Matcha's Dow E-mini Journal

Discussion in 'Journals' started by Matcha, May 13, 2010.

  1. ~~~

    ~~~

    To my dear brother PO

    let big sis.. ME teach you a little about chasing girls..
    You must Not be "too shy" when chasing girls..
    You must "thick skin" a little when chasing girls..
    You must polite and full of confidence when chasing girls
    You must not be afraid of expressing yourself when chasing girls..

    Now.. take note! Very important!!!
    "trading" is like "dating"... or
    "dating" is like "trading" ...
    No matter how many times you're knocked down...
    You must Get-Up to Fight again 'till You Get What You Want!!!
    understand now? my dear brother ... :p :) :D
     
    #631     Aug 10, 2010
  2. Matcha

    Matcha

    Last Friday’s bullish move into the close set a bullish tone on the market. Today market gapped open then retraced down from the major resistance area.10660. Although it retraced back. The trend on the larger time frame is very bullish.

    I only take pullback trades today. Volume did not support a nice smooth trend up. So I was basically stopped out either for a small loss or small profit.

    First long trade at 7:00 is a “W” bottom pattern on 2 min chart after a fluid sell-off at the opening. Strong buyers stepped in here.

    Second long reentry was a higher low on a bullish swing, stopped out for a small loss

    3rd long entry was long on a breakout pullback trade, A tiny pullback signals the up move could be strong. But I was stopped out again.

    Trade A: Break out pullback trade. Pullback to the major resistance level signals a very bullish buy. But it didn’t go too far as expected. I was chopped for only 13 points gain.

    Today’s PnL: $48.00, 5 trades, 60% winrate

    Couldn’t think of anything I did wrong today. Just can’t get too much out of it from today’s market. Especially with my one contract and conservative stops. The volume doesn’t support the move. I am heading to the airport tomorrow morning. So no trade. FOMC meeting tomorrow. Even though I were to trade, I would be very conservative or just watch the market!

    Happy trading everyone~~ Talk to you guys in Hong Kong!
    [​IMG]
     
    #632     Aug 10, 2010
  3. ~~~

    ~~~

    Nope! i don't want to be 'grand sifu' or Matcha's sifu's sifu ..i'm a care~free person, so i just want to be a fun~ loving friend.. that's all i want!:D :D Yeah... Matcha should be flying above the Pacific ocean now.

    Well, i also love views where i eat, so i really don't mind crossing Salisbury Road from The Peninsula to join you at Lobby Lounge, International Hotel for Tea and Black Forest ... but are you paying or am i paying huh???
    Do we have to "fight" again with our "kung-fu" ??... last time, even i used "albert ~ einstein ~ theory" also no use!! .. You too smart and too strong!!.. i got bruises all over my body lol. :eek: :( :D :D
     
    #633     Aug 10, 2010
  4. Matcha

    Matcha

    Its the trader's bible. Also the Market Wizzard. I enjoy reading Market Wizzard more since at some point, it's encouraging.

    Got to build up a method first then trust it. Building up and retesting it's result is what we are doing now.
     
    #634     Aug 10, 2010
  5. Matcha

    Matcha

    Paulaner@Fan Yang Road is the best Paulaner and the first popular hangout place in Shanghai I think. Now it's still very popular! You probably have seen me dancing at the first floor. I always sit in front of the band and close to that tiny dance floor...:p

    Haven't seen the ERA yet! Maybe next time! For jazz music, Me and my gf used to go to Grand Hyatt Jin Mao PuDong Piano bar or the inside dance club a lot. ..Those old party girl days... Party hard everyday.
    But I guess that place is not that popular anymore. So many new cool hangout places now.

    Sis, you know so many places in Shanghai! I am jealous again!
     
    #635     Aug 10, 2010
  6. Matcha

    Matcha

    Thank you! tlow!

    hopefully we can all be CP and achieve our life goal soon.

    M
     
    #636     Aug 10, 2010
  7. If you come to Sausalito, I will treat you to McDonald's. If I go to Hong Kong, of course it is YOUR treat!!!! ;)

    jk

    Per Chinese customs, whoever makes the invite will pay la...
     
    #637     Aug 10, 2010
  8. Thank you Sis ~~~. So much to learn from you

    :) :) :)

    --po
     
    #638     Aug 10, 2010
  9. Hi Matcha,

    Right on! Got to have a good method first and then believe in it like what we are doing.

    I like the Market Wizard books too.

    Have a great flight to HKG!!!!! It is a long one but well worth the trip. :)

    Enjoy all the fun HK and SH has to offer, lots of them!!!!! We all envy you and wish to be there!
    :) :)

    --po
     
    #639     Aug 10, 2010
  10. Right on! That was a very good call!

    In the past 2 weeks the volatility has been very low. Perhaps the only thing you may have done better is to set the original entry as the stop but not trail it. Dow/S&P were in very tight range.
     
    #640     Aug 10, 2010