Nasdaq Futures NQ Trading Diary

30 wins (76.92%)
2 no trade (5.12%)
7 loss (17.95%)

39/10

Not trading until January now but going to watch the markets still.


Aggressive Breakout or Classic Retest

The algos are running the show today.
Fake out of the IB, then a full measured move to the up side.
Going short against rising Appl, Msft, FB, Goog, etc. not a great idea after all.
Going long made up all the losses.

Nice breakout today

Trend is rising in the NQ so going to target towards the 16350 level and double top on the TPO chart

TP 1 hit, remainder at BE

trailing stop hit

Good start to the year, neatly down to the measured move target

first win of 2022

indeed. was going to hold for the measured move as the momentum was strong after the US data today.
However, I am starting a new challenge where I am trying to hit $10k just using 2 micro-lots.
It will give me space to set and forget for the most part and also give me time to track how many times the measured move gets hit rather than just the half move.
Then if I get to $10k and there is a high probability of hitting both the half and full measured move maybe I'll run 2 accounts and see how they go.
For now, just keeping it simple and collecting the data.

I have been with Topstep Trading for quite a while now and for the most part, I have been very happy with their offering.
If you follow the strategy that I post here I am hoping you will also see the benefits of leveraging someone else's money. Without the need to go ballistic with the risk.

My goal this year is to show that 2 micro contracts which equate to $1 at tick in the Nasdaq Futures are all you need to trade to earn a supplementary income.

If you like what I do here and you want to have a go in the future here is a link https://app.topsteptrader.com/refer/sign-up/7df36d

If you don't leverage up with TopStep but go with another firm and trade this strategy I would love to know how you get on, as each firm has different rules and targets to be met. Would be cool to know if there is any point signing up with eg. 5%ers or FTMO etc.

Good luck all for 2022. Fingers crossed it is a prosperous one.

Hit the TP shorting today

A temporary bounce is coming Friday.

it will be interesting to see if the NFP data can discourage MM from selling Treasuries.

Supposed to be a very strong report for December and so now of course rumors are starting the Fed will postpone rate hikes due to Omnicron effects on GDP, what nonsense.

Bought some contracts for the 15,630 level on the NASDAQ futures. 400 points is overdone for 1 session.

agreed, any moves on what the Fed do with their balance sheet is just nonsense. Especially at that magnitude. Luckily my current strat is more of a mechanical technical strat, so I don't have to think too much. But I would have done what you did.

nice

3 IB losses today, I am taking every set-up I see, though one of the main reasons for the losses was definitely down to these guys


I am on micro-lots, so I don't mind losing 3 times after winning twice before. It's a good reminder of why I shouldn't be trading when the Fed are scheduled to speak. I should use these days to do other things.