Went long the daily pivot 2991.75 NQ futs. Not entirely sure if this can keep going, but this is a good example of the kinds of trades I make.
Since coming from yesterday being a fast off the morning trade, and that only happens 1/3 of the time or less, I’m taking a different strategy, and using a wider stop and just committing to the level. There is a outside chance on approach to 3000 again, AAPL goes back into a positive light, and that would bode very well for this little “bet”.
So to make it clear, its a pure odds play, looking to bank 3:1 at least, on the odds that exist on the daily pivot point.
When the trade is obviously in my favor I put stop at break even, so I don’t turn a winner into a loser. the odds stand for line to line, which means when its well in transit, it shouldn’t touch break even. If it’s up $70-120/car it’s not out of the woods yet, and could have b/e retest, just to be clear.
Have to note that the market is wayyyyy up, and this could easily stop out. I’m very used to this by now. The kind of risk I used is about $100/car, or 5 points. If your not too early, or way to late, for NQ that is usually enough.
There is also a chance this is a consolidation day, and nothing will come of this really.
So in short : ra ra ra let’s go AAPL. Alarm set, I’m going back to bed.
3 Responses to “Bot NOODLES”
noodleboy
goog = new aapl
noodle
Low of day was daily s1, plenty of time for reentering.
noodle
tried it again, long noodles doesn’t warrent nother post.