Though we had some sell off during the opening, I did not find much trading opportunity. Instead, I saw a new uptrend cycle was formed. Long position was established around 1010am. It was a bull flag (more on chart patterns later) combined with my dummy setup.
Goals for Consistency
Consistency, consistency, this is one of the most important quality I wanna achieve. Here I have a set of goals pertaining to consistency. I got the material from an article sometimes ago. I have no idea who is the author. Anyway, here is the abstract and I have added my own ideas.I want to consistently… […]
No trade 30-Jan-2007; Change of time zone
I was looking at NQ futures, and no setup was found. Boring day for me. We are waiting for some catalysts this week. I have just adjusted the time zone of this site to Eastern time. Since all my trading and blogging activities are targeting on American market. So, in case you are browsing some […]
Postmortem 29-Jan-2007: Lack of patience
Nothing much to write about todays trade. It was the result of being impatient to wait for a good setup. I took an very poor setup. I am not going to think too much over this trade. In the business of trading, you pay for your mistake. I start testing my strategy in E-mini Russell […]
Dummy day trading #48 29-Jan-2007: NQ short trade closed
Lack of patience today, I took a lousy setup this morning, and I was punished. After waiting for around 90 minutes after opening bell, I saw a lower high in NQ futures. I took a short position around 11am (NY time), although my indicators are showing me a choppy day. One trade closed with 1 […]
Gav’s Morning Coffee 29-Jan-2007
Premarket of NQ is rather flat. No major report released today. Daily chart of Nasdaq Composite, a lower high was formed last week. Mike did a recap at his site. Ill be paying attention to that downward sloping trendline, especially if it stays unbroken and crosses the 50-day moving average. Those two lines could become […]
