Still no trade: Testing Patience

Wednesday, January 24th, 2007

I continued staying away from NQ today. I did not find any good setup before lunch hour. There was no clear strength shown from bulls and bears. NQ indeed made a reversed in the mid day. [photopress:NQ5minfulldaynotrade23Jan2007.jpg,thumb,alignleft] Now, I am kinda sitting for another test. Patience. This is another thing I have ...

Postmortem 17-Jan-2007

Thursday, January 18th, 2007

[photopress:NQ5minfull.jpg,thumb,alignleft]I have only made one trade today, after watching market till lunch hour, I decided to call it a day. No fun. It was a choppy morning. Yep, I got stopped out. In fact, that was a low probability entry. Setup was formed within a trading range. A better entry ...

Postmortem 16-Jan-2007

Wednesday, January 17th, 2007

[photopress:NQfullpictureChopFestTRIN.jpg,thumb,alignleft] I ended the day with only one trade, no gain though (well, again, $0.28 after commission. LOL). In fact, after first trade was stopped out, I was waiting for opportunity to go Long since a new uptrend trend cycle was formed. But, heck, nothing happen, it was another chop ...

No trade 11-Jan-2007; Distracted trader

Friday, January 12th, 2007

I am kinda frustrated. I just can't concentrate on trading today. And well, I missed the entry around 1035am in NQ. That's a very profitable entry.  Watching NQ making new highs without me. I call it a day now, stop wasting my time since I am not being myself.

Postmortem 10-Jan-2007 : Missing the forest again? Maybe not…

Thursday, January 11th, 2007

Did I miss the forest again? By looking at the chart of NQ after closing bell, I "should have" earned couple more Rs "if" I hold on my position instead of moving my stop to lock in early profit. (I would have been stopped out also even though I only ...

No trade; Patience vs temptation 1:0

Wednesday, January 10th, 2007

There were some swings in minutes chart of NQ. There was no clear trend, or should I say that the trend was changing couple of times, intraday. I had to be extra cautious and patient to stay out from being chopped around. I did not trade yesterday, however I saw some ...

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