Long position was established around 1041am (NY time), which was the first pull back of new uptrend cycle. This was the second time NQ trying to test last Friday’s high. I was wrong . Stop loss was triggered with 1 R loss. Since the second attempt of previous high failed, NQ seems to be trapped in the trading range. I am out for the day, cough syrup causes some drowsiness now.
One trade closed with -1 R loss
- Long above narrow range candle around 1041am , which was breaking out from a flag pattrn as well.
- Stop loss set at recent swing low.
- Stop loss was triggered with 1 R loss.