“What do you want?” I am asking myself after closing the position. In fact, I had two entries to go Long NQ futures. I gave up the first one which appeared around 10am. Reason being I had a bearish view of NQ given longer time frame looked rather bearish. So I decided to wait for bollinger band expansion in 15 minute chart before deciding to go Long.

Finally, long position of NQ was established 10:05am when NQ broke out from flag, which was also the first pull back of new uptrend cycle. However, this entry was kinda toppish. And CBL trailing stop was triggered.

One trade closed with +2.01 R gain. It should be a multiple R trade, but “What do you want?” Be bold, or want more confirmation? Confirmation costs some money though.

I was once thinking maybe I should not post details of my trade online. But anyway, I continue doing this now. I just came back from office , yes, 545am (Singapore time). I received an urgent call after closing my position. My office network was infected by Virus,causing .exe files of systems being deleted. Tell you what, I HATE THIS JOB.

Ok, I took a short position around 935am (NY time). This is a dummy combining flag pattern setup. I again applied CBL trailing stop technique and closed the position with +2.51 R gain.

After watching NQ futures broke above yesterday’s high, I was waiting for the first pull back to get into Long position. Indeed, Long position was established around 1035am when NQ futures bounced from moving average. This trade, I applied CBL trailing stop instead of setting a fixed profit target.

One trade closed with + 2.81 R (after commission)

Trade summary

• Long above narrow range candle around 1035am (In 200 Tick chart)
• Initial stop set below recent swing low
• Trailing stop by applying CBL technique. Position was closed when it went below CBL.
• Time stayed in position: 13 minutes.

I have no idea what’s going on with my Tradestation. I have an nice short setup of NQ around 1050am. My sell order was triggered, and immediately I saw some big loss figure in Matrix screen. It hanged, and suddenly showed me losses. That was not synchronized with what I was looking at chart. Without hesistation, I closed my position. And you know what, I was profitable! What the heck. I ended with +0.5 R gain only.

What a crappy day. I planned my trade, but the software failed me. Forget it, I am going to call it a day.

Here is my setup. Ah well…. a multiple R setup. Argghhh….

[photopress:NQ200ticksMistake.jpg,full,alignleft]