Wednesday, October 24, 2007

My new blog

This should be a good place to write post-market impressions of my trading. Today was a wild day. NQ went down down down, formed a nice W bottom, then went right back up. I did not do a single trade today. Actually pulled the trigger on one trade but the system lagged slightly and I missed the entry so canceled the order. I went out to lunch and we had people over in the afternoon which distracted me from my trading, hence no trades. Read some interesting web material this evening. One site has a trading system that derives signals from the Nasdaq index, so I will chart the index for a while and see if it gives me different signals from the NQ chart. Another site gave some basic ideas for day trading with the trend. 1. Pivots (which I don't like for determining trend), 2. HH, HL, LH, LL, which is exactly what I do use (plus trendlines), and 3. Indicators, specifically 2 moving averages and a stoch cross.

1 comment:

Jaxon said...

OK, so this is your blog.... great