Dummy day trading #34 13-Oct-2006: NQ Long trade closed
October 14, 2006 – 1:58 amLong position of NQ was established above 9th bar high. I closed that position at 17th bar, with 2.09-R gain (+6.5 points in NQ). I closed the position at Fib extension 38.2% as it is 2am in Singapore.
That’s a better way to end the week.
Trade score :1 - Target hit
Execution score: 1 - Followed trade as dictated in my plan
- Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
- Where would you get long/short this futures contract ? Above high of 9th bar which is a narrow range bar, above opening range and moving average.
- Where would you put the initial protective stop? Below the low of entry bar
- Where would you exit the position? Fib extension 38.2%
From the desk of Tradergav.com
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