1% a day and MM

tango29 · Nov 25, 2003

get hit and taken out. Will scratch at 1052.5 if it hits now.

tango29 · Nov 25, 2003

1051.5 838et

tango29 · Nov 25, 2003

at 1051.25. wanted 51.0

tango29 · Nov 25, 2003

what I need to get goal. 1051 gives net of commissions. Will give it a chance to go thru.

tango29 · Nov 25, 2003

stand it anymore. Out 1050.5. At least let 1051 break. Will add up and be back , should be done.

tango29 · Nov 25, 2003

Net= $198.1. COuld have had a trade with the trend before the news and had goal, but nerves gave out. With bonds going up and a quick pivot lower high I went with the 1052.5 sell. After the fact I could have held for better reward based on a 1 pt risk. Kind of a dilema with having a $goal as oppsoed to looking at strictly risk/ reward.

Siwash · Nov 25, 2003

Thanks Tango,

On the bonds what kind of set up are you looking for to get in

Good Trading!

tango29 · Nov 25, 2003

Same things in all markets for the most part. Find trend if there is one, look for pivot points(pullbacks), find support and resistance. Try to get in after a test of support/resistance and before it is fully back into the trend using the pivot to get going with the trend before the previous hi/lo is broken so when it gets there I have some cushion to wait it out if it doesn't break right away. I'm not good at explaining this, so I am trying to put in my reasoning when I take the trades, but I have been forgetting to do this I know.
Hope that helps a bit

Siwash · Nov 25, 2003

Thanks that helps!

tango29 · Nov 26, 2003

this morning maybe to not lose. I'll see how it goes, but if the trading seems too light I'll pass. Right now may have a reject of support on bonds, see what happens.