sfsamperi.blogspot.com

You have to survive

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

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.