Trades that got away 03-Nov-2006

It was another choppy day. I was looking at 5-min charts of YM and NQ for possible scalp opportunity (Since? I did not see any interesting opportunity in 15-min chart). Trying same setup in different time frame. Here is a trade that got away.

YM

Entry below the low of 19th narrow range candle. It was right below resistance of 20-EMA. Momentum is still negative and I saw downtrend was established. Target will be Fib retracement from? today's high to yesterday's low.

There were a couple of got away trade like this in NQ and ER. I am meeting my pal for gym workout now, gotta run. More charts later. Thanks Vincent for sharing and explaining his setup to me.