New homework, stops and exits.
Attached please find a random NQ chart.
It was fairly easy to mark the entries as it was a strong downtrend, so I took care of those. In my experience, when the indexes are displaying a strong downtrend, amateur traders tend to shy away and simply become paralyzed. I want to help you exploit such wonderful days instead of just standing still and looking in awe.
The exercise is to mark the stops and the exits on all entries and give logical explanations for each, no exception.
Assume no intraday swings and no averaging ups, strictly in and out protecting capital and milking the market.
Should be interesting and a good exercise for those participating.
Important, please post your analysis no earlier than midnight EST tonight.
Thanks and let's have some price action fun!
Anek
PS: IMPORTANT NOTE: Remember that your fill is somewhere on the bar following the entry as we value close more than open/high or low, no cheating.