NQU09 discretionary swing trade/'BTD Index' systemic swing model:
- NQU09 traded down to 1591 after the 830 economic data releases, and if that is the low for the session, and with an expected range of 2.00-2.60% today, then the NQU09 projects up to 1623-1632 for today's session...
- 1632 has been the high of this month long base...
- sell limit 1612.50 has been filled...
- sell limit 1617.50 is still open...
- though the 'BTD Index' systemic swing trading plan calls for exiting at the close if the NDX closes about 1603.50, i am going to call an audible and sell that NQU09 lot at limit 1622.50...this is against that model's trading plan...
- added a buy limit 1603.50...if it fills, then i will sell it at limit 1622.50 and move the 'BTD Index' related lot from limit 1622.50 to 1627.50....
- NQ started to show some RS compared to the other major equity indices (YM, ES, EMD, TF)...
- shorted the LANC gap up into resistance and booked a quick + $0.70/share on the post gap up drop...
- HURN gapped up, i bought some on a pullback, it didn't show much strength after the pullback, so i exited with + $0.06/share...
- GENZ trading above its daily and hourly base, bought some on a pullback, exited on a return to the morning high for + $0.27/share...able to enter and exit a second position in GENZ for + $0.15/share...
Other:
- really impressed with Dr. Brett Steenbarger's TraderFeed blog...i am finding it to be a great resource for statistical analysis of market behavior as well as for insights into the psychological (EQ) part of trading...
- i am having a lot of fun trading today!
***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...***
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