Gav’s trading blog, be inspired by good trades

Lack of patience today, I took a lousy setup this morning, and I was punished. After waiting for around 90 minutes after opening bell, I saw a lower high in NQ futures. I took a short position around 11am (NY time), although my indicators are showing me a choppy day.
One trade closed with 1 R [...]

I made a execution mistake today.
Short position was established at 1120am. It was a slow start. Market started sold off after 1130am. However, I was being a Chicken. Instead of letting the profit run, I covered the position with only 1 R gain. That’s a shame. Poor plan execution. It should have been a [...]

Long position was established around 1135am, after watching higher lows were formed in 5-min chart, and NQ seems to be supported by yesterday’s low and moving average. Entry order was triggered by a spike of price and I was stopped with 1 R loss at the next bar.
Trade summary

Long above the high of 1130am(chicago time) [...]

In contrast to my morning analysis, I saw a new downtrend cycle was formed. Short position of NQ futures was established at 1030am (Chicago time). It was a nice candle pattern and resisted by down trending moving average. I moved my stop to break even after position was gaining 2.5-R. However, market reversed with a [...]

2nd trade of the day. Long position was established at 1215pm. That was the first pull back of new trend cycle. After getting stopped out in the first trade, I was extra patient to wait for a quality entry. Here it is. Small R. I trailed stop according to my plan and get stopped out [...]

Long position was established above 1015am candle. I was looking a high low and continuation of uptrend. Trade did not work out as expected, I was stopped out with 1-R loss.
Trade summary:

Long above high of 10th candle (1015am).
Initial stop was set below the low of 10th candle.
Stop loss was triggered.

One trade closed with 1-R loss.

From [...]