I did a paper trade shorting at double top breakdown with throwback at neckline. Short 1097 (stop 1097.75) original target 1093, covered at...
1-26-2010 Total trades: 3 RT winner: 2 loser:1 net P/L: 1.25 pts Started 12pm ET SPX price broke the 50% center line of down channel...
1-25-2010 Total trades: 1 RT winner: 1 Net p/L: 1 pt (ES) Trading time: 11:45 to 12:55 pm ET. My work schedule was quite busy today so I...
This observation was quite interesting. A few bloggers devoted to market maker/"smart money" behavior study have also noticed such behavior...
I want to make some comments on exit of a trade. Once I enter a trade, there are two possibilities most of time. The price goes at my original...
I am looking at today's chart again and try to see what I could have done differently to play such trend day. Some observations ( I use SPX...
1-22-2010 Traded YM today total trades: 3 RT winner:1 loser: 2 net P/L: 6 ticks of YM (-30USD) Started at 12pm ET, had to be away from...
It is breaking out upside. Inverted HS? Vol looked decent. The breakout looks good. I'll look for pullback to retest 1117.5 or a throwback to...
Price dropped below the micro-demand line since 1pm. It drifts flat while the dynamic resistance becomes lower over time. It might retest 1116.75...
I got some time at my desk. I'll do a paper trade since I am not very comfortable with the volatility now. I like the 1pm swing low with vol spike...
I have several other commitments this morning at my work place until noon. So I might not be able to concentrate to trade today. Yesterday, I...
I was looking at the 60min SPX charts and the 5 min ES chart. Yesterday, I've noticed that SPX might be forming a broadening top since Jan 11 th....
1-20-2010 Total trades: 3 RT winner: 2 loser: 1 net P/L: 1.5 pt The pullback from 1:30 breakout did hit 100 min EMA at 2:30. Went long at...
1-20-2010 Started at 12:30 ET. Price was in a narrow range since 11:10. Went long at 12:48 expecting the price to break micro supply line at...
1-19-2010 Total trades: 4 RT winner: 3 loser: 1 net P/L: 1.75 pts Started at 11:20 ET. All 3 indices moved up nicely and retraced to...
An observation here. These days, market has been in very well controlled fasion. The volatility is relatively low. Apparently, there is no panic...
1-15-2010 Total trades: 4RT winner: 3 loser: 1 net P/L: 1.25 pt Started at 11:45 ET. Today is good distribution day. After first 30...
1-14-2010 Total trades: 1 RT winner: 1 Net P/L: 1.5 pt Started at 12:30 ET SPX was approaching 1150 (some "magic" round number). I...
1-13-2010 Total trades: 8 RT winner: 3 loser: 5 net P/L: -4 pts Today is my largest loss day since I have traded live. I have made some...
I have been trading live for almost a month now. After all commissions, I am at slight net loss. I understand that it will definitely take more...
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