Two Trades: Win & Loss - NQ Emini breakdown

Notes: After the run up yesterday was looking for a pullback. 8:15 AM ADP report weaken the market so was looking for a short opportunity after the open. Prefered NQ over the ES since it was the weaker of the two indexes. Stopped out on first trade with small stop. Took it again and this time widen my stop with less contracts. Goal was 2000 or near 600sma.

Trade one - stopped out

Stock: NQ Emini

Entry Bar: See red arrow
Time Frame: 5 minute chart
Entry Green Line: 2017.50 SHORT
Stop Red Line: 2019.50
Result: stop out

Trade two

(Double Click Picture for a Larger View)

.Stock: NQ Emini

Entry Bar: See red arrow
Time Frame: 5 minute chart
Entry Green Line: 2018 SHORT
Stop Red Line: 2024 Globex High
Result: up to 17 scale as you go.

* 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.