It is a slow day. Be sure that if you are staring to get bored to get up from your computer and take a walk or something. Boredom can have you see things like are not there.
boredom? I played golf this morning, then met frends for lunch. Now I am staring at the screen and risk getting into a marginal trade. No trades today. I did sell out a bond position this morning before golf.
Oh yes, the sideways channel trend. Not conducive for our type of trading. Just sitting on the sidelines most of today getting ready for Vols vs Gators game tomorrow
Hi, Net Loss -$212, on NQ....traded well IMHO, just no follow through, did too add trades that if trend would have continued would have given me a nice winning day but wasn't meant to be and one ended up a small loser and other b/e after both trades were up roughly +4 points each on the first entry before the add. I can live with this because just been a couple of odd days IMHO. Monday is another day. No equity trades. Good weekend all. Cheers
Sounds like you are sticking with your rules and keeping discipline. Last few days seemed strange to me too. ~Cx
Some fun scalps on the NQ based on price action during brutally low volume. Momentum called my targets. Of course, compared to some of the AH plays I'm used to, it was chaotic. Did not have time to trade the morning which was vastly superior in nature. Either way, should serve as simple illustration. Anek
Anek, We've seen you trade the YM, then switch to the ES, and now the NQ. Would you be able to share the pros and cons of trading each?
As an exercise, please study my afternoon scalps and explain the entry and exit, play by play. Share with the readers for discussion. Thank you Anek