NQ trades for 8/09/13

I've decided to switch over to the E-mini NASDAQ-100 Futures (NQ). At only $5.00 per tick, instead of $12.50 for the ES, it's less damaging to my account when I'm wrong. Of course, it's also less rewarding, if I'm correct on a trade.

Trade #1 - Saw about 8-10 good trading opportunities, but as usual, only took 1. Well, maybe today I can be forgiven, as it's my first day trading the NQ. After hesitating on entering so many good trades, I decided to finally act. Market was see-sawing all day. Entering the final couple of hours of trading, it was in a downward trajectory. On a pullback to the upper trend line and with a bearish bar completed forming, I went long at around 14:23 @3121.00. Took some heat, as prices went up to 3123.75. In hindsight, I should have waited to enter on a 2nd entry short, which came one bar after my entry. Prices then proceeded to head straight to the lower trend line. Hit my target at around 14:35 @3118.50 for +2.50 pt.

8/09/13 NQ chart