Another Straight Line Analysis Journal

Wedensday 11th June 2014 NQ100 1 Min Chart Review
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We travelled back to the highs this morning, and then into a range. None of the trade that I tried worked, and after 3 trades I let it run through the range.


1. This one is a short after we turned at 800. I only lasted 1 bar.

2. Another attempt off the highs, again failed at the next bar.

3. This one comes after a failure at yesterday's highs. It lasted a bit longer, but eventually stopped out. That was it for the day, as we seemed to have settled into a range.
 
Thursday 12th June 2014 NQ100 Market Preview
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We are still holding around the haihs of the past few days.
We made an overnight high of 806, and since then have fallen back to the mean. An attempt to reach the highs a few hours ago failed, and has led to a sharp fall off in the early morning.

Yesterday I said that we might have a fall because of the way the overnight looked, and then we rose quickly on the open. Today I have no predictions. Just watching for the lows at 83 and 80, and the highs at 801 and 806.
 
Thursday 12th June 2014 NQ100 1 Min Chart Review
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Today was okay, I was stopped out early in moves, and didn't re-enter. Seemed like a slow day, but it did have reasonable trends.

1. This one could have been placed a few bars earlier, and it wouldn't have stopped out so easily. I waited until the supply line was properly broken, but the higher low with the previous bars all closing at a high point should indicate a possible end to the downtrend.

2. Short on the lower high. Here a stop above the highs would have worked.

3. Long after the higher low retracement. Waited a long while for this one. It travelled up, eventually breaking the demand line for an exit.
 
Friday 13th June 2014 NQ100 Market Preview
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After a big fall yesterday we turned back upwards near the highs of March, and we are now approaching the mid point of the fall at 76.

Low to watch for at the bottom of the overnight range at 60, and yesterdays low at 40. We have various swing highs on the way up, before we get to the 800 level.
 
Friday 13th June 2014 NQ100 1 Min Chart Review
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Today, my first trade was a mistake, but the others were okay. I still have issues with allowing a trade more space to work. Risk v reward issues.


1. A long on a higher low. Looking at it again, I should have waited for a proper break of the line.

2. Demand line broken with retracement for a short. Exited on a higher low break of supply line.

3. Here again the trade is stopped out. A reasonable stop below the swing low would cost 4 points.

4. A short after the break on the demand line. We are quite close to 11am, so probably can't expect another 20 point move now.
 
Monday 16th June 2014 NQ100 Market Preview
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Friday stayed around a mean for most of the day, before a fall in the evening. Overnight, we have moved up slowly, and are testing our overnight highs.

Above here we have a high on Friday of 79, but to get there we have to pass the congestion on the way, and at the moment we are close to the mean area of Friday.

We have recent lows at 55 and 50, and also at 44.
 
Monday 16th June 2014 NQ100 1 Min Chart Review
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Today we had a big trend on the open which I didn't get on. There was a retracement after 10 points but I didn't take it thinking that we had a fast rise and were coming near the highs from yesterday. This was a mistake. The rest of the day was fairly normal.

1. We shot right up towards Friday's highs at the open. I placed a short on the double top after the demand line break. It stopped out after a few minutes. We made several lows at 72.5 and then headed upwards.

2. I put a short on the little retracement here. This made it back to 75 which is the mid point of the high and low of the last few days. This area seems to be improtant this morning.

3. Another short on retracement, which I left to see if it would break the previous swing high or go lower. Eventually it went lower back to the open levels.
 
Tuesday 17th June 2014 NQ100 Market Preview
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Yesterday we had an up and down day around the eventual mean. Overnight we passed the daytime highs and reached 86, before falling in the morning back to the mean levels. We have highs 81 and 86 and lows at 65, 55 and 50, and it looks like we are in an upward channel on the hourly chart also.
 
Tuesday 17th June 2014 NQ100 1 Min Chart Review
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Decided to mostly just watch the price today. It was a clean up and down day with many retracements for entries.

1. It went below the overnight range, and then turned back upwards. There is a subsequent higher low at the overnight low before we head up past todays open.

2. There are numerous retracements on the way up to the highs.We eventually stop below the highs at 86.

3. Lower high as the rise stops. I marked a short here, and as before we have a number of retracements during the fall to the level where we opened.
 
Wedensday 18th June 2014 NQ100 Market Preview
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On the hourly chart we are at the mean of our channel, and may see a movement towards either extreme today.

Yesterday we had a low of 63 and a high of 85, and we eventually settled down to the mean of 74 overnight. In the morning we have moved up towards 80 and have held above the mean for now.

We have to test the extremes of the overnight high or low at 80 and 71, before we can look at yesterdays highs and lows.
 
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