sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Saturday, April 14, 2012

Australian Dollar futures signaled me to exit.  I dont think there was any real problem with this trade.  It just wasn't meant to be.  $720 loss if i had traded one contract. 

Really screwed up with Feeder Cattle.  Why did i ok this?  I would have only lost $100 if i had traded one contract but still.  Price action was way too volatile.  Huge bars, tiny bars, not a steady stream of bars going SE like i want.  i dummy.

I need to focus on the steady price action that i know i should be looking for.  I really like it and can see it easily after a trade but i tend to get too lenient about it when looking for setups.

Monday, April 9, 2012

Australian Dollar futures, Feeder Cattle futures both had nice setups that i would have entered.  I went ahead and went short Feeder Cattle on my playmoney program since price was near the entry price but im just going to watch Australia since it has already moved too much.  Having trouble uploading pics.  I am drawing a rising trend line as well as a horizontal trend line for support/resistance.  A close past both is good.