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Stock:NQ emini
Entry Bar: Off the 20sma
Time Frame: 5 minute chart
Entry Green Line: 2014.75
Stop Red Line: 2012.25
Result: +4 and +8
Notes: Market gapped up and then the positive 10AM report hit, marekt was trending all day. Here is one of several places to get long. All about patience. I like to both guage the NQ and ES NQ had already run 20 point on its ADR was looking for it to hit 30 which it tends to do on bullish days. A suckers day for trying to fade, too much good news (over seas markets, bottom of a consolidation, and 10 AM news)
Time Frame: 5 minute chart
Entry Green Line: 2014.75
Stop Red Line: 2012.25
Result: +4 and +8
Notes: Market gapped up and then the positive 10AM report hit, marekt was trending all day. Here is one of several places to get long. All about patience. I like to both guage the NQ and ES NQ had already run 20 point on its ADR was looking for it to hit 30 which it tends to do on bullish days. A suckers day for trying to fade, too much good news (over seas markets, bottom of a consolidation, and 10 AM news)
* 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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