Options! expiration Thursday. Options! I don’t know Options! I am looking at Nasdaq daily chart, It looks like we are heading to 20 SMA. Coincidentally, Downtown trader is kinda sharing the same view. From 60-minute chart of NQ, trend started turning down and sellers kicked in. So far, I am interested in looking for short […]
Trading Journal
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 […]
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 […]
Gav’s Morning Coffee 16-Jan-2007
There seems to be some weakness in premarket action. At least, I am looking at some selling of NQ in premarket. Overall, I am still positive on NQ. Opening weakness might provide some opportunity to go long. Patience is required now. Summary: Previous high: 1863 Previous low:1845.5 btw, I have finally changed the look of […]
Review week ended 12-Jan-2007
Well, I achieve my goal, another profitable week. I missed the trade on Thursday, which was a mistake, I was not paying enough attention to trading. I start feeling good of strictly following my game plan. I basically traded with confidence. I only make 3 trades this week. Two winners and 1 loser. Total P/L […]
