I made an attempt to short NQ futures when a new downtrend cycle was formed. And I got stopped out by this choppy day. Trailing stopped was triggered with -0.89 R loss. Tough. [photopress:NQ200ticks12Mar2007.jpg,full,alignleft] Journal note: This is a bad entry. Trying to dummy trade when everything was still in the range. Dumb trade.
Trading Journal
Just some quick updates
Again, I am facing the same ‘problem’. I have not been trading since starting of March. With my current style of trading which is very much trend-following stuffs, so, I simply did not have any setup to get in. I am not so concerned about this “problem”, basically, I am just not trading, and the […]
Hands Free
I have not made a single trade since starting of March. Missed one entry yesterday, can’t find one today. Futures opened with gap and stays flat. I will spend the day reading instead. Andy Swan wrote a simple but powerful post Think Big-> Do Big , at his blog. check it out.
Trend table 05-Mar-2007
Well, everything is still down. There is no change of trend table.
Structure your Entry, a suggestion
Years ago, when I was reading Alexander Elder’s Trading for a Living: Psychology, Trading Tactics, Money Management, the triple screen idea caught my attention. I thought it was a great idea for my swing trading. The basic idea is to have a broader view of your trading time frame, looking at the bigger picture before […]
Sudden and unexpected?
I am not trying to be an expert to give market commentary. Just some observations during my weekend studies. If NYSE TICK was telling me something, here it is. Ok , hindsight. We had a divergence between NYSE TICK and S&P at 22-Nov-2006 when S&P was making a new high and TICK data did not […]
