Dummy day trading #44 12-Jan-2007: NQ Long trade closed

2nd trade of the day. Long position was established at 1215pm. That was the first pull back of new trend cycle. After getting stopped out in the first trade, I was extra patient to wait for a quality entry. Here it is. Small R. I trailed stop according to my plan and get stopped out with 3-R gain.

Trade summary:

• Long above the high of 1215pm candle which was also the first pull back of new trend cycle.
• Initial stop was set below 1215pm candle.
• Profit stop was triggered at 1245pm.

One trade closed with 3-R gain.

This is the last trade of the week. I call it a day now.