Tuesday, December 31, 2013

ES and NQ Gap GO Long


ES and NQ 5 Minute Chart
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E-Mini: ES and NQ
Long or Short: Long
Entry Point: 1838 and 3572
Stop: 1836 and 3567
Exit Goal:1842 and 3582
Result: W
Notes: Was going to pass with the slow holiday season but too many variables favored going long. Both gapped over their trend lines and looked for a push to new highs. Have a happy new year.

* 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