
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, February 3, 2010
/ES short entry
With this trade i also decided to use a MACD histogram cross for the STF if the MA's have already crossed. Any general trend-change crossover should work.All the TF's looked pretty good. LTF- indicators strong,price at 20 MA, MTF- long legged doji, high volume, histogram strong, stochastics overbought, falling resistance TL, STF- histogram crossed on 1m.

Monday, February 1, 2010
seems like volume can be useless in after-hours trading. i happen to be browsing around late last night and i found this setup in /CC. i didnt enter it but i marked in real-time when i would enter. i dont know how i could do a trade like this if i plan on sleeping? but i guess if i lived on the other side of the world this is the trade i would have made $360 on in about 3 hrs.

Friday, January 29, 2010
when WMT was down below the MA's thursday afternoon i was thinking
it has been a solid move and now ill just wait to get out. but i know with this 1 hr TF that you might be sleeping when you actually need to exit, which is why i avoid this TF and is what happened, along with the lack of liquidity for this stock overnight. it was still good practice for me. now im thinking i would have to exit when i see reversal signals if i wanted to trade this TF, instead of my usual close past 20 MA. ill show this finished chart to help explain.
it has been a solid move and now ill just wait to get out. but i know with this 1 hr TF that you might be sleeping when you actually need to exit, which is why i avoid this TF and is what happened, along with the lack of liquidity for this stock overnight. it was still good practice for me. now im thinking i would have to exit when i see reversal signals if i wanted to trade this TF, instead of my usual close past 20 MA. ill show this finished chart to help explain.

Tuesday, January 26, 2010
WMT short entry
decided to short WMT. i would have shorted around 12:24pm at 53.70 but i didnt see it till almost 2pm but i was able to get in at pretty much the same price level. haha it just sank 65 cents while i was typing this sentence.good. Its hitting resistance in a falling channel, reversal bar w/volume, overbought and histogram was large. Daily 20 MA was resistance, hourly reversal signals, 4 min trend change w/MA cross. btw i considered using it but dropped RSI for now.

Thursday, January 21, 2010
havent posted in 2 weeks but now i will try to resume my usual routine. i think i found another concept to use. so far it seems helpful but i still need to think it over more. normally i would have a specific set of time frames to watch together but now im thinking being rigid like that might be hurting me. After examining several bounces i noticed that the bounces my "rigid tf's" would tell me to skip, usually would have been good trades if i just used a different time frame. The idea is that if there is a bounce off an MA then i should find a clear signal to get in somewhere. Say the bounce is occuring in TF-5, then i would check TF-4, then TF-3, then TF-2....I would prefer using the biggest TF's i could but i am willing to get into a smaller/less profitable trade if it looks like the odds are in my favor. In the end im just going to be more open to trading various time frames.
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