Trying another entry on this extension long. This entry is a bit on the risky side, but I have room to the failure level of the ext long. Target for this trade is 91.97

3/7/2013, trade6:
Long at 91.10

• 1st target hit
• Stop to 91.04
• Stop to 91.18 (11:35)
• Stop to 91.22 (11:56)
• Stop to 91.40 (12:24)
• Still in this trade, stop to 91.48 (2:08)
• Out, net +44 ticks

March 7th, 2013 summary

Total trades: 6
% BE: 83%
Total pips: +32

I got a little whipsawed today, and was impatient at times. But over all I'm happy with myself for today. I am going to work on improving my trade exits for tomorrow.

Good morning all.

Looking at CL this morning, I see measured move long that has been tested several times. this leads us up into the next daily short level.

Entering into long trend on an micro ext long. Target is 92.05.


3/8/2013, trade1:
Long at 91.36

• 1st target hit
• Out BE, net 0 ticks

Long off same micro long. Target 92.05

3/8/2013, trade2:
Long at 91.36

• 1st target hit
• stop to 91.30
• Out BE, net 0 ticks

Perhaps 3rd time's a charm. Long off of the same level. This is a better entry, closer to the 50% line, so it has a better chance of holding.

3/8/2013, trade3:
Long at 91.31, target 92.05

• 1st target hit
• stop to 91.25
• stop to 91.27
• Out, net +3 ticks

I should have closed this trade when we didn't break through 91.64 on the second test.

3/8/2013, trade4:
Long at 91.34, target 92.05
Full stop, net -24 ticks.

2 session red eye grease trades.......

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After failing to take profit, and then taking a full stop, that is tough to deal with. I'm telling myself to maintain discipline, follow rules, and not look for revenge on the market. I am accountable for my results.

I see no change, entering long again.

3/8/2013, trade5:
Long at 91.34, target 92.05

• 1st target hit
• Stop to 91.28
• Out BE, net 0 ticks

I felt myself cheering at the 1st target hit. I need to remain unemotional and objective.