NQ Stopped Out

I'm getting dizzy watching this action.  This is when Ex-1 is a much better option.  We are getting the push into new prints and hitting our 1st target but the move runs out of steam and we get a big retrace.  So taking more of our postion and locking in profits is a better move in this enviorment.

Out @ 1773.50

That will do it for the week heading into the close.  If was nice to come back with 2 winners today but overall its been a tough week.  Going forward I will be looking for ways to lock in profits better and protect our capital.  All I can hope this that everyone has been here for the gains and the losses cause we are still showing an overall profit.  Have a great holiday weekend and we'll see you back on Tuesday.


P&L System Totals:

Ex-1 = $1656.50

Ex-2 = $2411.50

NQ 1st Target Hit

Out @ 1778.50

Move stop to breakeven @ 1774.00

2nd Target @ 1785.75

NQ Trade Triggered

Long 3 @ 1774.00

NQ Long Entry & Triggered

Symbol: NQ
Chart: 5m
Entry: Buy Stop @ 1774.00
Stop: 1766.50
Target 1: 1778.50
Target 2: 1785.75
Target 3: 1797.50

GC Stopped Out

Well we got a push but like everything as of late the retracements are just a deep and just as quick.

Out @ 1090.1

GC 1st Target Hit

Out @ 1091.4

Move stop to breakeven @ 1090.1

2nd Target @ 1093.6

GC Triggered

We got a nice fill this time for a change.

Long 3 @ 1090.1

Gold Long Entry

Symbol: GC
Chart: 5m
Entry: Buy Stop @ 1090.6
Stop: 1087.8
Target 1: 1091.4
Target 2: 1093.6
Target 3: 1097.1