Posts Tagged futures
The nice thing about having a blog is that I can put my thoughts in directly after a trading session. As I was having some problems with it over the last couple of days, I wasn't able to remember what my thought process was on the 6th. I enclose the chart on the 6th. I had made a series on trades and ended up abou 20 prices which was great! However, I don't remember the mechanics of why I place the trades.
I was also out last night so didn't trade. My trading mentor is happy for me to go back
February 8, 2008
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When I got back home, the markets had already plummetted.. I wasn't sure if I could pick up anything at this stage. I missed an entry at around 18:20 GMT to short below 135000.. this would have been quite nice.
Anyway, my first entry was a short at 134850.. it started to pull away. I saw this as a possible move lower... the stochastics were approaching overbought level in the 5 mins and 1 mins. However, I was proved wrong and took a 8 price hit.
As the market inched higher, suddenly all
February 5, 2008
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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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