I have couple of trades that got away today. The market ran away without me. Dummy setups appeared in both 15-min and 30-min charts. So, I think it does not make sense to complain about trading time frame. A setup is a setup. Dummy is still dummy.
NQ 15s’
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- Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
- Where would you get long/short this futures contract ? 2 spots were found. Above high of 18th bar or above high of 22nd bar which both are above Opening Range.
- Where would you put the initial protective stop? Below the low of entry bar
- Where would you exit the position? Fib extension 38.2% and 61.8%
NQ 30s’
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- Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
- Where would you get long/short this futures contract ? Above high of 9th bar which is above Opening Range
- Where would you put the initial protective stop? Below the low of entry bar
- Where would you exit the position? Fib extension 38.2% and 61.8%
YM 15s’
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- Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
- Where would you get long/short this futures contract ? Above 7th bar high, which is above Opening Range and supported by moving average
- Where would you put the initial protective stop? Below the low of entry bar
- Where would you exit the position? Fib extension 38.2% and 61.8%
YM 30s’
[photopress:got_way_YM_30s.jpg,full,pp_image]
- Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
- Where would you get long/short this futures contract ? Above 9th bar high, which is above Opening Range and moving average
- Where would you put the initial protective stop? Below the low of entry bar
- Where would you exit the position? Fib extension 38.2% and 61.8%
ER2 15s’
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- Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
- Where would you get long/short this futures contract ? Two possible spots. Above 18th bar high or above 22nd bar high. Both are above Opening Range and supported by moving average
- Where would you put the initial protective stop? below the low of entry bar
- Where would you exit the position? Fib extension 61.8%
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