It is a choppy morning. After observing flag pattern formed, and the first pull back of new uptrend cycle, I took a long position of NQ Futures at the break of flag. It started nicely, however it stuttered after moving up around 38.2% from flag pole. I moved my stop to break even , and it was triggered.
One trade closed with 0 R.
- Long above at break out of flag around 1012am. @1806.25. Entry is a little bit late.Missing out few tics.
- Stop set at recent swing low 1803.75
- Profit target is calculated by measuring height of flagpole.