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baggerlord
 

Registered: May 2003
Posts: 1117

 

09-05-12 12:27 AM

Well the action today was promising. It is sitting right below the monthly A down level and if today closes where it is at or lower, it will also be a daily C down by my numbers and a good sign of weakness at this level. I might even add to my position in the morning.

Something that I am starting to do for my own improvement is to plot the daily levels every day and take a screenshot. I save these on my computer for analysis, with the idea that at some point in the future I will likely have a career change that will allow me to trade intraday. I'll post these here and there if there is any interest.

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gmst
 

Registered: Jul 2011
Posts: 3745

 

09-05-12 01:28 AM


Quote from baggerlord:

Something that I am starting to do for my own improvement is to plot the daily levels every day and take a screenshot. I save these on my computer for analysis. I'll post these here and there if there is any interest.



I would say post them here for your own reference, rather than for readers. 6 months down the line, once you have taken 20 or so trades, and want to go through your last 6 months of thought process behind trades and how chart looked at that time, reviewing this journal will prove to be very helpful for your own trading.

Another option could be to save the charts in a MS Powerpoint and write some commentary, if you want to keep it on your computer. I think that might also work.

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baggerlord
 

Registered: May 2003
Posts: 1117

 

09-05-12 11:53 PM

I'm expecting this trade to make it to the 1.0112 level. Thats the more traditional monthly A down area and I expect it to get tested given the action so far this month. Criteria to get out at this point would be a breakout above a swing high on the daily. If it makes it past there to around the whole number that will be my exit.

Charts coming, probably this weekend.

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