Dummy day trading #7 09-August-2006: E-mini Nasdaq: Long trade closed

I was not prepared to get into Long position of Nasdaq or Dow today, given oil was having some crazy run. However, set up for E-mini Nasdaq Long trade was so nice that I just couldn't resist. Long position of E-mini Nasdaq was established above 930am (chicago time) candle. Trailing stop was moved twice, and position was eventually closed with 2-R gain. Again, I do not know if this trailing strategy is efficient enough, I am still working on it. Anyway, I can't complain much with this kind of profit with 1 hour work.

There was a chance for Gold trade, however, the set up was not my favourite pattern, no trade was made.

Here is 30-min chart of E-mini Nasdaq Futures.