Archive for the Emini futures Category
Hi all,
From my last performance which was pretty pants, I reviewed again what should have been done today. The way you're mindset is determines how well you're doing.. when you're trading, it's like an Olympic sport for the brain.
Just imagine your running a 100 metre sprint but the day of your race, you are feeling extremely tired. How on earth are you meant to compete on that day. When this happens, if you're feeling tired, mentally exhausted and not your usual perky self, it is best to
October 29, 2007
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Hi all,
Hope you all had a good weekend. I am exhausted and the market isn't really doing too much right now. I shouldn't have really traded as the mindset wasn't correct today but I did. I made two losing trades at -10 in total.
The first trade was a short at 154650.. this is where the 5 day MA was. Usually, one should only really go in if you see confirmation of another support resistance line as a move off a MA is rather quite risky.
Second trade was a short off 154800.. I got in as
October 29, 2007
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I sold the market at 149975. The 150000 line had been a support level and the price action had bounced on this a few times. I had set my entry to just below this level and got it.
I targetted 149625 and it hit this exactly and reversed! Phew!
There was another entry above 150000, could have got in around here to watch it rise to 151000. If I were trading it, I probably would have looked for a target of around 150700. Still, it would have been a profit but I was busy updating the trading entrie
October 26, 2007
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