Dummy day trading #40 04-Jan-2007: NQ Long trade closed

Long position of NQ was established above 935am candle which is right above upward trending 9-MA. Stop loss was moved to break even point after 1.5-R gain. Well, I got stop out with 0-R gain.
Trade summary

  • Long above second bar high which was the first pull back of current trend cycle
  • Initial stop loss is set at the low of second bar.
  • Stop loss was moved to break even point after position was in 1.5-R gain.
[photopress:NQ5minLongtradeClosed.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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