Dummy day trading #29 27-September-2006: E-mini Nasdaq: Long trade closed

This is a wrong demonstration of dummy trading. This is not a valid setup. I got in E-mini Nasdaq 0900am chicago time above 845am candle. The entry was made after crude inventory report was released. It was a buying climax. It went up in my favour and end the 15-min candle in red. I was not comfortable with this kinda situation, I closed my trade before stop loss was triggered. I don't care if it moves up later, the price action is just not my type.

One trade closed with -0.57R loss.

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  1. Trader Gav - Be a better trader today » Postmortem 27-September-2006 — Pingback
    [...] Dummy day trading #29 27-September-2006: E-mini Nasdaq: Long trade closed [...]
  2. Postmortem 27-September-2006 | TraderGav.com — Pingback
    […] is too small to be mentioned, but I got no reason to feel good. In fact, I would categorize this E-mini Nasdaq trade as impulsive. An inside bar immediately after a big down candle is not an nice Long entry. […]