Buy signal at 10:12, got long at 2574.75;


E-Mini NASDAQ futures


The market spiked down to 2572.50, taking out my stop for a 2 point loss.   Later on in the day it transpired that the low of the day was in fact 2572.50, just 0.25 below where my stop was so I was perhaps slightly unfortunate to have been removed from that particular opportunity.


Later, at 13:03, there was another buy signal, went long at 2581.50;
E-Mini NASDAQ futures 


I got in at the correct level this time, almost the exact low of that small down phase.  The market rallied up to 2593 taking out my profit limit order for a gain of 10 points.


The back drop here was that the US Q2 GDP number was out at 13:30, and it came in at 1.5% against expectations of 1.4%.  Later on there was further positive news from Merkel and Hollande (Zerohedge excerpt);

"Well it had to come, hope was fading. Special delivery via telephone from her vacation (via Bloomberg)...

• *MERKEL, HOLLANDE READY TO DO ANYTHING TO PROTECT EURO REGION
• *MERKEL, HOLLANDE: EU INSTITUTIONS, STATES MUST MEET COMMITMENTS
• *PASOK'S VENIZELOS UNDERLINED NEED TO EXTEND PROGRAM TO TROIKA

Translation (for non-European-speakers): Europe promises to talk much more. Also promises to not actually do anything as long as it takes.

• Germany, France: must implement June summit conclusions quickly. Market ramps on hope that the event that ramped it in June, is implemented

In summary, the Eurozone is committed to preserving itself. Truly breaking news which will trigger all EURUSD stop losses"

Altogether the market soared higher, here's what happened after I closed out that trade;
E-Mini NASDAQ futures



This is another sign on my journey here that I need to be scaling out of positions, in order to make more of these occasions; larger trends or trend days like today where the market just keeps going one way.