Sunday, April 7, 2013
k done with research for now. decided to watch S&P500 emini futures only and use its 4 hour chart to find s/r and trade on its hourly chart. this way I can focus on only one instrument, which makes it much easier for me, and there should be at least a couple trades per week for me to get into, which is good for learning. looking back over the past 20 days I would have lost on a few and gained on a few but the gains would have been huge compared to the losses, great sign to motivate me. I wont look back for trades on the hourly chart to add to my running list of recorded trades, instead I will just start recording trades as of Monday.
current hourly resistance for me is 1558 and current hourly support for me is 1533.
NDXT happened to end in a loss for me. I was stopped out at 1533.30, took an 11 point loss for that trade. But with the amazing power of hindsight I see how it was a determined but messy/volatile rise up to the resistance I found. My resistance worked and the wonderful people in this market did sell and push the price down like I expected but it was so volatile on its way down that I got stopped out before the plunge. the nasdaq tech sector is messy, too messy for me right now. maybe I should keep an eye on volatility prior to entry. NDXT did have quick/ strong/upward rallies but the consolidation in between them had deep pullbacks. about to review more charts now.
Saturday, March 9, 2013
just randomly posting an entry. I searched through many charts but I finally found a good entry for me. There are several that I have my eye on.
**short entry at close on 3/8 for Nasdaq 100 tech sector, NDXT on TOS platform. Initial stop is a close above my entry bar.
overall the market is sounding more exciting since new all time highs are being hit. Japanese Yen futures was one of the only charts that I have seen sinking.
**short entry at close on 3/8 for Nasdaq 100 tech sector, NDXT on TOS platform. Initial stop is a close above my entry bar.
overall the market is sounding more exciting since new all time highs are being hit. Japanese Yen futures was one of the only charts that I have seen sinking.
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