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Dummy day trading #52 05-Feb-2007: NQ Long trade closed

by 5 Comments

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

[photopress:NQ200ticktradeclosed05Feb2007.jpg,full,alignleft]

Trade summary

  • 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.

Dummy day trading #51 02-Feb-2007: NQ Long trade closed

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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.

[photopress:NQ200ticktradeclosed02Feb.jpg,full,alignleft]

Trade summary

  • 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.

Dummy day trading #50 01-Feb-2007: NQ Long trade closed

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Long position was established at 940am when a flag pattern and dummy spot were found. This is another pattern trade, so target is set by using the height of flag pole. Target was not achieve, however, it was near, I closed the position when uptrend seems to be weaker.

One trade closed with +1.56 R gain.

01 Feb 2007
01 Feb 2007

Trade summary

  • Long at 940am, when NQ broke out from flag.
  • Initial stop was set at last swing low.
  • Target set by measuring height of flag pole.

Dummy day trading #49 31-Jan-2007: NQ Long trade closed

by 1 Comment

Though we had some sell off during the opening, I did not find much trading opportunity. Instead, I saw a new uptrend cycle was formed. Long position was established around 1010am. It was a bull flag (more on chart patterns later) combined with my dummy setup. [Read more…] about Dummy day trading #49 31-Jan-2007: NQ Long trade closed

No trade 30-Jan-2007; Change of time zone

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I was looking at NQ futures, and no setup was found. Boring day for me. We are waiting for some catalysts this week.

I have just adjusted the time zone of this site to Eastern time. Since all my trading and blogging activities are targeting on American market. So, in case you are browsing some archieve of this blog (Thank you), and find some alignment problems of posting date, please switch to the next day, since all posting before today were written based on Singapore time (GMT +8). I am trying to do some tricks in database, let’s see if I can fix this problem.

Another note, I am experiencing big amount of spams recently, and I have the put plugins like Bad Behavior and Spam Karma 2 to work. In case, your comment was accidentally black listed, please shoot a email at my contact page.

I have been wasting too much time on this stupid web hosting and blogging stuffs. Now it is time to focus on trading to earn my air tickets.

Dummy day trading #48 29-Jan-2007: NQ short trade closed

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Lack of patience today, I took a lousy setup this morning, and I was punished. After waiting for around 90 minutes after opening bell, I saw a lower high in NQ futures. I took a short position around 11am (NY time), although my indicators are showing me a choppy day.

One trade closed with 1 R loss. [photopress:NQ5minShorttradeclosed.jpg,full,alignleft]

Trade summary:

  • Short below the low of 1055am candle.
  • Intial stop set at last swing high
  • Stop was triggered.

I will stop for the day. This should be an exciting week