I didnt like the ema's enough to enter right at the close above resistance. If i did enter it would have been once the 20 EMA caught up with price after its big initial pop. By then the ema's would have been angled up and straight. No major resistance (4hr) for a while on this move.
This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Tuesday, September 27, 2011
Saturday, September 24, 2011
Daily chart has been too trendless for me to trade for a while now. I keep watching the hourly chart. The hourly chart happened to be kinda lousy also for the past two weeks until a couple days ago. I found a move that i would have gotten into which would have given me a gain of almost 22 points. Very nice. The move bottomed out so far at what was the next major 4hr support, as expected.
I love u Gabita, you are the best!
I love u Gabita, you are the best!
Tuesday, September 13, 2011
The latest hourly trade that i would have entered was good for a 15 point gain. Just as i thought, good, but not as good as those other recent trades since it had major support near by.
A possible long entry is setting up. Just need a solid breakout bar. Some pointless optimistic dribble in the news would help.
A possible long entry is setting up. Just need a solid breakout bar. Some pointless optimistic dribble in the news would help.
Sunday, September 11, 2011
Market has been moving around very well on the hourly chart this week. The media has all the people worried one second about europe, then hopeful the next second about Obama...then worried again, over and over. Keeping the public emotional creates nice trading opportunities for me.
I found a 35.5 point move and a 27 point move that i would have gotten into. Then i found a 3rd move which i would have entered and would still be holding right now for a small gain. There is major support coming up for the current move, so i would not expect it to be as large as the other two. About 12 points would be good.
I found a 35.5 point move and a 27 point move that i would have gotten into. Then i found a 3rd move which i would have entered and would still be holding right now for a small gain. There is major support coming up for the current move, so i would not expect it to be as large as the other two. About 12 points would be good.
Thursday, September 8, 2011
Wednesday, September 7, 2011
Saturday, September 3, 2011
Mostly day trades were all that was available for the past few weeks. same old story, if i just wait i find good entries which usually turn out to be good trades. right now there is a nice hourly short move that i would have gotten into a couple days ago....i would be up about 40 pts on the sp500 futures as of right now.
i will start saving up money to trade with soon. maybe in about 9 months i can start trading SPY, then later on i could start trading SP500 futures.
i will start saving up money to trade with soon. maybe in about 9 months i can start trading SPY, then later on i could start trading SP500 futures.
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