It is a choppy morning. After observing flag pattern formed, and the first pull back of new uptrend cycle, I took a long position of NQ Futures at the break of flag. It started nicely, however it stuttered after moving up around 38.2% from flag pole. I moved my stop to break even , and […]
Trading Journal
Dummy day trading #50 01-Feb-2007: NQ Long trade closed
Long position was established at 940am when a flag pattern and dummy spot were found. This is another pattern trade, so target is set by using the height of flag pole. Target was not achieve, however, it was near, I closed the position when uptrend seems to be weaker. One trade closed with +1.56 R […]
Dummy day trading #49 31-Jan-2007: NQ Long trade closed
Though we had some sell off during the opening, I did not find much trading opportunity. Instead, I saw a new uptrend cycle was formed. Long position was established around 1010am. It was a bull flag (more on chart patterns later) combined with my dummy setup.
Goals for Consistency
Consistency, consistency, this is one of the most important quality I wanna achieve. Here I have a set of goals pertaining to consistency. I got the material from an article sometimes ago. I have no idea who is the author. Anyway, here is the abstract and I have added my own ideas.I want to consistently… […]
No trade 30-Jan-2007; Change of time zone
I was looking at NQ futures, and no setup was found. Boring day for me. We are waiting for some catalysts this week. I have just adjusted the time zone of this site to Eastern time. Since all my trading and blogging activities are targeting on American market. So, in case you are browsing some […]
Dummy day trading #48 29-Jan-2007: NQ short trade closed
Lack of patience today, I took a lousy setup this morning, and I was punished. After waiting for around 90 minutes after opening bell, I saw a lower high in NQ futures. I took a short position around 11am (NY time), although my indicators are showing me a choppy day. One trade closed with 1 […]
