Dummy day trading #29 27-September-2006: E-mini Nasdaq: Long trade closed

This is a wrong demonstration of dummy trading. This is not a valid setup. I got in E-mini Nasdaq 0900am chicago time above 845am candle. The entry was made after crude inventory report was released. It was a buying climax. It went up in my favour and end the 15-min candle in red. I was not comfortable with this kinda situation, I closed my trade before stop loss was triggered. I don’t care if it moves up later, the price action is just not my type.

One trade closed with -0.57R loss.

[photopress:nasdaq_15_trade_closed.jpg,full,pp_image]

About Gav

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

Follow me at Twitter and Google+

Speak Your Mind

*