In at 1325.75 1.5 risk Stop moved to 1325 Sold 1 at 26.5 remaining 1. Bought back 1 at 1326. Now 2 with stop at 1325.
In at 1325.75 1.5 risk Stop moved to 1325 Sold 1 at 26.5 remaining 1. Bought back 1 at 1326. Now 2 with stop at 1325. Sold 1 at 1327 (shouldn't have grrrrr). remaining 1 with stop at 1326.
In at 1325.75 1.5 risk Stop moved to 1325 Sold 1 at 26.5 remaining 1. Bought back 1 at 1326. Now 2 with stop at 1325. Sold 1 at 1327 (shouldn't have grrrrr). remaining 1 with stop at 1326. out at 1328.25. Profit, including commissions $201. I think it will go to 1330.25 before you see a sizable pullback. Back to the my problems, I couldn't just sit and let the trad work out. Why I took the trade?: Market looked strong with strong reversal in 5 and 15 minutes. I went in 15.75 so that my stop will be at 14.25 two bars lower on 5 minutes. If the trend is really strong there will not be any two bars breaks soon. Let's wait for the next pullback.
I should not be buying any pullbacks, unless there is a reversal in 2 minutes. Then I'll buy the first pullback to the 2 minutes pivot. If I buy the pullback to 1326.25 it will be for one point profit a scalp.
I didn't like the trade. Out at 1326.75. I need to wait for a reversal in 2 minutes, are you going to hear me????
Ask your self this. Are you a gambler or a trader? http://www.elitetrader.com/vb/showt...ge=6&highlight=gambler vs trader&pagenumber=8