Snowboard!!

In Israel, we have one mountain that have a ski resort, only one! but it ours! so I just come there every weekend in the winter, why? because it's fun!!

Here I am dressed like a proper snowboard boy :)

On paper please..

Well, haven't been posting lately, since I wasn't really trading, I've had some personal stuff that kept me out of trading, but I didn't forget about the stock market, I was just acually not trading..

I have been paper trading for a while, and came up with a nice technic for figuring out real and false breakouts in NQ, you all know that NQ future is my speciality, and I intend to do "doctorate" on the subject :)

My new finding, or should I say method for breakout, is as follows:

1. Wait for a breakout.
2. Mark the pivot number (the closest to the trend line).
3. Wait 1.5 NQ points higher (or lower in short).
4. If price level hit 1.5 NQ points higher, put a buy order on 0.5 point higher than the pivot point.
5. Take profits after 2.5-3.5 NQ points.
6. If price stays within range in the following 2-3 5min bars, sell immediately at the most convenience price.

This scalp is very nice, remember that I'm a bit under capitalized so I take profits fast, and also stops are -2 points for me, I cannot afford to lose more.