Over the past few months, I have made a number of dummy trades. If you’ve read my blog, you know I have posted all my winning and losing trades here. It is very important to note down your bad trades in your trading journal. However, I think it is good to revisit good trades as […]
Trading Journal
Dummy day trading #65 26-Mar-2007: NQ Short trade closed
Short position of NQ was established around 11am. Trade did go in my favour, however, it was slow. I trailed stops and get stopped with -0.27 R loss. [photopress:NQ3min26mar2007.jpg,full,alignleft] Journal note: This is a bad trade. Firstly, It was too late for short entry. And subsequently, a long setup was formed and it was not […]
Dummy day trading #64 26-Mar-2007: NQ Long trade closed
The first trade of the week is a -R loss. I got in long position of NQ a couple of minute before 10am (right before home sales report released). Am I right or wrong for the timing? I don’t know, but I don’t trade on news, anyway. I am not going to post the chart […]
JY (Japanese Yen) daily end 22-Mar-2007
I am doing my homework and trying to understand the information I read from OMNI. There is a sell recommendation of JYM7. I pull out daily chart here. This is a trade we expect to profit within the range. OMNI resistance area is around .8585/.8588, profit target .8508/.8511. At least from my limited knowledge of […]
NQ daily chart end 21-Mar-2007
After watching couple of videos of ‘Short term trading with Oscar‘ and heard some good words from Phileo, I start to do my daytrade preparation from daily chart. This is just to identify support/resistance levels and have a view of potential market direction of the day. Here is daily chart of NQ June contract. We […]
Dummy day trading #63 20-Mar-2007: ZG Long trade closed
Does Gold always rally once a day? Just kidding. I got in long position around 1036am , trying to get into second rally. However, I was wrong. I was stopped with -1 R loss. There seems to be some problem with Tradestation order execution. My stop order was not honoured immediately. Though I saw there […]
