Dummy day trading #39 08-Nov-2006: ES Short trade closed

Thursday, November 9th, 2006

After gap down, and downtrending moving averages I was looking at short opportunity. I shorted ES, however, I was stopped out immediately. One trade closed with 1-R loss. Short below the low of 6th bar, which was resisted by 5-EMA. After short position was stopped out, ES formed a channel with higher ...

Dummy day trading #38 07-Nov-2006: ES Long trade closed

Wednesday, November 8th, 2006

Long position of ES was established when it pulled back to 20-EMA. I did not take profit when it hit last swing high (It was 1-R gain at this point of time), and it was Pivot R1 level as well. Instead, I moved my stop to break even which was ...

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 ...

Dummy day trading #19 22-August-2006: E-mini S&P: Long trade closed

Wednesday, August 23rd, 2006

This is the second , and the last trade of the day. Long position of E-mini S&P was taken above 930am (chicago time) candle. Again, I was stopped out with 1-R loss. Jessss...3 losses in a row, guess it is time for me to look for holy grail now... (BS..). Postmortem will be ...

Dummy day trading #11 15-August-2006:E-mini S&P:Long trade closed

Tuesday, August 15th, 2006

First trade of the day was a loss, and I was a loser. However, I deserved the loss. It was the result of lack of discipline to follow my trading rules, that is never enter a trade during the first hour of stocks market opening. I was eager to enter ...

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 £ >