Discussion in 'Trading' started by m_c_a98, May 2, 2003.
Post some charts.
This could be a good thread if it's kept simple: just charts !!
Looking at your NQ chart, I noticed that you annotated a narrow consolidation breakout, with "Nice breakout". That's the setup I mentioned in my post on another thread. The risk reward on those trades is excellent, because your stop is only slightly below the slim jim, once you've detected the valid break to the upside.
pay attention to when and where those occur and you will dramatically improve what is a good setup.
find out what works, stick with it and ring that cash register!
Thanks for the reply. My stop for the "breakout" was under 1135, the pivot low of the small base/flag, with break above 1138, a 1m pivot high. Target was an equal move from the bottom of the base/flag similair to the prior move from morning lows to the top of this base/flag. Did I word that correctly ?
More charts to come.
OK, HERE ARE A COUPLE. 5M AND 1M CHART OF NQ FROM 5-12.
here's the 1m
Separate names with a comma.