Another Journal

Quote from garage sale:

MA never crossed below so it is invalid now.

ADX> 40 and DI+ > DI-, so I'll be going long on a pullback.
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Long 1203.5, stopped 1199.50. Down 4 pts.
 
Quote from garage sale:

Long 1203.5, stopped 1199.50. Down 4 pts.
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This was a trade from yesterday. Looking back it was a mistake because the MACD was sloping down even though it was above 0.

There was a long signal after the open that would have been profitable but I was busy with something else so did not get a chance.

I have noticed that this works well in the first two hours, so maybe I should just trade during that time.
 
I usually cannot trade on Mondays and Wednesdays because of my regular job but today I was not feeling well so I decided to stay home. I made 8 NQ points.

1 is where I got the signal with ADX > 40, 2 is where I entered the trade and 3 is where I exited.

2mr6rft.jpg


30vzud5.jpg
 
Ref. your last trade. The MACD was below zero, however the fast line was above the slow line. Wouldn't this violate your rules requiring the fast line to be below the slow line for a short?
 
Quote from Honda:

Ref. your last trade. The MACD was below zero, however the fast line was above the slow line. Wouldn't this violate your rules requiring the fast line to be below the slow line for a short?
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It certainly looks like that right now but at the moment I could not really tell if the fast line was above the slow line. They were basically hugging each other. Once I entered the trade I could notice that the fast line was above the slow line but I had my stop to protect me.

There is a new short opportunity ahead. Need the price to close above the 3MA and I'll sell once the next bar goes below it. I noticed that a 4 pt. stop is plenty so when the price goes below the last bar, I'll add 1.5 to the high and sell-limit at 4 pts. below that.
 
Quote from garage sale:

It certainly looks like that right now but at the moment I could not really tell if the fast line was above the slow line. They were basically hugging each other. Once I entered the trade I could notice that the fast line was above the slow line but I had my stop to protect me.

There is a new short opportunity ahead. Need the price to close above the 3MA and I'll sell once the next bar goes below it. I noticed that a 4 pt. stop is plenty so when the price goes below the last bar, I'll add 1.5 to the high and sell-limit at 4 pts. below that.
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Just to add to this, if the slope or the difference between the fast line and slow line had been bigger I'd have passed the trade.
 
Quote from garage sale:

If anyone knows how to make the chart smaller, please let me know.

Thanks.
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I'm not sure what screen capture program you're using. I use snagit, which allows me to edit after the capture. In addition to adding annotations like yours, you can also resize the picture before saving it.

Also, there are some tricks you can use to re-size the picture using the "img src=xxx width=yyy" html tag.

For instance:

<img src="http://i37.tinypic.com/2vmxzsh.jpg" width=600>

Unfortunately it loses some resolution, as you can see.
 
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