Today March 14 2007 European Session: (Live EUR/US Futures) 11: 02 GMT +1 Trade 1 Missed again at 131.97 Status: step aside jjrvat
Today March 14 2007 European Session: (Live EUR/US Futures) 15: 00 GMT +1 (131.96) Comments: 1. It looks like a top ... 2. I think this this is the last test to the upside ... after that all shorts Status: step aside. waitng for directions ... trendless market jjrvat
Today March 14 2007 European Session: (Live EUR/US Futures) 19: 20 GMT +1 Closing Day (0 trades) and Week 2 1. I have been paper trading the last 3 days with good results ... but everytime I tried live I couldn't pull the trigger ... I´m paralyze!!! 2. I made some tweaks to my entries (I´ll post them next week) that seems to be working .... However, I think the problem is more psychological than technical: a. Before starting this journal I paid less attention to the analyzes of the market direction and more to the entries and exists. b. Now with real money, I think I´m overanalyzing the direction ... I´m right in the long term but I forgot that I´m trading in the short term... It´s difficult to go short in M2 when I´m convinced that the market is going up in M60. c. This is good only if I change my system to a more long term approach which is not the case for now ... d. I´m too scare to lose money in the market again (I lost 5k, which is a lot for my small account, in 2 months when I made the move from stocks to Forex and after to futures). I haven't fully recover my confidence after that... I´m still working on this. 3. I´m taking a break until next monday. jjrvat
Today March 20 2007 European Session: (Live Currency Futures) 10: 35 GMT +1 Comments: 1. Back from holidays .... 2. No news until 1:30pm USD Housing Starts and Building Permits. Status: waiting for setup to go short (6JM7 or 6EM7) jjrvat
Today March 21 2007 European Session: (Live Futures) 11: 00 GMT +1 Trade 1 1. 11: 00 (133.49). Price below 36 SMA? (yes) short (yes) 2. M2 RSI overbought? (no) Daily pivot hit?: (yes) Status: Short at 133.49 jjrvat
Today March 21 2007 European Session: (Live Futures) 11: 09 GMT +1 Trade 1 1. 11: 10 (133.51). Price below 36 SMA? (yes) short (yes) 2. Stop moved 133.54 Status: Short at 133.49. Waiting for Exit jjrvat
Today March 21 2007 European Session: (Live Futures) Updated 11:20 GMT +1 End Trade 1 Overview 1. Entry 11:00 AM (133.49). Price below 36 SMA? (yes) Short (yes) M2 Confirmation ? (yes) Daily pivot hit? (yes). 2. Exit 11:15 AM (133.46) Reason: Hit Profit Target 3 pips profit Comments: 1. Maybe my exit was too soon? ... I got scared with no reason ... 11:18 Price 133.43 jjrvat
Today March 21 2007 European Session: (Live Futures) Updated 11:45 GMT +1 (133.54) Comments: 1. Maybe my exit was too soon? ... No!!! Price broke pivot point and is moving towards M10 36 SMA and pivot (133.57/133.60) which is my next entry point if hit in the next 45 min. Status: Waiting for confirmation to go short jjrvat
Today March 21 2007 US Session: (Live Futures) 15: 24 GMT +1 Trade 2 1. 15: 24 (133.50). Price below 36 SMA? (No) short (no) 2. M2 RSI overbought? (yes) M2 Confirmations (Yes) Daily pivot hit?: (yes) Status: It looks like a perfect sell entry ... but price slighlty broke the 36 SMA in M10.... waitng to pull the trigger jjrvat