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 R loss. [photopress:NQ5minShorttradeclosed.jpg,full,alignleft]
- Short below the low of 1055am candle.
- Intial stop set at last swing high
- Stop was triggered.
I will stop for the day. This should be an exciting week