Man, I should not have traded today. I was on medication to cure my throat infection. But, I changed my mind when looking at strong premarket. Here it is, I paid for my impatience. I got in ER too early and get chopped out. I hate this feeling. Anyway, here is my dumb trade of […]
Things to consider when designing a setup
I read Joe Ross’s chart Scan Newsletter, and he mentioned some considerations when looking/designing setups. I find it to be useful. Do I see something that happens frequently, at least as often as often as I want to trade? When the event or setup takes place, does it offer me the range of movement I […]
Trades 14-Mar-2007
No dummy trade as mentioned in my Twitter box. I made two trades on ZG today. Both were losers. First trade exceeded my R as I was using stop order instead of stop limit order as usual. That’s a mistake. First trade ended with -1.31 R loss. Second trade was stopped with -0.68 R loss […]
Trades 13-Mar-2007
No dummy trade today since I can’t see any clear trend. Instead, I have made a couple of scalping trades (my BnB strategy). Long ER with -1 R loss, Short ZG with +0.31 R and Short ZG with +0.09 R (break even trade). End the day with -0.6 R loss. Stocks index futures market still […]
BnB trading 12-Mar-2007: ZG (100oz Gold) short trade closed
This is the first trade of my scalping strategy. Since it is a rather choppy day for equity futures. I had a negative view of Gold. Short position of ZG was established when Gold was stalled around upper bollinger band. My target was not achieved and I bailed out when it again stalled at middle […]
Dummy day trading #60 12-Mar-2007: NQ Short trade closed
I made an attempt to short NQ futures when a new downtrend cycle was formed. And I got stopped out by this choppy day. Trailing stopped was triggered with -0.89 R loss. Tough. [photopress:NQ200ticks12Mar2007.jpg,full,alignleft] Journal note: This is a bad entry. Trying to dummy trade when everything was still in the range. Dumb trade.
