I have couple of trades that got away today. The market ran away without me. Dummy setups appeared in both 15-min and 30-min charts. So, I think it does not make sense to complain about trading time frame. A setup is a setup. Dummy is still dummy. NQ 15s’ [photopress:got_away_NQ.jpg,full,pp_image] Is the trend up or […]
Blog and Rants
Dummy day trading #33 12-Oct-2006: YM Long trade closed
Dear diary, Long position of YM was established above high of 4th bar. However, I was stopped out. One trade closed with 1-R loss. I will stop trading for the day and continue writing my business plan. [photopress:YMZ06_15_trade_closed_1.jpg,full,pp_image] Is the trend up or down? Would you be looking to get long or short this futures […]
Trade that Got away 11-Oct-2006
I saw an opportunity for quick scalp. That was not a dummy trade, and that was why I left it out. After opened with a gap down, NQ gathered strength again. I was watching it closely when It closed above OR(opening range) and Fib extension. This shows some positive signs to me. Possible entry would […]
Postmortem 11-Oct-2006
Dear diary, It was an interesting day. All indices in my watchlist were having opening gap down. And….you know, I thought they might be a couple of short trades. It went up and filled the gap. The only potential candidate was NQ. I was watching it closely when it moved above OR(opening range) and above […]
Postmortem 10-Oct-2006
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 […]
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? […]
