Dear diary, It was another choppy day. The market failed to con me for another trade as I was being strict on my entry now. Looking back at the chart, I would have jumped into the YM trade again. Well, the setup was formed, and I did not know what was going to happen at […]
Archives for October 2006
Dummy day trading #32 10-Oct-2006: YM short trade closed
This is a trade that did not work out as planned. Shorted YM, with 1-R loss. This is a small loss. Looking at the chart, maybe I should look for even narrower bar for entry. Anyway, exited the trade as planned since the setup failed to work. [photopress:orig_YM_15_trade_closed_1.jpg,full,pp_image] Q&A Is the trend up or down? […]
Trade that got away 09-Oct-2006
Though I was not trading today, I kept an eye on any potential nice setup. I saw a setup in E-mini Russell 2000 futures. Though final target 161.8% fib level was not achieved, It did hit 138.2% which was good enough to cover commission and bag some profit. ER2 [photopress:ER2_15_fib_whole_day_1.jpg,full,pp_image] Q & A Is the […]
No trading 09-Oct-2006 Happy Columbus day
Dear diary, I wanted to make some trades today. However, after watching volume in the 5-min chart of ES, I give up the idea. Volume is lousy. There might be some interesting trades for stocks trader, but most likely we will be having a choppy day in index futures. So, Happy Columbus day, and I […]
Links: Trader’s development
This series of posting is to keep track of articles that I have found to be useful to my development as trader. Here is the most recent trading readings in my del.icio.us Trader’s development PowerSwings.com by Teresa Lo ? Blog Archive ? Tell me something I don?t know Technical Trading Rules Day Trading for Beginners […]
Day trades that got away from 02-Oct-2006 to 06-Oct-2006
Inspired by Estocastica, I think it is a good idea to keep some “Day trades that got away” in my trading diary. It helps to improve my pattern(setup) recognition ability. Skills come from continuous practice. I have studied charts of ER2, YM and NQ for the past week, there were couple of setups that attracted […]
