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 […]
Blog and Rants
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
Grading my trade and myself
I have been thinking of grading my trades and execution. There are indeed some bloggers grading their trades. Trader-x grading his trade setup with alphabets (A, A+…etc), J.C from NYSE scalper’s tales grading his daily trades as well: I’m going to re-define what I consider a good trade and a bad trade. Since I’m not […]
No smoking please.
I found this comic on the web which is the best illustration of how do people in South east Asia feel. We are haunted by haze. [photopress:comics061015.jpg,full,pp_image] Quote from Reuters AlertNet Haze from the Sumatra and Borneo fires blanketed neighbouring Malaysia and Singapore in past weeks, sending air quality to unhealthy levels and disrupting flights […]
