Trading NQ Using PA Only

Discussion in 'Journals' started by eminitrader007, Jun 11, 2009.

  1. L65.75
    S 64
    T 75.25

    Stopped.

    Done for the day -3.75 on 2 trades
     
    #21     Jun 16, 2009
  2. From now on, I'll just post the blotter at the end of the day and people can pull up the chart and see what I did right or wrong.

    It feels different trading and typing.
     
    #22     Jun 16, 2009
  3. It seems that I did pretty good the last 3 months because the market was up and I was long. The last 2 days have been terrible so I guess I need to add a filter so that I do not trade on days like yesterday or today.

    I was looking the TRIN and it was above 2 yesterday and above 1 today.

    So if the TRIN is above 1, I'll pass on the trade.
     
    #23     Jun 16, 2009
  4. Jander

    Jander

    Why dont you reverse the setup and take short trades when they present themselves?
     
    #24     Jun 16, 2009
  5. I find it lot easier to get 8-10 points going long. Once we close below 880 in ES, I'll take short trades too but the set-up is a little different.
     
    #25     Jun 16, 2009
  6. there was a long set-up at 9.27.

    L 44
    S 42
    T 52.25.

    TRIN-NYSE is above 2, so I did not take the trade which seems like a good idea because I would have been stopped out in the next 2 minutes.
     
    #26     Jun 17, 2009
  7. deaddog

    deaddog

    Why are you using the NYSE TRIN to trade NQ why not the Nasdaq TRIN?
     
    #27     Jun 17, 2009
  8. Honda

    Honda

    Quote from eminitrader007:
    I find it lot easier to get 8-10 points going long. Once we close below 880 in ES, I'll take short trades too but the set-up is a little different.

    If you find the time, what's the difference in the short setup vs long.
     
    #28     Jun 17, 2009
  9. Not sure....Nasdaq TRIN makes more sense.....I had used NYSE TRIN in the past trading so that was the only reason.
     
    #29     Jun 17, 2009
  10. Here is another set-up.

    L 52
    S 50
    T 61.5

    NYT- 1.71
    NDT 1.07

    I'm NOT taking this trade....I'm in class and pretend as if I'm paying attention to the Prof.

    Edit:
    Trailing Stop: 51.5

    Stopped Out: loss -0.5 pts.
     
    #30     Jun 17, 2009