Sunday, October 30, 2011
Monday, October 24, 2011
10-24
+22
strong move up. i didnt feel i did well on the exit. The market broke its high
and i wasnt sure where i wanted to cover. It was moving fast and I had seconds to decide.
I was up 5 ticks and then up 30 ticks faster than i could process what the hell i wanted to do.With the CL looking to be way up there i decided to take a scalp but this baby ran higher all day. thats trading
Friday, October 21, 2011
10-21 trades
I hate getting it right but still getting it wrong. not very smart to wait for the last hour to trade CL. I expected a strong sell off or a short squeeze but not sloppy price action. I tried to ignore it was late Friday as I had the read where the market was going. the Market failed to move lower and you can see it exhaust but timing the move up was no walk in the park. The set ups were not the best after looking at them.. it always seems that way right???
Thursday, October 20, 2011
10-20 TRADES
here is the later movement for review. Were there clues?? I'm sure there is some
Days like this there is fine line of being a visionary, planning a trade, and forcing the market. Sometimes I get it all confused. Its important for me to realize when i do have it all wrong and stay out.
Wednesday, October 19, 2011
10 19 trades
no trades on 10-18 CL roll over and tough read overall. I decided to not trade. 10-19 S&P slap chopped in a tight contraction most of the day. CL offer a some trade worth jumping into. the Chart above shos morning trade and then in the after noon how I planned out my next trade. I was spinning my web looking for the trapped traders on the short side so I could take the other side but i was wrong in that direction. I can see were the analysis was off as price return back into the range. This is usually bearish but today i was holding truth that once the S&P broke up out from contraction it would send crude and the rest of the market with it. I was wrong.
As I waiting for price to correct and then trap shorts the move lower happened and the bears remained in control. My analysis was wrong and now I have to regroup. The hard part is once its clear on direction most of the time its too late. Ive been a sucker for trading at these levels and get burned most of the time. Today i just execpted i was wrong on my original analysis and looked for the next \wave to trade
Here are the trades I took for the day
Timing of the entries.
Even thought the P&L was up for the day the part to remember is trade the analysis, admit when your wrong and wait for the market to come to you. I dont have to be right all the time.... just most of the time ;)
Monday, October 17, 2011
Friday, October 14, 2011
10-13 and 10-14 trades
-300 on the day & -600 or something like that, for the week i lost count:
With your feet on the air and your head on the ground
Try this trick and spin it, yeah
You head will collapse
But there's nothing in it
And you'll ask yourself
Where is my mind
lyrics from the band Pixies
great song and that song popped in my head after trading like shit today. I felt like
i lost my mind today. I even moved over to crude to get some action to I could fight back.
i lost my mind today. I even moved over to crude to get some action to I could fight back.
Wednesday, October 12, 2011
Tuesday, October 11, 2011
Friday, October 7, 2011
Tuesday, October 4, 2011
Monday, October 3, 2011
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