Long position of NQ was established above 935am candle which is right above upward trending 9-MA. Stop loss was moved to break even point after 1.5-R gain. Well, I got stop out with 0-R gain.
Trade summary

• Long above second bar high which was the first pull back of current trend cycle
• Initial stop loss is set at the low of second bar.
• Stop loss was moved to break even point after position was in 1.5-R gain.

Long position of NQ was established above high of 6th bar. I scratched the trade when it closed below 5 an 8 MA. One trade closed with -0.66 R loss.

Trade Grade:

Trade score: 4: Out at a different price from stop, but a losing trade

Execution score: 2: Followed trade entry, but closed out position before predetermined target was hit 5: Impulsive

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• Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
• Where would you get long/short this futures contract ? Above high of 6th bar which was above Opening Range and 8-MA. Hindsight, this is not a good entry, and I was lack of patience and broke the rule-entry bar should be a up bar.
• Where would you put the initial protective stop? Below the low of entry bar
• Where would you exit the position? Fib extension level 38.2% and 61.8%

This is a wrong demonstration of dummy trading. This is not a valid setup. I got in E-mini Nasdaq 0900am chicago time above 845am candle. The entry was made after crude inventory report was released. It was a buying climax. It went up in my favour and end the 15-min candle in red. I was not comfortable with this kinda situation, I closed my trade before stop loss was triggered. I don’t care if it moves up later, the price action is just not my type.

One trade closed with -0.57R loss.

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