Thursday, October 23, 2008

NQ Trades 10/23

Another one of those crazy days where the candles of the 5 min chart are threaded onto the MAs like kebabs ready to be grilled:


Was paying more attention to the 30min chart to keep track of how much NQ had moved up / down (on a mildly crazy day, a near 40-50 point move is followed by an approximate 20-30 point retracement on the 30min chart).

Entry and exit totally based on what I was seeing on the tape (was using IB's BookTrader).

My eyes are seeing double now, so am calling it a day.


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