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 completely missed the long from 138500 to 139500. It’s always safer to trade with the trend and I need to learn to watch for these trades. Just the one long trade from 138500 to 139500 would have taken 40 prices which is more than my total for the day.

There’s still an hour to go but I’m knackered!

Have a good weekend!

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 would have been 70 prices. I made 17 prices on this.

Then I went short at 139175 and had initially targetted 139025 but I missed my exit as I was a bit slow with the mouse. It was bouncing up by the time I had control of the mouse and I closed it for a small profit at +2. However, the market is at 138000 which is 40 prices profit.

So, I have 19 prices in the bag.. my entries were good.. however, exits were poor. I could have made 110 prices today!!!! Grrr!!!

Well, I have some errands to run so I hope to come back to trading for the afternoon session!