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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