Posts Tagged discipline
I missed a lot of the action yesterday but back to it again today. I got home as normal and watched the market make a double top at 136675. I entered manually as I wasn't sure if the market will get higher. When I thought it wasn't going any higher, I hit the button to short. I got in at 136550.
The stochastics in the 5 and 15 mins were both in overbought territory which gave me confidence in the trade. My initial target was 136225 which was just above a previous swing high made at 17:10 GMT
February 13, 2008
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I came home a little later than usual today, it was a trip to buy the other half something for Valentines day. I got home at about 19:30 GMT.. by this time, I had missed a move at about 19:00 when the market made a double stop near 136000. A short sould have been very nice! As you can see, the stochastics in the 5 min also corresponded to an overbought situation and negative divergence between the price action and the stochastics indicator.
I had an order to go long at 135050 which was the
February 12, 2008
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For those following my blog, you would know that it is my 3rd time going live and I really don't want to go back to the simulator.
As a result, I was extremely cautious in my trading... this can be a good and bad thing.
My first trade was a short at 134000.. I was so eager not to loose that I close the trade early for a net zero amount when it looked like it was going to go wrong on me. However, when I thought that the market was definately going to go down again, I shorted again but thi
February 11, 2008
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