Tuesday, January 7, 2014

15 Minute Breakout NQ

NQ 5 Minute Chart
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E-Mini: NQ
Long or Short: Long
Entry Point: 3540
Stop: 3535
Exit Goal: 3550
Result: W
Notes: If you missed the Gap and Go or unsure the 15 minute BO setup nicely with the momentum break of the short term trend. Broke through support and room to run to resistance. 

* 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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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