I continue my paper trading today. Long position of NQ was established above 950am candle. Trend chart was up, only long position was considered. Trend chart is referring to my trend evaluation system which is built in longer time frame.
Minimum target was set at Yesterday’s high 1814.5. It was hit. I moved the initial stop loss to break even level. NQ failed to continue moving up. I exited the position at the open of 1025am candle when the previous candle (1020am) closed below moving average, and it was also the forth candle which failed to exceed last swing high.
One trade closed with 0-R gain.
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