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 […]
Trading Journal
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? […]
Trade that got away 09-Oct-2006
Though I was not trading today, I kept an eye on any potential nice setup. I saw a setup in E-mini Russell 2000 futures. Though final target 161.8% fib level was not achieved, It did hit 138.2% which was good enough to cover commission and bag some profit. ER2 [photopress:ER2_15_fib_whole_day_1.jpg,full,pp_image] Q & A Is the […]
No trading 09-Oct-2006 Happy Columbus day
Dear diary, I wanted to make some trades today. However, after watching volume in the 5-min chart of ES, I give up the idea. Volume is lousy. There might be some interesting trades for stocks trader, but most likely we will be having a choppy day in index futures. So, Happy Columbus day, and I […]
Day trades that got away from 02-Oct-2006 to 06-Oct-2006
Inspired by Estocastica, I think it is a good idea to keep some “Day trades that got away” in my trading diary. It helps to improve my pattern(setup) recognition ability. Skills come from continuous practice. I have studied charts of ER2, YM and NQ for the past week, there were couple of setups that attracted […]
October 2006 : Week 1 review
Dear diary, Before I leave home for the movie “World trade Center”, I think I gotta post my ugly weekly review. Ah…I closed the week with -1.95-R loss. Total 6 trades were made, 3 in small profit/break even while the other 3 stopped with less than 1-R loss each. It seems like these few weeks, […]
