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

by Gav 5 Comments

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.

[photopress:NQ5minClosed.jpg,full,pp_image]

Filed Under: Dummy Collection, Trading Journal Tagged With: Dummy Trading E-mini Nasdaq, Trading Journal

Reader Interactions

Comments

  1. Edward says

    January 17, 2007 at 11:58 pm

    The chop monster was in full action early on today. Good job keeping your risk under control under such uncertainty.

    Reply
  2. Edward says

    January 18, 2007 at 7:58 am

    The chop monster was in full action early on today. Good job keeping your risk under control under such uncertainty.

    Reply
  3. Gav says

    January 18, 2007 at 8:51 am

    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!

    Reply

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I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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