]
Dummy day trading #42 10-Jan-2007: NQ Long trade closed
Long position of NQ was established when a new uptrend cycle formed. Observing the higher lows and higher highs in 5-min chart. This was an entry above opening range and facing yesterday high. I trailed my stop to lock in 1-R profit after the position was gaining more than 2-R and stalled at yesterday’s high […]
No Trade 08-Jan-2007
So far, it has been a choppy morning. All my indicators are showing nothing interesting.?Market is rather flat. There might be some action in the afternoon, but I am calling it a day now. Cough syrup has caused some drowsiness. I just need to catch some sleep now.
Template of my trading plan
Here I am presenting the template of my trading plan (it is more on the execution plan per se). I don’t see a point to reveal my trading plan here. It does not help any reader, since it is designed ONLY to suit my personality, risk appetite etc. I guess a template of my trading […]
