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Dummy day trading #5 04-August-2006: Mini Dow:Long trade closed

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This is a losing trade. After Non Farm payroll report was out, Mini Dow Futures had a nice gap up. Long position was established above next inside bar @ 8:00am chicago time. Initial stop was triggered with 1~R loss.

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The most interesting part of today’s trading is the experience of eCBOT exchange data down.
Here is the notice from eCBOT.

‘CBOT Update Regarding System Issue from Aug 4, 2006
On Friday, August 4, 2006, at 9:30 a.m. Chicago time, the e-cbot trading host moved all products to a closed state due to a software issue. At that time, all day orders in the system were automatically canceled. During the closed state, open auction products remained open. e-cbot markets reopened at 12:00 p.m. Chicago time. For more information please view the e-cbot bulletin 08.04.06’

On the other hand, I was a little lucky since my stop loss order was trriggered earlier as planned. Mini Dow futures reopen with a BIG gap which would be a multiple R loss.

Mini Dow & E-mini Nasdaq charts ended 03-August-2006

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Here are 30-min charts of Mini Dow and E-mini Nasdaq Futures after market closed. It was a repeat of Wednesday session. Long opportunities were found in both futures. I guess, I might need to consider getting an additional monitor or workstation to view more charts at the same time. It is a little bit tedious to day trade few futures at the same time using a laptop.

Anyway, you can’t win them all.

E-mini Nasdaq

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Mini Dow Futures

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Dummy day trading #4 03-August-2006: Mini Dow Futures: Long trade closed

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It is another good day for bulls. Mini dow had a good run. Long positon was established at 11229 above 1030am candle with initial stop below 11215. Trailing stop was moved four times after position reached 4~R gain. Subsequently, Mini Dow pulled back, and last trailing stop was triggered at 11270 with 3-R gain. I am still feeling I am moving trailing stop too early, however, before I have a complete plan, I will stick with this plan.

03 august 2006
03 august 2006

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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