sfsamperi.blogspot.com

You have to survive

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

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!