In contrast to my morning analysis, I saw a new downtrend cycle was formed. Short position of NQ futures was established at 1030am (Chicago time). It was a nice candle pattern and resisted by down trending moving average. I moved my stop to break even after position was gaining 2.5-R. However, market reversed with a strong big candle. I was stopped out.
- Short below the low of 13th candle.
- Initial stop loss was set above 13th candle.
- Stop was moved to break even after position was gain more than 2.5 R. And stop was triggered.
One trade closed with 0 R (after commission)