Dummy day trading #31 02-Oct-2006: YM Long trade closed

Dear diary,

This is the last trade of the day. I got in Long position of YM again, after it pulled back to moving average and a dummy setup appeared, very nice narrow range candle. TICK closed at 401. I was stopped out with 1-R loss.

In fact, there was a divergence in which TICK was making a lower highs while YM trending up. I will talk to you more later.

Here is the chart after closing the trade.

[photopress:YMZ06_15_trade_closed_2nd.jpg,full,pp_image]

About Gav

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

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