Long position was established above 1015am candle. I was looking a high low and continuation of uptrend. Trade did not work out as expected, I was stopped out with 1-R loss. Trade summary: Long above high of 10th candle (1015am). Initial stop was set below the low of 10th candle. Stop loss was triggered. One […]
Dummy Collection
Dummy day trading #42 10-Jan-2007: NQ Long trade closed
Long position of NQ was established when a new uptrend cycle formed. Observing the higher lows and higher highs in 5-min chart. This was an entry above opening range and facing yesterday high. I trailed my stop to lock in 1-R profit after the position was gaining more than 2-R and stalled at yesterday’s high […]
Dummy day trading #41 05-Jan-2007: NQ Short trade closed
Short position of NQ was established when NQ first pulled back to 18 MA. Stop was moved to break even point after 1.5-R gain. Subsequently, I trailed stop twice to protect profit. Position was closed with 1.83-R gain. Trade summary Short below low of 15th (10:20am) candle @1798.25 which was the first pull back of […]
Dummy day trading #40 04-Jan-2007: NQ Long trade closed
Long position of NQ was established above 935am candle which is right above upward trending 9-MA. Stop loss was moved to break even point after 1.5-R gain. Well, I got stop out with 0-R gain. Trade summary Long above second bar high which was the first pull back of current trend cycle Initial stop loss […]
Dummy day trading #36 17-Oct-2006: YM Long trade closed
Dear diary, Market seems to know my frustration(just fed up with them) over those people who are questioning dummy trading. It gave me some small rewards today. Short position of YM was established below the low of 6th candle (945am NY time candle). That was a fast trade. Target at Fib extension 61.8% was achieved […]
Dummy day trading #35 16-Oct-2006: NQ Long trade closed
Long position of NQ was established above high of 6th bar. I scratched the trade when it closed below 5 an 8 MA. One trade closed with -0.66 R loss. Trade Grade: Trade score: 4: Out at a different price from stop, but a losing trade Execution score: 2: Followed trade entry, but closed out […]