TraderHank’s short play in the market QQQ

Share Button

At 10:05 the Q’s had filled the gap, retested this area of Minor support twice putting in twin topping tails on the 5 minute chart and triggering a 5 minute sell in the market.  My pre-market instructions where to take the first 5 minute sell in the QQQ so I had to follow my own instructions.  This really was a beautiful sell setup in the market after the gap down, rally into the gap fill at resistance, trigger the sell at 10 am reversal time, nice void below, and with a retest and failure leaving two topping tails, I had to take the play.  Well, the euphoria ended when the next 5 minute bar turned green and putting in a bottoming tail with the next bar hitting my stop.  Now this is where most traders screw up their week, they keep trading and losing, well friends, I’m down 3 Risk units for the day and I’m done for the day.  It’s been awhile since I’ve stopped out for the day,  but you gotta leave so you can come back to play another day…   Here is the chart for my play in the QQQ

QQQmarket play
QQQmarket play
This entry was posted in Gap plays. Bookmark the permalink.