Decent little trade. Price bars did not calm down once they peaked so there was a large retracement when price triggered my exit by closing below a recent dip.
Something is better than nothing. At least price moved in the general direction I thought it would.
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.
Friday, June 27, 2014
Thursday, June 26, 2014
Wednesday, June 18, 2014
Monday, June 16, 2014
I posted examples of excellent/easy set ups to find. Basically, I want to "just get in" and then be real defensive. I would not mind making money (of course) or NOT MAKING MONEY, I just really do not want to LOSE money. I always remember, losing 5% or more of your value starts to require much more then a 5% gain to make it back...YOU HAVE TO KEEP YOUR LOSSES SMALL!
Taken from the previous 2 days of the S&P 500 futures 5-min chart. Very basic.....S/R lines formed by using at least two points. My entry these days would not come after a bar close or type of bar reversal....just any time price is at the S/R line. Initial stop would be a close past a recent peak, trade exit would be a reversing close past any trailing peak.
I want to look at more daily charts because I don't have time to watch minute charts during the day.
Looking at charts again!
Now that im not teaching, I miraculously have time to look at charts again. Keeping track of several stocks on my phone. I set alerts. If alerts are triggered then they would be considered "high probability" entry points. Which is the only kind of entry I would make.
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