Seems very quiet today so i thought i just share my trades for the day. I was expecting retrace to my level this morning and nailed it perfectly and got my usual newbie 2 contracts in 1 tick from the low for the day. Had a target of 1475 minimum but took both out at 1472.50. Still its got to be considered bad trading as i did not go according to my plan as i did not execute an add-on as the zone held and maybe took profits to soon, but im not greedy so i guess it will do.
vertigo, thanks for posting that link. I was going to go back and check out price action on previous fed days. That link sure saved me a lot of work!
Yesterday's high of 1473.50 serves as resistance today. Considering today's low volume, a breakout of that high was unlikely. You got out right under that high. It would have been hard to have played that any better.
I will stop posting my live trades. I think someone's been piggybacking off the calls and charging for them. No call today from me and neither from the piggybacker. hmmm. You know who you are. I would post you the website showing the calls 2 minutes after my posts, but I won't. He won't last anyway.
I agree completely with what your saying, and 1473 was strong resistance but following my plan would have meant: - full position size of 4 contracts, with last 2 as add-on at 1465 - target for the first 3 contracts would then be yesterdays resistance with one unit left on to run to new highs later in the day, and stop moved to break-even on last unit. Ultimate target of my last unit was 1482. - this was written in my plan as i entered my limit orders but as you can see i did not execute it fully - which in my book still means bad trading and bad newbie psychology. Sorry if this seems like im complaining its just this is not the first time i have not followed my plan, and though it was a very good trade i still feel i miss out on a lot of profit everyday due to psychology of executing my plan fully. I guess im still a newbie and still learning though. Im trying to write this down now so i can sort of rewire my brain to always follow my plan which was produced pre-market on conditions on the assumptions of certain price levels holding. Sorry for rambling guys
Please, please give us your live calls--don't take them away--they are the way to true riches! DMartin
Someone always has to ruin something good. I appreciate your live calls. Especially when they lined up with my charts. Cheers
Yesterday I considered you an idiot, today your an idiot inside a moron. Congratulations on your promotion!
Call him out to stop it, if he is piggy backing then you are getting in ahead of him anyway so no harm to you but call him out if he is charging others for it. Public outing is the best way to stop something like that.
When I need a great laugh in the morning you always come through--thank you so much. All The Best, DMartin