Nevermind that I watched a 9am to 10:15 downtrend worth $2,500-3,000 that I missed, but didn't enter late which was a victory in my trading psychology. In the past I would have feared missing the move and jumped in and gotten shaken out because I was focused more on profit than risk and loss, a seat of the pants move. I have developed the patience and mindset to wait for my setup and the belief that there is an ocean of opportunity and its only a matter of time before a trade comes up that is attractive from a risk/reward basis. cheers and have a great weekend
caught a nice run +$975 + SLD 3 HG MAR10 Futures HGH0 3.072 USD NYMEX 11:32:51 + BOT 3 HG MAR10 Futures HGH0 3.059 USD NYMEX 11:54:56
+ SLD 3 HG MAR10 Futures HGH0 3.057 USD NYMEX 12:33:06 stopped out + BOT 3 HG MAR10 Futures HGH0 3.059 USD NYMEX 12:52:08
SLD 3 HG MAR10 Futures HGH0 3.055 USD NYMEX 13:52:45 BOT 3 HG MAR10 Futures HGH0 3.0375 USD NYMEX 14:45:45 http://screencast.com/t/YjlkZjRm
thread on lifesupport, "charging 300 CLEAR!!!" I love catching trends with a one lot, kinda like fishing for a marlin with 10lb test. LOL
I can depend on time of day or night. I use limits orders mostly but it could be 1-2 ticks or more thats why I use limits and view the deep order book to see that info. if a stop gets hit then I was wrong and want out immediately.
still in it at this point i'm watching my equity curve vs is 35 period average(bottom of chart light blue is equity and yellow line is average of that equity) and when they converge I'll either reverse or just exit depending on price action