Friday, February 12, 2010

Killed a Good Trade Long NQ 11:38 am Feb. 12, 2010

I think I had a good entry. As it was taking a long time to move, I got scared of the fact that I didn't quite follow my trading plan 100% because I took the signal long off of the 2m chart rather than the 5m chart as my trading plan specifies. So as price started to approach the of the prior 5m bar, the signal, somehow I thought of resistance and I killed it. I wasn't really thinking so well, I was nervous and in my risk-averse state of mind.

So I killed but one tick more was the 5m entry, so I could definitely have stayed in there and now just take a look at your charts, we moved up a lot from here.

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