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After reviewing September’s trades this past weekend I realized a predominate number of my positions were short; under all types of market conditions. Today I wanted to focus on executing more trades and focusing on entering long & short positions based on the current market activity and...

I will not post trades for Wednesday 10-1-03 & Thursday 10-2-03. My journal will resume on Monday 10-6-03!

Early on I missed several opportunities (no excuses). I was able to focus on re-entering the market later in the session and I practiced a new technique of resetting my stop 1 tick above breakeven. I was successful at reentering but I realize I need to be flexible when resetting my stop...

Porgie, I didn't think you would post here anymore! How are you doing on the longer time frames? Not sure if it'll benefit me but if you find it helpful keep using it. Good luck with your trading because October will be a tough month.

Kserra, Good to hear you enjoy reading my journal. Is this truly your favorite journal? I'm trading a system called the TIMES method developed by a trader who started Traders International, in Houston. http://www.tradersinternational.com. I have completely modified the system to fit my...

Today I accomplished my goal of sticking to the plan and maintaining a strong level of discipline. I also was successful at incorporating a few market breadth indices into my trading scheme (used NASDAQ Adv/Dec Ratio & VIX). I want to still work on re-entries per direction of market movement...

I started out sticking to the game plan but later in the session I just didn’t focus and started taking trades on intuition. I did a lot of things wrong that I’m not proud of but being wrong really affirms to me how important it is to stay disciplined and focused on executing trades...

Double Bottom and Double Top

I stuck to the system today and I’m happy. I’m also excited that I didn’t try to take any reversal signals during that massive downtrend mid-morning. I completely avoided it, however in hindsight I should have been shorting considerably because all of my support levels broke...

Today I had a lot of different mood swings while in my trades; greed & fear. I learned something from another trader about adjusting my profit target order per current market conditions based upon intraday s/r levels. I'm generally all over the board when it comes to profit targets but now I...

Today I made a few mental errors and missed some opportunities early on but I just wanted to stick with the game plan. I wanted to focus on placing trades with the trend and approach divergence reversal setups with strict caution, although today I completely avoided them to save face...

top_playa You can get these numbers at my website Mon - Thu: http://home.houston.rr.com/aarondwashington/ I use the basic formula for calculating s/r levels via excel, coupled with pre-market & previous day price activity.

This is my third day in a row of doing the wrong thing and making continuous errors. I’m sort of embarrassed to mention most of my positions were against the current trend. Trade#1 – [Short 1029.50 10:05 EST & Cover 1030.50 10:26 EST] [ P/L: - 1 ] I decided to go short to test...

Kermit, Awhile back Porgie offered some advice about my tight stops and I took it. My stops are now placed no more than 4 points against my initial position. I'm flexible depending on the trade. My first trade I covered after I realized I took a false signal off my 1 minute chart and...

Another day of doing the wrong thing and making continuous errors. I keep taking the opposite position of the current trend. Trade#1 – [Long 1025.75 13:25 EST & Exit 1024.75 13:44 EST] [ P/L: - 1 ] Overall bad trade when price was shuffling down of its high of 1029.50. I took a false...

I have nothing really positive today about my trading. It seems as if my trades were predominately short when the overall trend was up. I took a trade against the trend for what reason I can’t explain but I know I need to take trades per current market direction. Trade#1 – [Short...

T-REX, We talked about this in prior post. I'm on the sidelines and you know the reason why! I'll place trades per current market direction not based upon the volatility from the FOMC minutes. If a signal isn't generated than I'll end my day going home with nothing. No big deal but I...

T-REX, You're right! Activity is usually dull when there's an FOMC meeting. However, I try not to create a market opinion, nor do I try to predict what will happen intraday. I generally just place trades with the flow of the market with the help of my technical indicators. Having a clear...

Yes, there is a lot of movement in the ES & NQ this morning and I want to take advantage of a few good trades prior to the lunch hour.

I’m satisfied with my entries but I wasn’t able to keep my winnings on one trade because I didn’t cover it in a timely fashion. Really tight range but I was able to squeeze some profit out early on. Overall, I’m happy with my results today. Trade#1 – [Short 1016.25 9:44 EST &...