no entry signal for RBOB gasoline futures, it just kept pushing up so I won't be shorting that again.  I took another loss with /ES on 4 hr chart.  exited at 1654 for an 8 point loss.  that is a big loss for me.  that is my 4th consecutive loss.  whatever.  next?

hindsight is awesommmmmme!

My recent 8 point loss on the /ES 4 hr chart broke one of my rules.  The resistance I used was not what I consider "major" on the Daily chart, instead it was only major on the 4 hr chart.  I need to follow my rules...I should not have entered in the first place.

Last trade was a loss exited RBOB Gasoline futures yesterday at 2.9447.  Watching for another possible short entry now that it has moved up to an old support/new resistance.

Entered short trade for /ES on 4 hr chart at 1646, tight initial stop at 1649, still watching it right now for the drop.......its thinking about it but hasn't commited yet.  news for today is a strong dollar is hurting profits.  maybe that's enough....

I found a short entry for RBOB gasoline futures on 4hr chart, short at 2.871, initial stop loss at 2.91.

Most people would want to see gasoline prices drop.  Paying $60 a week just to drive to work is not a good thing.  It would be fun to have a lot of money and become a famous trader known for shorting gasoline/oil prices.  I would be a hero among men.  Working class guys would buy me drinks everywhere I went.  The government would like me since I would prevent the already ridiculously wealthy oil companies from sucking more wealth from average americans.  That's how you spread out wealth.  You spread out wealth by competition, not an unfair tax system like in socialism.  Competition keeps people healthy.  Huge taxes is a gorilla on your back.

Two nice short opportunities...

Gasoline futures could drop well on daily chart over the next week.
S&P500 futures could drop well on the 15 min chart  on Monday.

I like what I have been seeing

updated my May 21 post by changing the color of the font, not sure why it was invisible....i always type in black font..hmm...
anyways....

really like the trades I am finding on the hourly chart.  For the past couple of weeks I would have a couple big gainers and a few small losers, -12.5 pts for losses but +77.5 for gains. 

trade took off without me

trading on the hourly chart for S&P500 futures I would have gained 1.25 points, the trade took off pretty well without me, oh well


(not sure which day I originally posted this, will try to find out)