Premarket of NQ is rather flat. No major report released today. Daily chart of Nasdaq Composite, a lower high was formed last week. Mike did a recap at his site. Ill be paying attention to that downward sloping trendline, especially if it stays unbroken and crosses the 50-day moving average. Those two lines could become […]
Trading Journal
Review week ended 26-Jan-2007
It is going to be a lot of work to migrate my data over to another server. Tough job. I am going to do it slowly. Here is the review of this week. Uneventful week. Only 1 trade was made. And it was a winner, and it was supposed to be a big winner, but […]
Dummy day trading #47 25-Jan-2007: NQ short trade closed
I made a execution mistake today. Short position was established at 1120am. It was a slow start. Market started sold off after 1130am. However, I was being a Chicken. Instead of letting the profit run, I covered the position with only 1 R gain. That’s a shame. Poor plan execution. It should have been a […]
Gav’s Morning Coffee 25-Jan-2007
I am looking at NQ. Bulls had a nice day. Nasdaq composite bounced from support. I am not going to write too much of market recap. Trader Mike wrote a recap at his blog. From daily chart of Nasdaq Composite, I am staying positive. From 60-min chart, trend turned up and Adjusted TRIN continued ticking […]
Readings: Basic Options
It was a strong morning. And, NQ was running without me. Staying flat for 3 days in a row. uhm… I saw a trend coming, however, I just couldn’t find my entry setup. Well, forget it. There are opportunities in the market day in and day out, but they are invisible to me now as […]
Gav’s Morning Coffee 24-Jan-2007
We have positive buying of NQ futures in premarket. We are likely to have a gap up. From daily chart of Nasdaq composite, I am staying neutral, not bearish though. From 60-minute chart of NQ, we are still in downtrend, however, bears seems to be weaker. I see Adjusted TRIN starts ticking up. We are […]
