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 were numbers of ask and bid orders. It hanged for a couple of seconds before it came back to fill my order. Phew….

Anyway, here is the dumb trade. Very bad entry. I need to be patient a little bit more. I am still FLAT for March.

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Journal note: Phileo at Phileo’s Picture Windows did two nice trades on ZG. I was wondering, if I am again having the same problem of missing the forest again. I tend to over concerntrate on tick-by-tick action instead of stepping back a little and look at the bigger picture. There were indeed some nice dummy spots to get into ZG trade today, and , well, I missed it all.

No dummy trade as mentioned in my Twitter box.

I made two trades on ZG today. Both were losers. First trade exceeded my R as I was using stop order instead of stop limit order as usual. That’s a mistake. First trade ended with -1.31 R loss. Second trade was stopped with -0.68 R loss (Trailing stop was triggered). End the day with -1.99 R.

I have two losing days in a row with more than 3 losing trades. I will stop trading for the week to prevent myself from revenge trading.

No dummy trade today since I can’t see any clear trend. Instead, I have made a couple of scalping trades (my BnB strategy). Long ER with -1 R loss, Short ZG with +0.31 R and Short ZG with +0.09 R (break even trade). End the day with -0.6 R loss.
Stocks index futures market still sucks, chop fest. I am focusing in Gold (ZG) market now.

Pretty tired. Chart later, maybe.

Journal note update: ER2 trade was a dumb trade. I was trying to pick oversold bottom during opening. Instead, it was flat till lunch hour and continued selling. DUMB.

Recently, actions in equity futures seems to be delayed until lunch hour. It is pretty tough for me. Well, seems like there is really a need for me to focus more on a couple of commodities. Of course, again, do it one by one. Now, it is Gold time for me. I just love this fellow. So far, March has been a flat month, well, a little bit negative now.

This is the first trade of my scalping strategy. Since it is a rather choppy day for equity futures. I had a negative view of Gold. Short position of ZG was established when Gold was stalled around upper bollinger band. My target was not achieved and I bailed out when it again stalled at middle band.

One trade closed with +0.28 R gain

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