Archive for the Emini futures Category
I haven't posted for a wee while and the reason being was that my mind was completely preoccupied with some other things of which I won't bore you with. I have thought about my trading however and have been frustrated how difficult it just is. I have been attempting to trade the markets for what seems like ages yet still, I don't seem any closer to cracking it. There are times of brilliance and times of sheer despair and frustration.... for those who have been following my blog, you'll note that
June 30, 2008
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I saw a nice descending triangle form on the 5 min SP charts today as you can see... I have drawn in the descending triangle on the chart and the baseline. I shorted at the top of the triangle but as it had already made almost a triple bottom, I was expecting it to fall through netting big bucks! However, the fourth time it reach the baseline, it didn't fall through but bounced up stronger and through the triangle, taking out my stop. I feel frustrated that it didn't work out.. I was a nice +2 p
June 11, 2008
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Following on from the previous post, there was a breakdown of the downward pattern and I went long at 1357. The stochastics were looking good in both the 1 and 5 mins so I went for it.
However, I took profit at 1359 as the stochastics were looking to cross as you can see in the chart.. the market may well go higher as the stochastics have more to go in the 5 mins but I don't want to risk it!
I got +2 points which isn't a bad result!
June 10, 2008
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