Trading NQ Using PA Only

LOL...you're trading from class! That's awesome

 

yeah... the school is set-up with free wi-fi and I've got my laptop.

 

Potential long set-up. Thinking about taking this trade. Price needs to g below 55.5 and has to be a down bar.

 

Here is a trade that became a loss of 0.5 instead of profit of 9.5 due to a trailing stop. I am seriously considering getting rid of the trailing stop or use trailing stop only when the stop is above our entry price.

 

Who is your broker?
The reason I ask is if it's IB you can download a program called bracket trader that will set your stops, target and move stop to breakeven when it hits a certain level. Nice easy interface.

 

it's ib...thanks. i'll look into that

 

Down 200 today.

I need to look at NYSE and Nasdq TRIN in the future.

The set-up works but need to be modified for range days and down days.....

I am going to just watch the market for few days and see if I can find ways to use the TRIN.

 

Buy-Limit 69.5
S 67.5
T 80

Trying to implement TRIN so just trading 1 contract to test.

Edit
Order is still there,
Stop at 68

Edit.

Cancel order if price makes a new high. Price approaching highs and TRIN above 1.

Edit.

order cancelled.

 

L 73.5
S 72.5
T 84


Edit.

Stopped. -20

 

Why the fixation on the TRIN?

The heading is Trading NQ using PA only.
The NQ follows the Nasdaq 100.
The TRIN follows all stocks on the Nasdaq.