Archive for the Emini futures Category
It's pretty dead today... if you look at the chart, there's not much happening. It's probably because the last couple of weeks we've had a lot of news driven events but today.. nought! Then there's the Superbowl which happened last night and the traders are probably nursing their hangovers. In periods like this, best steer clear and wait for an opportunity.
On a more positive note, I spoke with my trading mentor and he's been happy with my simulator trades. I should be going live again..
February 4, 2008
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Well here I am back trading again. I found having the complete day to trade really helps me get a general view of what's happening the market.
I fired in two countertrend trades in this session. Short at 138675 as the market made a top.. I closed at 138500 which happened to be the bottom.
The market then rocketted up to 139500 when I then shorted again at 139275.
The two trades earned me +13 which earned me a total of 32 prices for the day.
Looking back on this trading session, I com
February 1, 2008
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I have today off so I thought I'd make some trades.
I am doing ok today and caught the general moves.. however, both my trades were great entries but where I let myself down was where I exited. There are so many variables to trading, your entry, your exit, your trading psychology etc etc.
Anyway, my first entry was a long when the market went above 138000. I rode it to just below 138500 thinking that it would be contained here... however, the market went a lot higher.. to 139800 which woul
February 1, 2008
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