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.
Wednesday, May 16, 2012
the current weekly SP500 futures trade that im in is not looking good. It could stop me out for a loss after this week. after checking the chart again i realized i missed a major resistance at 1440, which is way too close. thats probably why it stalled at 1400. I didn't see the resistance because i needed to go back one more year on the weekly chart. simple elementary kind of mistake. im glad i made that mistake because if a trade is to go bad, i want a good reason for it. Especially a reason that is preventable. Now if i can just pay more attention.....
Tuesday, May 8, 2012
Sugar #11 futures have carried out a good little short trade over the past couple of weeks. I remember passing on this short cuz i thought the next major support was too close, but i probably should have made the trade. The trade is not over yet but it would be at around $750 profit so far. It is resting at the major support right now, confirming the support but even if it pulled up now it could easily stop out for a profit of $600 or so. Maybe i wont be so strict on having the next major S/R really far away.
i love Gabita, thank you for helping me all the time!
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