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)

This made me laugh....

Between 2009 and 2012, Apple legally avoided U.S. taxes on at least $74 billion through a web of offshore subsidiaries more complex than financial experts said they have ever seen before, according to a report by congressional investigators. Some of the offshore entities had no employees and were run directly from Apple's headquarters in Cupertino, Calif. "Apple successfully sought the holy grail of tax avoidance," said Sen. Carl Levin. "It has created offshore entities holding tens of billions of dollars while claiming to be tax resident nowhere."


-from the CFA Institute

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.

just randomly posting an entry.  I searched through many charts but I finally found a good entry for me.  There are several that I have my eye on.

**short entry at close on 3/8 for Nasdaq 100 tech sector, NDXT on TOS platform.  Initial stop is a close above my entry bar.

overall the market is sounding more exciting since new all time highs are being hit.  Japanese Yen futures was one of the only charts that I have seen sinking.

Sequestration is the latest buzzword people keep saying.  I like the picture I saw of Obama glaring to the side at Boehner in disappointment.  Which rich actor/government worker do you like?  Politics reminds me of my lovely fiancé's novellas.  Scandals, a lot of make-up, everyone is blaming someone else.  How many hundreds of years will it take for humanity to improve on democracy?

I can't find enough trades to get into by just looking at index futures so I keep skimming over the other contracts available.  Certain contracts act a little too wild for my taste but im basically willing to get into anything. 

My running total of trades that I have been keeping track of since November is at or just above 30 and my % of trades that gained is close to 40%.  Currently I am shorting Heating Oil and New Zealand Dollar for my only open trades and both look really good at the moment.  As long as there is no huge one day pullback on either I will add a couple of large gains to my record.

One of the recent losses I just had was for 5 year treasury futures.  I noticed it had a bad pullback on the weekly chart, for what I want, and now I will pay more attention to the weekly charts.  The daily chart is telling me my exact day to enter (timing) but the weekly chart, which is naturally the more important time frame is the main thing.  I used to put more emphasis on the daily chart since I entered using it, maybe that's a really good thing for me to switch it around.  sounds kinda like wisdom that I have heard before........maybe I can apply that wisdom better now. we'll see.