NQ: 129th trading session - recap
Took a short today 4min into the market open - winning trade.
Although I was "wrong" (again I never set a specific bias) with the assumption of price pushing down further, I was right in my prediction. Price actually pushed down with a lot of momentum, just not far enough for it to actually have been a continuation. But whatever, I shorted, NQ dumped, and a while later it recovered. I took my profit at a 3RR target, as always: Once price hits my 1.5:1RR: I set my SL on breakeven.
Later a good range accumulated, I didn't take any trades tho.
I won't trade the opening tomorrow, I'll watch the aftermath tho.
Although I was "wrong" (again I never set a specific bias) with the assumption of price pushing down further, I was right in my prediction. Price actually pushed down with a lot of momentum, just not far enough for it to actually have been a continuation. But whatever, I shorted, NQ dumped, and a while later it recovered. I took my profit at a 3RR target, as always: Once price hits my 1.5:1RR: I set my SL on breakeven.
Later a good range accumulated, I didn't take any trades tho.
I won't trade the opening tomorrow, I'll watch the aftermath tho.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.