'No Not Another Journal' Journal

stop got hit again
sold at 1210.25 -1.5

 

Nice Journal.

It's ususally better to give the market time to settle.

I never try to trade within the first five minutes of the US Open on the Financials ... ever.

 

maybe should have taken the break out above 1211.25
but wasn't sure because of the MA's

 

You have to specifically write down all of your rules for entering and exiting trades, as well as position sizing and money mangement.

This way you will know exactly when you are violating them ...

GL

 

thanks for your interest
i don't have any rules myself
i just follow this method
http://www.trading-naked.com/FloorTraderMethod.htm
i just didn't take the trade because i thought the MA's were going to cross over, but they didn't

 

am getting ready to go long once we surpas last 3 min bar by 1 tick or more to the upside

 

had a stop order to buy to open in at 1217.25
got filled at 1217
stop 1213.5

 

looking to add a contract on the next pullback and move the stop up

 

hmm, my original position is under water now
but stop not hit
have an order in to add if we break to the upside of this pullback
at 1217.25

 

hmm stop hit here filled at 13.75 for -3.25

pulled buy order because of MA's sloping down