empee's blow-out journal

Discussion in 'Journals' started by empee, Jun 14, 2006.

  1. empee

    empee

    i stopped out on EUR/USD for -6 pips (1 contract). I shorted oil at the open with a roughly .30 cent stop, looking for a opening range breakdown with hopefully follow thru we'll see.

    Still holding 3 contract of gold short.
     
    #21     Jul 26, 2006
  2. empee

    empee

    i stopped out of gold breakeven.

    Got chopped for around -10 pts on YM yesterday.

    Today entered ym at 11217, stop is breakeven.

    Currently account is around $14,100.

    approx 22% drawdown, although about 1/2 of that was because I was testing some new strats in this account. I have stopped doing that so its more accurate.

    Its hard to say which way the markets are going right now, potentially consolidations which is where I can get chopped up.

    I am looking for a light volume squeeze to near the previosu highs in the dow, but will adjust as I see price action if I dont get stopped. These are the kind of games see we see in summer light volume markets.


    target would be around 500 ym pts ideally.
     
    #22     Aug 3, 2006
  3. empee

    empee

    i stopped out on the pullback before it exploded, hit me within 2 ticks :(

    All cash now. A bit more than $14k left.
     
    #23     Aug 3, 2006
  4. empee

    empee

    Bought 5 YM 11254, breakeven stop. Looking up to 500 pts.
     
    #24     Aug 7, 2006
  5. empee

    empee

    stopped breakeven, reentered 11242, 3 pt stop
     
    #25     Aug 7, 2006
  6. empee

    empee

    stopped out -3, re-entered 12241, 4 pt stop

    looking for a reversal squeeze into the close.
     
    #26     Aug 7, 2006
  7. empee

    empee

    out -4 , back to cash, will look to re-enter if they can get it back over 11240
     
    #27     Aug 7, 2006
  8. empee

    empee

    looking for a short in Gold
     
    #28     Aug 10, 2006
  9. empee

    empee

    went long ym 11120, 7 pt stop, looking to catch a reversal unknown if there will be any follow through but if so maybe we get a squeeze in the dow. I unsure of actual direction so basically I took this trade cause the risk reward is so good and I've got a 50/50% chance.


    stopped out -3
     
    #29     Aug 11, 2006
  10. What is your equity now?
     
    #30     Aug 11, 2006