Archive for October 14th, 2006

Dear diary
Before I leave home for coffee and movie “The Departed“, here is my result of the week.
The trade on Friday, the 13th, it turns my weekly result from red to break even. Only 3 trades were made this week. Two losers with 1-R loss each and one winner with 2-R gain.
Nothing much to write [...]

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Dear diary,
So bulls just don’t want to give up. I can’t remember when did I start hearing or reading about ‘We are overbought‘, ‘We are deeply overbought‘. Right now, the market proves again my own philosophy , ‘High will get higher, cheap will get cheaper‘. So, next week we are going to see profit taking, [...]

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 – Followed trade [...]

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