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Dummy Trading Mini Dow

RE: Dummy day trading 02-August-2006

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Here is the recap of Mini Dow and E-mini Nasdaq Futures, let’s look at the full picture of today’s action. It involved a little bit of luck, I exited Long position of Mini Dow near the top of the day after hitting 2~R gain. Mini Dow futures pulled back after hitting 11255, and failed to make new high in the rest of the trading day.

30-min chart of Mini Dow Futures

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I had, in fact, missed out LONG opportunity of E-mini Nasdaq. Initial R was a little bit bigger comparing to Mini Dow. I was trading on a single screen Laptop, it was a little bit troublesome to switch around my chart/spreadsheet/calculator windows. Mini Dow and Nasdaq took off around the same time , so, too bad, I can’t have it all.

30-min chart of E-mini Nasdaq Futures

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Dummy day trading#3 02-August-2006:Mini Dow: Long trade closed

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It is a nice day for bulls. Long trade setup was completed around 930am (Chicago time). Long position was established at 11200. The rest of the trade was pretty simple ~ Be patient and wait. Stop was moved thrice after gaining 1-R, 2-R, and 3-R. Stop was triggered at 2-R stop , which was 11236. One trade closed with 2-R gain. Here is the 30-min chart of Mini Dow Futures.

02 august 2006
02 august 2006

Dummy day trading #2 01-August-2006: Mini Dow: Short trade closed

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Short position of Mini Dow was established at 11134 with initial stop at 11152. Trailing stop was moved to break even point after 1-R gain was achieved at 1117. Mini Dow made a small rebound back, and my trailing stop was triggered! That's today's trading. One trade closed, with no gain. I am thinking if I am moving stop to break even a little too early. Anyway, that's the plan.

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Here is the full picture of the day

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