Thursday, October 24, 2013

E-Mini YM 15 minute Fade Long



Minute Chart: ES NQ YM
.
E-Mini:YM
Long or Short: Long
Entry Point: 15382
Stop: 15362
Exit Goal: 15422
Result:W
Notes: Sticking with the trend after a nice gap fill by the ES. The ES and NQ which I consider the Big engine and little engine both filling their gaps hitting pivot point support. YM was the strongest Index early and also with support. This shows a nice fake breakdown. Blue circle shows the support at for each index.

* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.







 

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE