Dummy day trading #53 07-Feb-2007: NQ Long trade closed

After 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)

07 Feb 2007

07 Feb 2007

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.
About Gav

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

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Comments

  1. This was a great day to be trading. Nice trade.

  2. This was a great day to be trading. Nice trade.

  3. @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.

  4. @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.

  5. Nice trade Gav! Futures is a tough market to trade.

  6. Nice trade Gav! Futures is a tough market to trade.

  7. @Zoomie: Thanks! btw, thanks for the tips on deleting cache of TS. Now it seems to be working fine. 🙂

  8. @Zoomie: Thanks! btw, thanks for the tips on deleting cache of TS. Now it seems to be working fine. 🙂

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