Some heavy unloading happened last night just before the close. Reducing exposure ahead of FOMC tomorrow is my guess. I have a long position this morning from 7800 with a target of 7808. Otherwise, not much is going on...

NeptunixFX Trading Journal

Made a whopping +$75 today. I had only a 50% win rate on a tight day with little room to play in. Kind of annoying, but tomorrow is another day.

NeptunixFX Trading Journal

Quiet in here today...

Plan the Trade

Bummer, the short trade from 7851 would have worked out beautifully. Oh well... next trade, please.

NeptunixFX Trading Journal

Closed at b/e. Time for a break until the bell rings...

NeptunixFX Trading Journal

Short @ 7851. SL @ 7856. TP open.

NeptunixFX Trading Journal

Out in 7853 for +32 ticks. Could be premature exit, but a profit is a profit.

NeptunixFX Trading Journal

A few minutes later...

NeptunixFX Trading Journal

So far so good. The market needs to break firmly above 7852-7855 zone before I will move my SL to b/e.

NeptunixFX Trading Journal

Picking up an early long from around 7845. TP zone is 7870. SL @ 7842.

NeptunixFX Trading Journal

So a few comments on Friday afternoon and evening. Overall, I had a good profitable day but missed a couple of opportunities along the way. Pre-bell I was long. Could have gotten waaay more from that bullish move. Bell rings and NQ starts selling ...

NeptunixFX Trading Journal

Like clock-work. Covering my shorts around 7770. Would like sell again around 7796, but we'll see.

NeptunixFX Trading Journal

And there is the spike.... pre-bell. Trying to suck in buyers. Today should be interesting. Status is I have 3 trades, 3 wins with +66 ticks so no reason to push it. 7855 could also be interesting to poke out stops.

NeptunixFX Trading Journal

Grabbed +20 ticks, long from 7808.25 to 7813.25. Notice that we are moving in a broadening top price pattern with yesterday being a bearish engulfing day. So we could see the market spike higher after the bell, only to drop lower afterward. That's ...

NeptunixFX Trading Journal

I will be looking for selling opportunities into NQ today from around 7822.

NeptunixFX Trading Journal

No one trading today?

Plan the Trade

Covered @ 7865 for +20 ticks. Thursday is on!

NeptunixFX Trading Journal

7860 was reached and even exceeded. I am poking my nose out this morning with a short position from 7870. SL @ 7876. TP open.

NeptunixFX Trading Journal

Looks like we have a nice price channel / bullish flag. If breaking to the upside, 7860 could be reached today. On the downside, it would be a test of 7800 from above.

NeptunixFX Trading Journal

Thanks magnumfreak, appreciate it. There is still room for improvement on the patience side, to be perfectly honest. I took the trade a second time after a -8 tick stop out on the first. Got +52 ticks on the second entry with 8c's, but took early ...

Plan the Trade