I watched the markets today, hindsight is 100%. The market totally sold off on Obama. It was a typical sell on the News day. Also there was a gap from the other day in Equities that needed to get filled, I failed to notice this! Costly mistake because today was easy money and I missed out on the party the bears were throwing....whaaaaat you didn't get the invite either?
NQ Daily source www.yahoo.com
Anyways I traded the last 15min close, I saw there was some money left in the corner so I decided to walk over there and pick it up. That's how easy this trade felt. The market was oversold and I figured if there was going to be a technical dead-cat bounce it was going to be now with a retest to the previous floor trader pivot (now resistance) @ 1320.
I got into my scalp trade right at the sweet spot and quickly grabbed a fist full of cash and high-tailed it out of there before the breakdown!
Total time in the trade today 3 minutes, profit $545.
Only if trading was this good everyday =)
NQ Tick Chart
Here is my trade report showing the trades I took. I was looking to make a few quick scalps without getting caught with my pants down.
We now have a unfilled gap higher up. I will be watching for support to come in along the mid-line and possible take a trade for the gap fill. We are now sitting at support as shown by the yellow arrow.
NQ Daily
Traders do your homework tonight. Decide where you plan to have your battles and Good Luck tomorrow!
Profit
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