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Chronicle of a Death Foretold ?
- Thread starter jjrvat
- Start date
Today April 2 2007 European Session: (Live Futures)
10: 43 GMT +1
Trade 1 Summary
Entry
1. 10: 22 Short (133.93). Price below 36 SMA? (yes) short (yes)
2. M2 RSI overbought? (no)
M2 confirmations (yes)
Daily pivot hit?: (no)
Exit
10:43 (133.89)
Reason: Hit Pivot point support. 4 pips profit
jjrvat
10: 43 GMT +1
Trade 1 Summary
Entry
1. 10: 22 Short (133.93). Price below 36 SMA? (yes) short (yes)
2. M2 RSI overbought? (no)
M2 confirmations (yes)
Daily pivot hit?: (no)
Exit
10:43 (133.89)
Reason: Hit Pivot point support. 4 pips profit
jjrvat
Today April 2 2007 Eur Session: (Live Futures)
11:12 GMT +1
Trade 1
1. 11:12 (133.91). Price below 36 SMA? (yes) short (yes)
2. M2 RSI overbought? (no)
M2 confirmations (no)
Daily pivot hit?: (no)
Comments: Price broke M10 36 SMA for the 7th time in the last 3 hours = Trendless
Status: Step aside until direction is clear
jjrvat
11:12 GMT +1
Trade 1
1. 11:12 (133.91). Price below 36 SMA? (yes) short (yes)
2. M2 RSI overbought? (no)
M2 confirmations (no)
Daily pivot hit?: (no)
Comments: Price broke M10 36 SMA for the 7th time in the last 3 hours = Trendless
Status: Step aside until direction is clear
jjrvat
Today April 2 2007 Eur Session: (Live Futures)
12:08 GMT +1
Trade 2
1. 12:08 (133.92). Price below 36 SMA? (yes) short (yes)
2. M2 RSI overbought? (no)
M2 confirmations (no)
Daily pivot hit?: (no)
Comments: Horrible morning for trading
Status: Step aside until USD ISM Manufacturing Index
jjrvat
12:08 GMT +1
Trade 2
1. 12:08 (133.92). Price below 36 SMA? (yes) short (yes)
2. M2 RSI overbought? (no)
M2 confirmations (no)
Daily pivot hit?: (no)
Comments: Horrible morning for trading
Status: Step aside until USD ISM Manufacturing Index
jjrvat
Today April 2 2007 US Session: (Live Futures)
19:20 Gmt + 1
Closing Day.
Summary
Poor market conditions and average trading
1 trade.
Rating: Average
Trades: 1
Winners: 1 (4 pips)
Direction Forecast for long or shorts: 5/10
9:30 â 10:30 Shorts. Not really
10:30 - 13:00 Step aside. OK
16:30 - 19:00 : Step aside. Wrong (Long)
Entries: 6/10.
First Trade. Average.
Ok. Considering the awful trendless market of the Morning European session but still not good timing
Exits: 8/10
Exiting at the pivot point was the best option. The market tried for 20 mins to break it but it couldnt.
jjrvat
19:20 Gmt + 1
Closing Day.
Summary
Poor market conditions and average trading
1 trade.
Rating: Average
Trades: 1
Winners: 1 (4 pips)
Direction Forecast for long or shorts: 5/10
9:30 â 10:30 Shorts. Not really
10:30 - 13:00 Step aside. OK
16:30 - 19:00 : Step aside. Wrong (Long)
Entries: 6/10.
First Trade. Average.
Ok. Considering the awful trendless market of the Morning European session but still not good timing
Exits: 8/10
Exiting at the pivot point was the best option. The market tried for 20 mins to break it but it couldnt.
jjrvat
Today April 2 2007 US Session: (Live Futures)
17:45 Gmt + 1
Closing Day.
Annoyed
Summary
1 trade.
Rating: BAD
Trades: 1
L: 1 (6 pips)
Direction Forecast for long or shorts: 1/10
9:30 â 12:30 Long. NO
12:30 - 16:00 Step aside. Wrong
16:30 - 19:00 : Long . NO
Entries: 2/10.
First Trade. Perfect entry but to the wrong side. Wrong Direction
Exits: 3/10
Didn't move stop was OK but not checking 5WMA cross with 8 WMA as an early signal was a mistake.
Comments:
1. I think I'm not going to achieve my goal. I'm still with profits but my system is not consistent... however my daily trading rating after almost 5 weeks has gone "consistenly" from very good to bad ...
2. I'll need to go back to the basics of my system. Too many "tweaks" (changes) and charts variations have make me lose the confidence.
3. I'm getting tired of trading like this. It's not economic and time efficient.
4. I'm going to take a break for a day to decide if a continue or not with this...
jjrvat
17:45 Gmt + 1
Closing Day.
Annoyed
Summary
1 trade.
Rating: BAD
Trades: 1
L: 1 (6 pips)
Direction Forecast for long or shorts: 1/10
9:30 â 12:30 Long. NO
12:30 - 16:00 Step aside. Wrong
16:30 - 19:00 : Long . NO
Entries: 2/10.
First Trade. Perfect entry but to the wrong side. Wrong Direction
Exits: 3/10
Didn't move stop was OK but not checking 5WMA cross with 8 WMA as an early signal was a mistake.
Comments:
1. I think I'm not going to achieve my goal. I'm still with profits but my system is not consistent... however my daily trading rating after almost 5 weeks has gone "consistenly" from very good to bad ...
2. I'll need to go back to the basics of my system. Too many "tweaks" (changes) and charts variations have make me lose the confidence.
3. I'm getting tired of trading like this. It's not economic and time efficient.
4. I'm going to take a break for a day to decide if a continue or not with this...
jjrvat