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Evening Update 2013.02.15 - Part 2 As market declined to a support level at SPY 151.50, I closed a position at ES 1513.25 and took a small profit of ~ 3.4 points and called it a day. Next week I will be working on improving the timing of entries, and trading off the short timeframe price...

Evening Update 2013.02.15 - Part 1 Trade log for today:

Morning Update 2013.02.15 Short position established yesterday at average price of 1516.50 is either wrong or early (same as wrong when trading short-term with high leverage). On intermediate-term level, market did not correct too much and is now testing high level. I will be watching...

Evening Update 2013.02.14 - Part 3 Same chart as above with notes and is range of 4 ticks

Evening Update 2013.02.14 - Part 2 As the notes on the chart indicate, I kept shorting the rally throughout the day on every small weakness. The assumption was that market is heading to 1500 – 1510 area, but working through a correction . I still like the assumption, but decided to give a...

Evening Update 2013.02.14 - Part1 Trade log for today is below:

Morning Update 2013.02.14 Intermediate term trend is UP, but in the process of correction. Target for correction is trendline on the chart below or support at SPY 150. I started scaling back into a short position this morning that I closed yesterday.

Evening Update 2013.02.13 - Part2 Trades for today are indicated on the chart with arrows, trade keys are in the footnote below. I had short-term bearish bias going into today (see today’s morning update), but only managed to extract 1.75 ES points profit. Mistakes are as follows: -...

Evening Update 2013.02.13 - Part1 Trade log for today:

Chart for the post above ...

Morning Update 2013.02.13 There is no change in intermediate term trend view -- market is in the advanced stages of the strong uptrend. My view is that best risk/reward for a short-term trade is fading the trend for a possible correction to trendline or support level at SPY 150 (see attached...

Evening Update 2013.02.12 No trades today. As mentioned in the morning review, I was looking for a good entry point to short ES, but saw no opportunity during the day.

Morning Update 2013.02.13 Current intermediate term trend is uptrend that started in the beginning of the year. As the trend is getting old, the market started going through swings in the beginning of February that are tradable from both long and short sides. The plan for today / tomorrow...

Account is funded - beginning balance is $15,463

My trading approach can be summarized as trading swings in intermediate-term trends. I trade both in the direction of the trend and countertrend. Even through trend definition is an art, not a science, I feel that I have to put basic rules in order to keep trading structured and disciplined...

Purpose of the journal – to share my trading results, analyze mistakes, and to enforce discipline. Trading method – 100% discretionary, based on technical analysis of price action. Fundamentals and news are taken into consideration under the following conditions: When prices behavior is...