Posts Tagged discipline

All the trading rules broken!!

All the trading rules broken!!

I haven't been trading enough this week so I was eager to get stuck in today. My first trade was a short at 12922... the market had already come off a 50% Fib level and I was thinking that it had further to go. I had missed the move as it fell (as I had only got in at 6.30pm GMT)..  I quickly opened the short but didn't check to see that the stochastics had almost reached the oversold level. This was frustrating as I sold right at the bottom. The market went up and hit my stop for -18!! A

May 16, 2008 1 Comment Full Story

FOMC – Pants! S&P Emini trading

FOMC - Pants! S&P Emini trading

At 19.00 GMT, the FOMC made it's announcement.. I had no  idea what they announced but the market didn't really do that much. I entered short when the market went below a previous support level at 135000..  unfortunately, it soon bounced back up and I had to nurse a 16 price loss! Ouch! My trade wasn't a bad one, I had traded on break of the channel. Luck wasn't on my side this time.... as I write, the market has broken up above the upper trend channel. If I had bought this, I could have gr

February 20, 2008 No Comments Full Story

Just a small bite of the profit cake – S&P emini trading blog

Just a small bite of the profit cake - S&P emini trading blog

I am suffering from man-flu once again!! I was ill two weeks ago also so I'm feeling rather poorly. Anyway, there's nothing getting in the way of me and my trading. I came back usual time today and shorted when I saw that the stochastics were turning.. I got in a bit late with an entry at 136175 and rode it to the round number 136000 for 7 prices. Nothing special! The market actually went lower and I left a bit on the table. At this stage, about 19:15 GMT, I was looking for a long trade (s

February 19, 2008 No Comments Full Story

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