Man what a choppy sideways mess. We have been trading around this cloud resistance all week. Almost seems like the market is waiting for something. I think it is waiting on the eventual Trump re-election. All I know is that there is no real movement or momentum. But I have to go with what the market is telling me. Of course this setup is only good until 15:00 HST. After then it will be canceled. Let's see what happens.
Entry: 11634.25
SL: 11753
PT: 11500 or lower
Entry: 11634.25
SL: 11753
PT: 11500 or lower
Trade closed manually:
Well I got greedy folks. All traders do. I manually closed the trade right above the Monthly pivot level (not shown). You can plot it yourself if you don't believe me. It was around the 11510 level. I took the profit at 11525. Good enough for me. I know from experience that their is a lot of institutional buying that goes on around these levels. So that is why I took it there. Next time I will plot the monthly pivot levels on my yet to be published charts. Ok good enough for me. On to the next setup recruits.
Oh by the way. The contracts that I traded were the E-micro futures contract (MNQZ20) December contract. Love trading them. You all should try them.
Oh by the way. The contracts that I traded were the E-micro futures contract (MNQZ20) December contract. Love trading them. You all should try them.