Friday, September 18, 2009

9/18/2009 1115 am update: NQ


  • got nervous that NQZ09 wouldn't make it through the minor resistance area at 1724ish to reach the target of 1726.50...
  • sold it at 1722.50 for +7.50/contract (1 contract closed)...
  • as i write this, the NQZ09 is trading in the low 1724s...
  • i am a bit frustrated with how i managed the exit for this trade...i am supposed to sit and catch the bigger swings on the 15M and the 60M chart, yet i found myself watching the 2M and the 5M charts and worrying over nearly every tick and oscillation between 1720 and 1724...
  • i didn't follow my plan for this trade...
  • in the absence of some catalyst, i think today's range will be contained by yesterday's high of 1730ish and low of 1713ish...
  • looking to re-enter long at 1715.00 and if we break below yesterday's low, then looking to add another contract at 1703.50...
  • currently up 14.75 NQ points for the day (7.375 points/contract, 2 contracts closed)...
***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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