The one minute Kicker worked well on QLD, which was triggered by action in the Naz and SP futures. Pretty much everything about this trade worked. Needed to wait around for the low vol Kicker. I would have entered earlier; however, I was distracted with system trades and caught this right when it hit.
Good thing too because I am just offsetting losses today with trades like this. Would be nice not to have the other losses, but this is trading. I have made 6 trades thus far and have 2 W, 3 L and 1 BE. The Trades are as follows:
1. CMG System Trade: -$482
2. QLD 5 Min Coil: -$92
3. QID 1 Min Fib: +$462
4. SRS System: -$282
5. NYX System: -0-
6. CMG System: +$274.50
Total P/L: -$119.50
I will be waiting for the 5 min bullish convergence on the Naz Futures for the next trade. I will most likely abandon system trades for the rest of the day unless volume and momentum pick up. The Advance Decline line is bouncing in a narrow range today. Ticks are also narrow. With wait for internals to widen before I commit to system trades.
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1 comment:
Hello!
I was wondering if you could email me at TGchats@gmail.com when you get a chance?
Thank you!
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