Monday, January 6, 2014

ES and NQ Pullback short


ES and NQ 5 Minute Chart
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E-Mini: ES and NQ
Long or Short: Short
Entry Point: 1827 and 3519
Stop: 1829 and 3524
Exit Goal: 1823 and 3509
Result: W
Notes: Inside the short term down trend. Take 2pts with ES and 5pts with NQ and let it ride. NQ stopped on 2nd half. 

* 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