Another Nick Leeson
http://www.reuters.com/article/2011/09/15/us-ubs-idUSTRE78E15I20110915
ZURICH | Thu Sep 15, 2011 3:45am EDT
(Reuters) - Switzerland's UBS said on Thursday it had discovered unauthorized trading by a trader in its investment bank had caused a loss of some $2 billion.
I haven't used Ninja trader and I cant understand your trades or trading style from those charts.
It would help if you also post a text of the trades saying - ie entered at x price with y stop, z limit etc got stopped/sold/covered at w price etc
I trade TF a lot and am very familiar with...
S&P - bear flags on daily chart have ripened. Getting break today. Odds are for move to 1040 -1060 area on this second push down followed by another bear flag and 3rd push down to 1000 area
Bear/Bull flags are the best price patterns and some of the highest odds to trade. If you only trade bull and bear flags you can do very well.
A great filter for trading flags is momentum. so momentum move followed by a bull or bear flag has even better odds. Right now on the daily chart...