Though I did read the cautious words from Mike’s blog about options expiration, I decided to trade if any dummy set up was found. Short position of E-mini Nasdaq was established below 10am (chicago time) candle. It took 1 hour to stop me out. Darn! However, everything was done by following my rules.
One trade closed with 1-R loss.
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This is the result of let your profit run. Long position of E-mini Nasdaq was established above 9am (chicago time) candle. After closed Dow Mini position prematurely, I have decided to let E-mini Nasdaq position run. Indeed, it was a good decision. Trade closed with nice 3-R gain. I was just too tired at this point of time (mind you , it was 3am in Singapore Zzzzz).
Finally, I am turning black for this week.
This is 30-min chart of E-mini Nasdaq
This is the last trade of the day. Long position of E-mini Nasdaq was established above 9am(chicago time) reversal down candle. Trailing stop was moved to break even after 1-R gain. Subseqently, I did not wait for 2-R gain and decided to closed the trade with 1-R profit with the same consideration as Dow mini trade. (Discipline problem again!?!)
Though I manage to close the day in black, I am not happy with my performance in term of trade execution. I was a little bit emotional after the E-mini S&P loss.
That was too much work for small profit. Short position of E-Mini Nasdaq was established below 930am reversal up bar. Stop was moved twice and it was triggered with 1-R gain. Volume seems to be drying up. Nasdaq moved slowly.
I decided to give up Dow Mini trade as it was approaching 50-day moving average in daily chart. I was wrong and missing out some profit.
Here is 30-min chart of E-mini Nasdaq futures.
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I was not prepared to get into Long position of Nasdaq or Dow today, given oil was having some crazy run. However, set up for E-mini Nasdaq Long trade was so nice that I just couldn’t resist. Long position of E-mini Nasdaq was established above 930am (chicago time) candle. Trailing stop was moved twice, and position was eventually closed with 2-R gain. Again, I do not know if this trailing strategy is efficient enough, I am still working on it. Anyway, I can’t complain much with this kind of profit with 1 hour work.
There was a chance for Gold trade, however, the set up was not my favourite pattern, no trade was made.
Here is 30-min chart of E-mini Nasdaq Futures.
As mentioned in my previous posting, if I were to point out the mistake of the day, the it was the miss of entry for Mini Crude. . Instead, I was looking at Gold, which bulls were too weak to go further.
Let's back to business. Looking back at the 30-min charts, I guess I made a right decision by leaving out Index futures yesterday. The monkey was really jumping around, hurting visitors in the zoo. No good set up for both Mini Dow and Mini Nasdaq for me.
Mini Crude 30-min chart
[photopress:Mini_Crude_30_min_full_day.JPG,full,pp_image]
Mini Gold 30-mini chart
[photopress:mini_gold_30_min_full_day.JPG,full,pp_image]
Mini Dow 30-min chart
[photopress:Mini_dow_30_min_full_day_1_2.JPG,full,pp_image]
Mini Nasdaq 30-min chart
[photopress:Mini_Nasdaq_30_min_full_day_1.JPG,full,pp_image]
