Denver, CO
Experience: Beginner
Platform: NT
Broker: Zen-
Trading: ES, CL
Posts: 74 since Jul 2009
Thanks Given: 108
Thanks Received: 100
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I had some family in town for the holidays, so I took some time off from trading.
Today was a good day, followed my rules, did a couple silly things, but over all I am happy. Also, I got up early to try and get more screen time. Getting up a 4:00 (my time) was rough. I think I will try for 5:00 and work my way back to 4:00
Trade 1
Earlier in the morning there was a final flag, which broke the higher time frame S/R. When it got close to a S/H I thought there would be a stall then further down. The stall came, but further down wasn't until later. My read on the market was 50% correct, it did go down, but it did not get to what I thought it would. I also got in to early.
Grade B
Trade 2
After the P/B that stopped me out, I still felt like this was going to go down. I had a limit order to go short below the small bear inside bar. I had more slippage then I would have liked but it went promptly down from there. After 2 strong bear bars, things slowed down. I exited with a limit order, which I am glad I did.
Grade A
Trade 3 GBPUSD
The pound was trending down most of the morning. Then hit a trading range for about an hour. I felt with the downward movement and not being close to support, this would make it to support. I had a limit order to go short below support. Quick move down, into support which I didn't think was that big of a deal, well I was wrong. I did a quick market exit after it failed to hold below the support.
I also noted a better entry at 7:00. There was a 2 leg P/B and a final flag. This would have been a better entry. I would have taken no heat would have gotten to my target fast.
Grade C (wait for better entry)
Trade 4
I was trying to get in early after the final flag and lower high (or maybe it was late ) I hit the wrong button, wanted to go short and I went long. Stupid brain. I recovered and exited right away with a market order. I then entered the correct way short for trade 5
Grade D
Trade 5
Quick recovery from my mistake on trade 4, got me in the right direction for trade 5. Went short because of the final flag, lower high and break of support. I trailed my stop a little to close and got stopped out. I should have been stopped out on the next bar and would have gained 1 pip.
Grade B
Total for today +3
Total for week +3
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