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.

Is the trend up or down? Would you be looking to get long or short this futures contract? Trend is up. Looking to get Long
Where would you get long/short this futures contract ? Above the high of 4th bar which is above Opening Range (OR) as well.
Where would you put the initial protective stop? Below the low of 4th bar which is below 5-MA as well
When would you stop trading for the day? After position is established
Where would you exit the position? Fib extension 38.2% and 61.8%

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Trader Gav - Gav’s trading diary » Postmortem 12-Oct-2006 — Pingback2006-10-13 01:50:34 UTC

[...] Dummy day trading #33 12-Oct-2006: YM Long trade closed [...]

Postmortem 12-Oct-2006 | TraderGav.com — Pingback2014-11-07 13:57:46 UTC

[…] diary, After getting stopped out in YM trade, I stopped trading for the day since it was around lunch time. I continued drafting my business […]

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