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NQ Paper Trade Journal
- Thread starter A2x2
- Start date
2016-09-14 Summary
Daily P&L: -17.75 (3 trades, 3 losers)
Trade Summary
Trade 1: Market broke above the 200MA on the 30 mins chart, which was a good sign for a rally. Right idea, however bad execution as I should have waited for the morning pull back to enter.
Trade 2 & 3: System trade in place to capture both the short side and the potential for a break out upwards. Once again, bad execution. Had my stop-loss and stop-limit been slightly higher, I would not have gotten stopped out and my stop-limit would have not have been triggered, and it would have been a profitable trade as the market sold off the rest of the afternoon.
Daily P&L: -17.75 (3 trades, 3 losers)
Trade Summary
Trade 1: Market broke above the 200MA on the 30 mins chart, which was a good sign for a rally. Right idea, however bad execution as I should have waited for the morning pull back to enter.
Trade 2 & 3: System trade in place to capture both the short side and the potential for a break out upwards. Once again, bad execution. Had my stop-loss and stop-limit been slightly higher, I would not have gotten stopped out and my stop-limit would have not have been triggered, and it would have been a profitable trade as the market sold off the rest of the afternoon.
No! probability was against and not for. The 200 was in a nice downward slope, which would indicate that it was probable that price would resume lower.2016-09-14 Summary
Daily P&L: -17.75 (3 trades, 3 losers)
Trade Summary
Trade 1: Market broke above the 200MA on the 30 mins chart, which was a good sign for a rally. Right idea, however bad execution as I should have waited for the morning pull back to enter.
No! probability was against and not for. The 200 was in a nice downward slope, which would indicate that it was probable that price would resume lower.
Ohh.. ok ok that makes sense! Using the 200 MA as a mean reverting trend line! Thanks! First time using the 200 MA.
What about today? The 50 MA broke above the 200 MA on the 30 mins charts (NQ). Clear bull sign?