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  1. momoNY

    Simple Overbought/Oversold journal

    Today, three scratch trades for one point gain. Total: 6.75 pts loss Number trades: 31 Largest Win: 2 pts Largest Loss: 3 pts
  2. momoNY

    Simple Overbought/Oversold journal

    Because you are trading on a longer time frame, I assume it is easy for you to manage, cause you can't decide unless you see at least another bar forming and that's an hour later. Probably, longer time frames help you to be patient. For me I can't trade on those time frames for multiple...
  3. momoNY

    Simple Overbought/Oversold journal

    I did not trade yesterday. I was busy with endless meetings all day about the same old problems that seem to have different solutions every week!!! Easyrider: that's exactly what I'm experiencing for a long time now. I don't seem to find a solution. I put a trade I walk away, then I come...
  4. momoNY

    Simple Overbought/Oversold journal

    Today, I was not supposed to trade but I put two small trades. Both short after 2pm. There was overbought and divergence on the CCI, together with plenty of resistance at around 1280.5. I closed the positions very quickly because of the apparent strength. Total: 7.75 pts loss Number...
  5. momoNY

    Simple Overbought/Oversold journal

    Went long at 1264.25 but closed the trade for 1 point gain. Once again did not let my trade workout. That's it for the day and probably for the week. I'll have to write down a plan and start to post charts at the end of the day. No real time cause I lose focus. Total: 9 pts loss Number...
  6. momoNY

    Simple Overbought/Oversold journal

    Today is a really really bad day for me. I have 6 points loss. Kept fighting the trend all the way up. I did not experience this losing streak for a while. So far this journal is not helping me at all, at least on my P/L. I'll give it a break for some time. Total: 10 pts loss Number...
  7. momoNY

    Simple Overbought/Oversold journal

    Shorted at 1268, 2 points stop and 4 points target. loss of 2 points. Should have waited to see a reversal. YM is breaking yesterday's high. EDIT: completely killed today. Went back short at 1269.5 after the hammer. Stop at 1271.25. 1.75 loss to be added. I have to call it quit today...
  8. momoNY

    Simple Overbought/Oversold journal

    Went back at 1261.5 and put a stop at 1260. Sold at 1263. I don't like today's action, there is a huge lack of conviction. We might get a pop up now, but you've got to have very solid nerves. Remember small losses are always easy to manage. Total: 4 pts loss Number trades: 20 Largest...
  9. momoNY

    Simple Overbought/Oversold journal

    bought at 1262.5 and put stop at 1261.25. The reasons were, oversold on 15min, CCI divergence near keltner channels on 5 min. No clear support however. Stop triggered. I might go back to the trade.
  10. momoNY

    Simple Overbought/Oversold journal

    You're kind but losing is really bad ;-). But it is a necessary ache or hit. I feel like doing charity for Interactive Brokers ;-) . Last year I made roughly 5500$ in trading but my commissions were close to 6000$ for a net loss of close to 500$. I can afford that, but for how long? I don't...
  11. momoNY

    Simple Overbought/Oversold journal

    Shorted again at 1272 covered at 1271!!! back to where I was in terms of number of points. I'm out of here. Total: 4.25 pts loss Number trades: 18 Largest Win: 2 pts Largest Loss: 3 pts
  12. momoNY

    Simple Overbought/Oversold journal

    Shorted at 1269.5 covered at 1272.5 for a loss of 3 points. I should have put my stop 0.75pts away but, again back to poor execution.
  13. momoNY

    Simple Overbought/Oversold journal

    Scalped another point from 1261.5 to 1260.5. Have to leave for at least one hour. Total: 2.25 pts loss Number trades: 16 Largest Win: 2 pts Largest Loss: 3 pts My trades so far today:
  14. momoNY

    Simple Overbought/Oversold journal

    scratched a short trade here at 1261.5. I don't not like going against the 2 minutes trend when entering a trade.
  15. momoNY

    Simple Overbought/Oversold journal

    Scalped for one point here. Bought 1258.25 sold 1259.25. The down trend looks strong. I'll look to short bounces to resistance. We have one resistance at 1263 then 1266-67.
  16. momoNY

    Simple Overbought/Oversold journal

    Did not put a single trade today!
  17. momoNY

    Simple Overbought/Oversold journal

    Today I bought some WFMI (Whole Foods) for my wife. She likes these stores. I bought it for her sometime ago at 128 then sold it at 150 before the split, I couldn't resist, she didn't like that at all. I promised to buy it back, today was a good opportunity. I don't want to be like that guy...
  18. momoNY

    Simple Overbought/Oversold journal

    Bought at 1262.5 risking target 1265.5 risk 1.5 points EDIt: Closed at 1263.5 Total: 4.25 pts loss Number trades: 13 Largest Win: 2 pts Largest Loss: 3 pts
  19. momoNY

    Simple Overbought/Oversold journal

    There is an overbought and a CCI divergence for a short trade, but I don't like it at this point. I'll wait a little bit until I see a trade as I like them. EDIT: I would have taken the trade had I seen ER under 60 period ema. Still too sleepy, therefore I'm done for the day. I don't think...
  20. momoNY

    Simple Overbought/Oversold journal

    Mark, I'm in the same situation as you. I want at the end of the day have all my attention oriented towards the little one. Having pending positions puts me sometimes in a bad mood, particularly that I'm not profitable at this time. Losing money is already enough to add losing precious time...
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