1% a day and MM

get hit and taken out. Will scratch at 1052.5 if it hits now.

 

1051.5 838et

 

at 1051.25. wanted 51.0

 

what I need to get goal. 1051 gives net of commissions. Will give it a chance to go thru.

 

stand it anymore. Out 1050.5. At least let 1051 break. Will add up and be back , should be done.

 

Net= $198.1. COuld have had a trade with the trend before the news and had goal, but nerves gave out. With bonds going up and a quick pivot lower high I went with the 1052.5 sell. After the fact I could have held for better reward based on a 1 pt risk. Kind of a dilema with having a $goal as oppsoed to looking at strictly risk/ reward.

 

Thanks Tango,

On the bonds what kind of set up are you looking for to get in

Good Trading!

 

Same things in all markets for the most part. Find trend if there is one, look for pivot points(pullbacks), find support and resistance. Try to get in after a test of support/resistance and before it is fully back into the trend using the pivot to get going with the trend before the previous hi/lo is broken so when it gets there I have some cushion to wait it out if it doesn't break right away. I'm not good at explaining this, so I am trying to put in my reasoning when I take the trades, but I have been forgetting to do this I know.
Hope that helps a bit

 

Thanks that helps!

 

this morning maybe to not lose. I'll see how it goes, but if the trading seems too light I'll pass. Right now may have a reject of support on bonds, see what happens.