Dear diary, [photopress:picsrv.manutd.com.jpg,full,pp_image] Manchester United rocks! I know Rooney is getting back to his best form soon. Go Man U go! I did not have any trade for ‘Trades that got away’ posting today. The only low-risk dummy trade was the YM trade. Looking at the charts of index futures in my watchlist (ER2, ES, […]
Archives for October 2006
Dummy day trading #36 17-Oct-2006: YM Long trade closed
Dear diary, Market seems to know my frustration(just fed up with them) over those people who are questioning dummy trading. It gave me some small rewards today. Short position of YM was established below the low of 6th candle (945am NY time candle). That was a fast trade. Target at Fib extension 61.8% was achieved […]
Postmortem 16-Oct-2006
Dear diary, It was not a strong day. I made a trade and scratched it 2 hours later as It failed to form the setup I was looking for. I categorized this entry as implusive. Yup, it was a valid dummy setup, however, in my trading plan, it would only got Long above a UP […]
Trades that got away 16-Oct-2006
It was not a strong day for index futures, but there were couple of set ups for quick profit (well, if only I caught it). This is NQ. It was not a good setup, but it showed me how the setup works with 20-MA. Potential entry would be above high of 14th bar. Noted it […]
Dummy day trading #35 16-Oct-2006: NQ Long trade closed
Long position of NQ was established above high of 6th bar. I scratched the trade when it closed below 5 an 8 MA. One trade closed with -0.66 R loss. Trade Grade: Trade score: 4: Out at a different price from stop, but a losing trade Execution score: 2: Followed trade entry, but closed out […]
25 rules of trading discipline by Douglas E. Zalesky
Here are the 25 rules of trading discipline by Douglas E. Zalesky
