S/R Trading Journal

Discussion in 'Journals' started by Max22, Sep 21, 2010.

  1. Max22

    Max22

    Sorry Chart didn't attach to last post.
     
    #11     Sep 22, 2010
  2. Max22

    Max22

    That was a big move from the resistance level at 75.30 . It dropped to around 74.30, that is $1000.00 per contract. Here is the updated chart.
     
    #12     Sep 22, 2010
  3. Max22

    Max22

    ES just busted thru the resistance area 1130-1131, I may be buying a pullback to old res now support if it sets up right.
     
    #13     Sep 22, 2010
  4. Max22

    Max22

    ES came back down to the old res now support. It tagged 1130.75 and bounced. Unfortunately I didn't take the trade, I got one trigger but didn't have the other and I wanted both to get long just to be sure. Can't win em all.
     
    #14     Sep 22, 2010
  5. Max22

    Max22

    Oil Support now at 74.20, I'll be looking to buy near there if it sets up.
     
    #15     Sep 23, 2010
  6. Max22

    Max22

    CL was moving pretty good so i switched a smaller time frame and took a bull flag formation that held support for a quick 6 ticks on 1/2 and 12 ticks on the other 1/2
     
    #16     Sep 23, 2010
  7. Max22

    Max22

    CL pulled back to just above the support are reaching 74.29 and triggered a long on my setups, so i took it. I got 6 ticks on 1/2 and it got sluggish on the up move so i moved my stop on the other 1/2 to entry and got stopped out. I see some topping action now so a reversal trade could be setting up soon.
     
    #17     Sep 23, 2010
  8. Max22

    Max22

    CL went back down and tested the support again. The support held and we took out the high. Was a good long trade there, but I didn't take it. A nice setup right at support.
     
    #18     Sep 23, 2010
  9. Max22

    Max22

    74.80 resistance on CL, we should see a pullback from there. Possible short trade up there
     
    #19     Sep 23, 2010
  10. Max22

    Max22

    CL is strong, no setup to short the resistance triggered. I'll need to see some weakness to consider a short trade.
     
    #20     Sep 23, 2010