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 current trend cycle.
  • Initial stop loss was set at the high of 15th candle.
  • Position was closed right above Fib extension level 61.8% @1790.25

One trade closed with 1.83-R gain.

05 Jan 2007

05 Jan 2007

About Gav

A Father, Husband, Trader, and Blogger. A serious coffee addict. Started trading since 2005, trades Futures and FX.

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