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 […]
Trading Journal
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 […]
October 2006 : Week 2 review
Dear diary Before I leave home for coffee and movie “The Departed”, here is my result of the week. The trade on Friday, the 13th, it turns my weekly result from red to break even. Only 3 trades were made this week. Two losers with 1-R loss each and one winner with 2-R gain. Nothing […]
Dummy day trading #34 13-Oct-2006: NQ Long trade closed
Long position of NQ was established above 9th bar high. I closed that position at 17th bar, with 2.09-R gain (+6.5 points in NQ). I closed the position at Fib extension 38.2% as it is 2am in Singapore. That’s a better way to end the week. Trade score :1 – Target hit Execution score: 1 […]
Trades that Got away 12-Oct-2006
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 […]
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 […]
