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]

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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 ...

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