Tuesday, November 1, 2016

CHKP and QQ 15 minute candles

 

 
Here are 2 trades:

CHKP 15 minute short 83.70 (low of 8th bar)

Stop 83.91

Exit:before pivot (dotted blue line)

Along with gaping stocks I monitor about 6 high volume stocks and CHKP is one of them. Nice setup except the 60 minute chart was extremely positive as I like to trade with the trend. Market was weak so took the trade. 
 
 

QQQ - 15 minute hammer Long off pivot

6th bar of the day. entered at the high with a goal of about 1R.

Stopped out for a small loss.



* 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