Another Journal

Discussion in 'Journals' started by garage sale, Dec 10, 2008.

  1. Long 1203.5, stopped 1199.50. Down 4 pts.
     
    #11     Dec 12, 2008
  2. This was a trade from yesterday. Looking back it was a mistake because the MACD was sloping down even though it was above 0.

    There was a long signal after the open that would have been profitable but I was busy with something else so did not get a chance.

    I have noticed that this works well in the first two hours, so maybe I should just trade during that time.
     
    #12     Dec 14, 2008
  3. I usually cannot trade on Mondays and Wednesdays because of my regular job but today I was not feeling well so I decided to stay home. I made 8 NQ points.

    1 is where I got the signal with ADX > 40, 2 is where I entered the trade and 3 is where I exited.

    [​IMG]

    [​IMG]
     
    #13     Dec 15, 2008
  4. If anyone knows how to make the chart smaller, please let me know.

    Thanks.
     
    #14     Dec 15, 2008
  5. Honda

    Honda

    Ref. your last trade. The MACD was below zero, however the fast line was above the slow line. Wouldn't this violate your rules requiring the fast line to be below the slow line for a short?
     
    #15     Dec 15, 2008
  6. It certainly looks like that right now but at the moment I could not really tell if the fast line was above the slow line. They were basically hugging each other. Once I entered the trade I could notice that the fast line was above the slow line but I had my stop to protect me.

    There is a new short opportunity ahead. Need the price to close above the 3MA and I'll sell once the next bar goes below it. I noticed that a 4 pt. stop is plenty so when the price goes below the last bar, I'll add 1.5 to the high and sell-limit at 4 pts. below that.
     
    #16     Dec 15, 2008
  7. Just to add to this, if the slope or the difference between the fast line and slow line had been bigger I'd have passed the trade.
     
    #17     Dec 15, 2008
  8. Sold 79 Stop 82.50.
     
    #18     Dec 15, 2008
  9. I'm not sure what screen capture program you're using. I use snagit, which allows me to edit after the capture. In addition to adding annotations like yours, you can also resize the picture before saving it.

    Also, there are some tricks you can use to re-size the picture using the "img src=xxx width=yyy" html tag.

    For instance:

    <img src="http://i37.tinypic.com/2vmxzsh.jpg" width=600>

    Unfortunately it loses some resolution, as you can see.
     
    #19     Dec 15, 2008
  10. Honda

    Honda

    Everything lines up except the ADX. I have it at 23 using ninjatrader. Looks like it's going your way though.
     
    #20     Dec 15, 2008