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Gav's trading blog - Perseverance, Consistency, Confidence

Dummy day trading #40 04-Jan-2007: NQ Long trade closed

by Gav

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 is set at the low of second bar.
  • Stop loss was moved to break even point after position was in 1.5-R gain.

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  1. Trader Gav - Gav’s trading diary » Review week ended 05-Jan-2007 — Pingback
    [...] It was a short week due to holidays. I only made two trades, with one break even and one winner. Result should have?been better. I failed to pull the trigger on Wednesday which I ended up watching market running without me. Ah well…. [...]
  2. Review week ended 05-Jan-2007 | TraderGav.com — Pingback
    […] was a short week due to holidays. I only made two trades, with one break even and one winner. Result should have?been better. I failed to pull the trigger on Wednesday which I […]

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