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Gav's trading blog - Perseverance, Consistency, Confidence

Dummy day trading #46 17-Jan-2007: NQ Long trade closed

by Gav

Long position was established around 1135am, after watching higher lows were formed in 5-min chart, and NQ seems to be supported by yesterday's low and moving average. Entry order was triggered by a spike of price and I was stopped with 1 R loss at the next bar.

Trade summary

  • Long above the high of 1130am(chicago time) candle.
  • stop loss is set below the trigger candle
  • Trade was stopped out.
One trade closed with 1 R loss.

Comments

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  1. Edward
    The chop monster was in full action early on today. Good job keeping your risk under control under such uncertainty.
  2. Edward
    The chop monster was in full action early on today. Good job keeping your risk under control under such uncertainty.
  3. Gav
    Ah, chop monster.? On hindsight, my entry was not excellent. In fact, i was taking extra risk by entering the trade within the trading range. I read you managed to grab more than 3 points in ER trade today, that's cool!
  4. Trader Gav » Blog Archive » Review week ended 19-Jan-2007 — Pingback
    [...] This week, I did not achieve my target. Only two trades were made with 1 break even and 1 loser. It was a short week with options expirations going on. But these should not be the excuse for this result. I guess the possible problem might the trade on 17-Jan-2007 , I was too eager to entry a trade while it was still in trading range. [...]
  5. Review week ended 19-Jan-2007 | TraderGav.com — Pingback
    […] on. But these should not be the excuse for this result. I guess the possible problem might the trade on 17-Jan-2007 , I was too eager to entry a trade while it was still in trading […]

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