2006 November 07 | Gav's trading blog

Archive for November 7th, 2006

Trade that got away 06-Nov-2006

Posted on November 07th, 2006 in Trading Journal

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)

From the desk of Tradergav.com

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

Posted on November 07th, 2006 in Trading Journal

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 Fib level and it seemed [...]

Tags: Dummy Trading E-mini S&P, Trading Journal

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