Dummy day trading #50 01-Feb-2007: NQ Long trade closed

Long position was established at 940am when a flag pattern and dummy spot were found. This is another pattern trade, so target is set by using the height of flag pole. Target was not achieve, however, it was near, I closed the position when uptrend seems to be weaker.

One trade closed with +1.56 R gain.

01 Feb 2007

01 Feb 2007

Trade summary

  • Long at 940am, when NQ broke out from flag.
  • Initial stop was set at last swing low.
  • Target set by measuring height of flag pole.
About Gav

A Father, Husband, Trader, and Blogger. A serious coffee addict. Started trading since 2005, trades Futures and FX.

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