Dummy day trading #20 23-August-2006: E-mini Nasdaq: Short trade closed

What a week. most likely I am going to post my first negative performance chart this weekend.  Short position was established below 12 noon bar. Again, today I was stopped out with 1-R loss.
I got a string of losses, though Rs are small.

Ok. time to sleep. Postmortem will be posted later.

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

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 posted after I get some sleep.

[photopress:ES_30_min_trade_close.JPG,full,centered]

Dummy day trading #18 22-August-2006: Mini-sized Dow: Long trade closed

Long position of mini-sized Dow was taken above 10am (chicago time) candle. And I was stopped out with 1-R loss.

[photopress:mini_dow_30min_trade_close.JPG,full,centered]

Dummy day trading #17 21-August-2006: E-mini Nasdaq: Short trade closed

History repeats itself again, I have a reddish Monday. Short position of E-mini Nasdaq was established below 930am (chicago time) candle. And I was 2 ticks away from my break even point. 2-ticks , so near , yet , so far.

One trade closed with 1-R loss.

Dummy day trading #16 17-August-2006| E-mini Nasdaq| Short trade closed

Though I did read the cautious words from Mike’s blog about options expiration, I decided to trade if any dummy set up was found. Short position of E-mini Nasdaq was established below 10am (chicago time) candle. It took 1 hour to stop me out. Darn! However, everything was done by following my rules.

One trade closed with 1-R loss.

[photopress:Nasdaq_30min_trade_close.JPG,full,centered]

Technorati Tags: E-mini, Nasdaq, trading journal

powered by performancing firefox

Dummy day trading #15 16-August-2006:E-mini Nasdaq:Long trade closed

This is the result of let your profit run. Long position of E-mini Nasdaq was established above 9am (chicago time) candle. After closed Dow Mini position prematurely, I have decided to let E-mini Nasdaq position run. Indeed, it was a good decision. Trade closed with nice 3-R gain. I was just too tired at this point of time (mind you , it was 3am in Singapore Zzzzz).
Finally, I am turning black for this week.

This is 30-min chart of E-mini Nasdaq

16 August 2006

16 August 2006