Geez, Watching your consistent execution everyday is amazing. I know you are using Scottrade. How do you enter your trades? Do they provide bracket order type or you have to enter stop and limit orders one at a time?
Setup * Two red day followed by a big gap-down so it pull back was more likely. * Took LONG position on violation of 10:35-10:40 candle's high; stop few cent below low of that candle. So simple and sweet ;-) Confusion: it was not on the morning's watch list. Geez? <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2437582" />
Setup: * Two red days, not so much gap? What was the criteria - confused... * What was the indication for going long from 10:15 bar? The candle at 10:15 was a nice rikshaw-man and telling that market is confused; seeking for the direction. So possible strategy here was to go LONG if it breaks rickshaw's high, go SHORT if it breaks rickshaw's low Hope I'm right <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2437601" />
Setup * This stock is rallying like crazy for past 4 days. Huge gap-up. Perfect combination for SHORT. One minute candle chart can explain the entry setup (too fast for 5M). <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2437622" />
Hi Geez, Thanks for taking the time to write this journal. It's greatly appreciated. I don't mean to be a pain, but do you still plan on posting the 4 patterns that you trade? Thanks gotta_trade __________________ "Happiness has little to do with the circumstances you find yourself in, but rather what your attitude is towards your circumstances."