- heading into 10:30 rt, just below the 1700 whole number, and below the declining 200ma on the 15M chart, i lowered the NQZ09 1705 offer to market, and was filled at 1694.75...
- the high so far for the morning was 1700 even...
- this trade: +6.42 NQ points/contract, 1 contract closed...
- if i am going to hold multiple contracts on a move against me, i have to get better at holding multiple contracts when the move goes in my favor...
- i only have 1 more NQZ09 contract (avg entry is 1688.33)...my current target is 1725.00...if i were to hold for this target, that would be +36.67 NQ point profit...
- before i can get good at holding multiple contracts that are going in my direction for a discretionary swing trade, i have to get good at holding 1 contract....this contract will be my practice...i am a bit better at holding multiple contracts for systemic swing trades that are going in my favor...
- bidding at 1682.50 and at 1657.50...
- FOMC announcement at 2:15 could shake things up...
- i am still wary of the intermediate term, and would not be surprised if the NQ dropped to the 1600 level and the ES drop to 980ish before thanksgiving...this is not a prediction, just a possibility....
- i am still bullish longer term...
***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...trade at your own risk***
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