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

by Gav 4 Comments

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.

09 August 2006
09 August 2006

Filed Under: Dummy Collection, Trading Journal Tagged With: Dummy Trading E-mini Nasdaq, Trading Journal

Reader Interactions

Comments

  1. Gav says

    at 2:56 am

    Hi Jest,

    Glad to hear from you again. 

    Yup, no oscillator. Even the MACD shown in the chart is just for decoration.

    Reply
  2. jest says

    at 5:33 pm

    wow can see you've evovled ya, setup has got cleaner and much simpler, no oscillators?

    Reply
  3. jest says

    at 1:33 am

    wow can see you've evovled ya, setup has got cleaner and much simpler, no oscillators?

    Reply
  4. Gav says

    at 6:56 pm

    Hi Jest, Glad to hear from you again.  Yup, no oscillator. Even the MACD shown in the chart is just for decoration.

    Reply

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