Here are the pivot levels for 11-September-2006. The reason I calculate these levels, is to assist my profit taking decision in dummy trading.
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Trading Journal
Daily Pivot 08-September-2006
I am not sure if I am able to start my Tradestation today. I might call it a week early if the platform is not ready.
Here are the pivot levels for 08-September-2006. All Futures are quoted from December contracts
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Daily Pivot 07-September-2006
I start doing Pivot calculation everyday, basically, I am just plugging in High/Low/settlement price (from CME and eCBOT website) of the previous session into an spreadsheet. 5-min job.
Currently, I am using pivot levels as profit taking level for dummy trade. I have yet to implement pivot play until my tradestation 8 is up and running.
Here is the Pivot levels for 07-September-2006 trading.
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Dummy day trading #25 06-September-2006: Mini-sized Dow: Short trade closed
I got a wrong trade today. It was darn slow. A waste of time. I decided to close the trade, after staying flat for 2 hours. I defined it as a wrong trade as E-mini S&P and E-mini Nasdaq were moving actively while Dow stalled.
I see pivot S2 level at 11420, I decided to close the position around this level with 0.14-R gain.
Dow might played some catch up later, but it did not deserve my sleeping time.Today is just not my day. I decided to call it a day and SLEEP.
Postmortem will be posted later.
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1) Why would you be paying attention to this futures contract ?
I did not pay attention to it until 930am chicago time, after observing dowtrend established and dummy setup was completed.
2) Is the trend up or down? Would you be looking to get long or short this futures contract?
Down. Looking at Short
3) Where would you get long/short this futures contract ? Below 9am (chicago time) candle.
4) Where would you put the initial protective stop?
??? ??? Above 9am(chicago time) candle.
5) When would you stop trading for the day? After position was established.
6) Where would you exit the position? Stop triggered.In this case, I exited the position at Pivot S2 level after position flat for 2 hours.
Daily Pivot 06-September-2006
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Dummy day trading #23 05-September-2006: mini-sized Dow: Short trade closed
Well , I do not have a great start for the month. Short position of mini-sized Dow was established below 9:30am (chicago time) candle. 1-R gain was achieved and stop loss was moved to break even point, and it was triggered.
Well, too bad. One trade closed with loss of commission.
1) Why would you be paying attention to this futures contract ? There was a sell down with good volume during first hour. A long candle was formed.
2) Is the trend up or down? Would you be looking to get long or short this futures contract? Down. Looking at Short position.
3) Where would you get long/short this futures contract ? Below 930am(chicago time) candle
4) Where would you put the initial protective stop? Above 930am (chicago time) candle
5) When would you stop trading for the day? Immediately after position (max 2 per day) established or after 1230noon NY time
6) Where would you exit the position? Time when Stop is triggered.
Today, I experienced trading platform data feed down. Basically,price feeds were frozen after all my stop orders were entered (Thanks God). Chart was distorted due to this, I have decided not to post chart for today’s trade. Another good experience. Anything can happen.
