Dummy day trading #7 09-August-2006: E-mini Nasdaq: Long trade closed
August 10, 2006 – 12:35 amI was not prepared to get into Long position of Nasdaq or Dow today, given oil was having some crazy run. However, set up for E-mini Nasdaq Long trade was so nice that I just couldn't resist. Long position of E-mini Nasdaq was established above 930am (chicago time) candle. Trailing stop was moved twice, and position was eventually closed with 2-R gain. Again, I do not know if this trailing strategy is efficient enough, I am still working on it. Anyway, I can't complain much with this kind of profit with 1 hour work.
There was a chance for Gold trade, however, the set up was not my favourite pattern, no trade was made.
Here is 30-min chart of E-mini Nasdaq Futures. 
From the desk of Tradergav.com
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wow can see you've evovled ya, setup has got cleaner and much simpler, no oscillators?
Hi Jest,
Glad to hear from you again.
Yup, no oscillator. Even the MACD shown in the chart is just for decoration.