So far, it has been a choppy morning. All my indicators are showing nothing interesting.?Market is rather flat. There might be some action in the afternoon, but I am calling it a day now. Cough syrup has caused some drowsiness. I just need to catch some sleep now.
Trading Journal
TICK Band trading #02 21-Nov-2006: ES Long trade closed
Pre-market was weak. Nothing was really exciting today. I was looking for opportunity to scalp ES. Another TICK Band setup was formed. After Intraday high was tested twice and failed to be cleared, I was looking for opportunity to get long and targeted at day high. Long above high of 7th bar Stop set at […]
TICK Band trading #01 20-Nov-2006: ES Long trade closed
I do not label this as a dummy trade. The entry was not really a narrow range bar. Instead I have established a new category called TICK Band. This trade was made based on NYSE TICK behavior. The strategy is to catch the short term momentum in the market and trade along the direction in […]
Boring…Zzzz 13-Nov-2006
I guess it might be Richard who builds a dam. The river is not flowing today. What a boring Monday. No trade. I am going to have a early night then.
Dummy day trading #39 08-Nov-2006: ES Short trade closed
After gap down, and downtrending moving averages I was looking at short opportunity. I shorted ES, however, I was stopped out immediately. One trade closed with 1-R loss. Short below the low of 6th bar, which was resisted by 5-EMA. After short position was stopped out, ES formed a channel with higher highs and higher […]
Dummy day trading #38 07-Nov-2006: ES Long trade closed
Long position of ES was established when it pulled back to 20-EMA. I did not take profit when it hit last swing high (It was 1-R gain at this point of time), and it was Pivot R1 level as well. Instead, I moved my stop to break even which was below 5-EMA. I am thinking […]
