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.....
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