Archive for November 7th, 2006

Trade that got away 06-Nov-2006

Tuesday, November 7th, 2006

This is 5-min chart of YM. YM started the day with a gap up and pulled back to 5-EMA. A nice dummy spot. Uptrend. Long above high of 4th narrow range candle, which was also supported by 5-EMA. Target at Fib extension 100%. (It hit 168.1% at close) [photopress:YM_LBR_got_away.jpg,full,pp_image]

Dummy day trading #37 06-Nov-2006: ES Long trade closed

Tuesday, November 7th, 2006

Ok, a coward can't make big money. Mistake of the day was not taking position of YM and ES in the first 30 min. I was not confident enough. Here is a trade with second setup found in ES. I scratched the trade with 0.32-R gain. ES was hanging at 61.8 ...

Disclaimer: Tradergav.com is NOT an investment,trading, legal, or tax advisor, and none of the information available through tradergav.com is intended to provide tax, legal, investment or trading advice.Nothing provided through tradergav.com constitutes a solicitation by tradergav.com of the purchase or sale of securities/futures.

< ? Market Blogs £ >