Archive for October 12th, 2006
Thursday, October 12th, 2006
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 ...
Posted in Trading Journal | 1 Comment »
Thursday, October 12th, 2006
I saw an opportunity for quick scalp. That was not a dummy trade, and that was why I left it out. After opened with a gap down, NQ gathered strength again. I was watching it closely when It closed above OR(opening range) and Fib extension. This shows some positive signs ...
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Thursday, October 12th, 2006
Dear diary, It was an interesting day. All indices in my watchlist were having opening gap down. And....you know, I thought they might be a couple of short trades. It went up and filled the gap.The only potential candidate was NQ. I was watching it closely when it moved above ...
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