Dummy day trading #53 07-Feb-2007: NQ Long trade closed
February 7, 2007 – 11:12 amAfter watching NQ futures broke above yesterday’s high, I was waiting for the first pull back to get into Long position. Indeed, Long position was established around 1035am when NQ futures bounced from moving average. This trade, I applied CBL trailing stop instead of setting a fixed profit target.
One trade closed with + 2.81 R (after commission)
Trade summary
- Long above narrow range candle around 1035am (In 200 Tick chart)
- Initial stop set below recent swing low
- Trailing stop by applying CBL technique. Position was closed when it went below CBL.
- Time stayed in position: 13 minutes.
From the desk of Tradergav.com
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This was a great day to be trading. Nice trade.
@Edward: Yeah, it was a good day. But I see ER2 providing more opportunities than NQ recently. Market focus seems to be shifted to small cap now.
Nice trade Gav! Futures is a tough market to trade.
@Zoomie: Thanks! btw, thanks for the tips on deleting cache of TS. Now it seems to be working fine.