Search results

seems euro correlation with ES has really reduced last few days. ES is dropping fast, but Euro not showing the usual drop. Under 'normal' conditions, Euro would have dropped 50-60 pips by now, its down just 15 pips today, since ES RTH open. Something to take note of. Edit: Euro is down 5...

long 1207.5

headfake, did me in. Closed at 1213.

I think he meant friday close and monday open difference.

long 1216.75

out 1214.. Thanks Josh for pointing to the low volume. After price stagnated for so long here, I decided to close this one, though it seems that I could have gotten 1 point here.

short 1214.25

out 1215.25

long 1214.5

out 1214

short 1215

out 1214.5

short 1214.75

stop at 1214.75, looking for 2 points now. Out at 1214.75

long 1214.5, 1 point target

Thinking through it more, yes the technical damage done to gold has been immense and it seems we have still not seen the final capitulation. I am also not touching it for sometime now. :)

Satchel, Thanks a lot for your response. Definitely re-enforces a few things like the N54 Fan advice and the absolute need to stay in the business. Yes, now I think I have 2 months of ES trading experience, probably its a good time to go back and look at all the trades I did in detail. I am not...

Neke, have been following you for sometime. Your decision to put more emphasis on PF going forward is a very welcome development. I think it doesn't matter if you are positive or negative for a week, what really matters is the analysis you are doing on your trading performance and the metrics...

20 weeks have passed by since I started this journal, so I thought I will post a summary of all my trading attempts till date. Nothing to be very excited about, but it sure looks that in 2011, I have finally got my act together and am on my way to make sure I don't have a blowup again. My...

About consistency - With more experience, it is really sinking in me how important being consistent is for running a successful trading operation. I lost 'lots' of money in August, but have been profitable every month since then. I am hopeful I will end December also profitable. That will be...