Saturday, October 26, 2013

E-Mini YM Small Gap Go Long




ES NQ YM 5 Minute Chart
.
E-Mini: YM
Long or Short: Long
Entry Point: 15457
Stop: 15437
Exit Goal: 15497
Result:W
Notes: More like a flat open mini gap fill using the gap fill as support on the ES or YM and yesterdays High on the NQ. The blue circles on the chart show the support area. Staying with the trend with goal near the R1 pivot. Exit goal anywhere around 15490

* 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.





 

No comments:

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