Archive for the Emini futures Category
I shorted the DOW when it broke the trendline at 9740 or so.. however, it wasn't the perfect entry as the market bounced from this area of support to go north... I had a stop at 9780 which was the previous high but nonetheless, my short wasn't ideal as short trades should be entered on a long countertrend.
I had to watch the market go against me 30 points or so before it tanked.. it went past my entry point and I took profits at the round number 9700 for 40 points which wasn't bad. However, t
September 30, 2009
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Yes, I'm afraid that I haven't updated the blog in a while. I took 2 weeks off to get married and to be honest, I've somewhat lost some of the motivation to update the blog. It's not that I've got sick and tired of trading.. in fact, quite the opposite! I feel that there has been some step change in my trading ability... I've been able to focus and have been rather disciplined with trading. As a result, my account has more than doubled through trading profits over the past few weeks and this wee
August 21, 2009
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I was also watching the S&P as it was trading between a consolidation channel between 855 and 860. It could have been a long above the break of 860 which it did but I am so cautious and have been caught out by these sort of trades many times so I thought that perhaps I may enter on a pullback. The market looks like it is make a pullback now but the relative lack of strength when the price action went above 860 looked rather weak.. however, saying that now, it would probably shoot up...
I
April 28, 2009
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