Dummy day trading #51 02-Feb-2007: NQ Long trade closed

It is a choppy morning. After observing flag pattern formed, and the first pull back of new uptrend cycle, I took a long position of NQ Futures at the break of flag. It started nicely, however it stuttered after moving up around 38.2% from flag pole. I moved my stop to break even , and it was triggered.

One trade closed with 0 R.

[photopress:NQ200ticktradeclosed02Feb.jpg,full,alignleft]

Trade summary

  • Long above at break out of flag around 1012am. @1806.25. Entry is a little bit late.Missing out few tics.
  • Stop set at recent swing low 1803.75
  • Profit target is calculated by measuring height of flagpole.
About Gav

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

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