ok, I missed a good trade, I was long at 2403.75, on the resistence I posted, but I was not sure of the trade because I had just that line, only now I noticed that the DAX touched 7500, and that could maybe give me more confidence on the trade... attached dax and EU futures...
trailed close and stopped, I have to stop now, total is -$53 -$15 commission, I feel I have to go long and this is not good, I'm not in control and so it is better to stop here! next post will be the resume of the day.
sorry I updated a post with a new post and had to delete it, because there was a chart in the first post: waited and entered 1 YM long for the only trade that I was waiting today, so I don't regreet that I said last it was the last trade, I have lots of supports on various markets, I will post the chart later, gaining now $50 stop was at $25, I'm not trailing this, because it is a good trade and I won't regreet if I will be stopped.
05-11-11 12:55 PM number of trades 4, 1 NQ / 2 FESX / 1 YM FESX = -$58 NQ = +$5 YM = +$100 commission: -$20 TOTAL: + $27 the first trade affected all my trading day, I went long on NQ with a tight stop, around $35, and I trailed at BE when I was gaining $50, actually I had just 1 support on all my charts (then I realized that I had also 7500 on dax wich is an important number), this is why I was not very confident of my trade and placed a tight stop and trailed so early, the market took my stop and then went up for a hypotetical gain of $200, I resisted a little the temptation to enter again, but... I went long on FESX a couple of time with supports on DAX a little lower, I saw in the US charts that there was lots of supports much lower and that I should have waited those supports, I was stopped twice on FESX then. I decided to stop trading because I was losing a bit of control and I had a small loss for the day, so it would have been ok to stop. But later the market finally went lower and EU and US where all very close to the supports I mentioned early, so I was calm and confident and I went long on YM, I had to put a very tight stop of $25 because I didn't want to close the day much lower, the markets rebounded a little and after lots of time I decided to close the trade at +$100, I gave lots of time to the trade to go up anyway.
don't want to lie to the journal, I have to post everything, I was about to go home, and then I saw the big short, I had all my supports there screaming buy, so I went long confident, but with a tight stop as I know my trading day was over and didn't want to lose a lot, so the market hit my stop and then I re-entered always with tight stops, and so on as I had various resistances in this area, then I managed to close at the same exactly -$27 commission substracted. Anyway, it is important to write this, it will happen again I'm sure, but the most important thing when this happen is to respect the MAX DAILY LOSS, I hope I would have respected it.
05-11-11 12:55 PM number of trades 12, 9 NQ / 2 FESX / 1 YM FESX = -$58 NQ = +$45 YM = +$100 commission: -$60 TOTAL: + $27