Thursday, September 29, 2016

NQ 15 minute chart Fade Long

E-Mini: NQ 15 minute chart

Long

Entry Point: 4850

Stop: 4845

Exit Goal: 4860 - win 

 Notes: Stay with trend.. Daily Chart Up - 60 Minute Chart Up-15 minute chart Up and has a nice hammer at the previous day low, previous day pivot and 200 sma. Nice bounce off support - high odds to take the trade. If you stay patience with only the 15 minute charts - sticking with the trend - you can find a few of these highly favorable trades a week. Don' get greedy take your 10 points before resistance. (top chart is the NQ, bottom is the ES - from left to right 15 minute, 60 minute and Daily Chart)





* 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