NQ Journal - 2015

Day trade long 4466.50 initial stop is 4453.00

 

Day trade long 4466.50 initial stop is 4453.00
Stopped. For 13.50 pt loss. Reason. 3 time frames did not agree.

 

Most significantly, the 60 min has never turned bullish yet after yesterdays downside reversal. Hourly carries the day typically.

 

Hourly is well outside the lower BB now. There will likely be a bounce back in

 

50% retracement reached of yesterday's lo-hi

 

--Day trade Long 4457.25 Initial stop4452.25

 

--Day trade Long 4457.25 Initial stop4452.25
--Stop raised to 4454.50

 

whats the point placing a stop if you change it? oh, the chart changes you may say, exactly. thats why i add

 

Tried to warn you

 

-06/05/15 RTH AM Position trade. Short 4475.00 basis Sep. Initial stop 4556.00
--06/08/15 RTH PM Price is 4433.50. Staying short with same stop.
06/29/15 RTH PM Price is 4412.00. Stop remains the same.