Wednesday, October 13, 2010

E-Mini NQ pull back Long

5 minute chart

60 minute chart trending up

(Double Click Picture for a Larger View)
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Stock:NQ
Entry Bar: 10:45 bar
Time Frame: 5 minute chart

Entry Green Line
: 2048.75
Stop Red Line: 2045.50
Result:
up to 13 points
Notes
: 60 minute chart grinding up with the daily chart as well. Strong pre-market, overseas markets strong, market steady on the 8:30 news and strong gap up. Nice hammer back off the 200SMA.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

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