Long position of NQ was established above 9th bar high. I closed that position at 17th bar, with 2.09-R gain (+6.5 points in NQ). I closed the position at Fib extension 38.2% as it is 2am in Singapore. That’s a better way to end the week. Trade score :1 – Target hit Execution score: 1 […]
Trading Journal
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. [photopress:YMZ06_15_trade_closed_1.jpg,full,pp_image] Is the trend up or down? Would you be looking to get long or short this futures […]
Dummy day trading #32 10-Oct-2006: YM short trade closed
This is a trade that did not work out as planned. Shorted YM, with 1-R loss. This is a small loss. Looking at the chart, maybe I should look for even narrower bar for entry. Anyway, exited the trade as planned since the setup failed to work. [photopress:orig_YM_15_trade_closed_1.jpg,full,pp_image] Q&A Is the trend up or down? […]
Dummy day trading #31 02-Oct-2006: YM Long trade closed
Dear diary, This is the last trade of the day. I got in Long position of YM again, after it pulled back to moving average and a dummy setup appeared, very nice narrow range candle. TICK closed at 401. I was stopped out with 1-R loss. In fact, there was a divergence in which TICK […]
Dummy day trading #30 02-Oct-2006: YM Long trade closed
Dear diary, This week is kinda experimental for me. I am integrating NYSE TICK and TRIN into my trading. So, it is experimental, and I’ve just made a stupid trade. Not dummy trading, but stupid trading. I got in Long position of YM (Mini-sized Dow) in 15-min chart after getting a dummy setup with narrow […]
Dummy day trading #29 27-September-2006: E-mini Nasdaq: Long trade closed
This is a wrong demonstration of dummy trading. This is not a valid setup. I got in E-mini Nasdaq 0900am chicago time above 845am candle. The entry was made after crude inventory report was released. It was a buying climax. It went up in my favour and end the 15-min candle in red. I was […]