now gaining 100, but trailed very close, I was tempted to take profit but I prefer to let it run... if only I would have waited for a support...
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putting all my efforts
- Thread starter darktrader
- Start date
gaining $86.05, stop at break even - 1tick (commission).
I like very much this setup and I should have placed a stop higher, I go for a walk, looking at my charts the first target would be at 2902 for a gain of +$143 but I placed it at 2883 (+$415.82)
bye for now
I like very much this setup and I should have placed a stop higher, I go for a walk, looking at my charts the first target would be at 2902 for a gain of +$143 but I placed it at 2883 (+$415.82)
bye for now
I decided to place my stop at the correct price over the daily high for a stop of $-57.35 total commission for today are $25 so it would be a loss for the day of around $100, but I decided this is my last trade of the day I wont trade WS today, this because I have made enough trades for today.
bye for now
bye for now
Attachments
05-10-11 12:55 PM
number of trades 5, 5 FESX
FESX = -E50 (-$72)
commission: -$25
TOTAL: - $97
one very big mistake today, I entered the first trade in the middle of nothing!! didn't wait for res/supp, so I broke the basic principle of my strategy wich is based on res/supp. This affected all my trading day, becasue when a setup was very close and I anticipated a little with my second trade the market made a big bounce, but I took profit a little over my BE point, to recover, yes it was a good profit around $150, but then the market rallied to more than a hypotetical profit of $700, if it was the first trade I would have maybe took profit at around $300 or more.
number of trades 5, 5 FESX
FESX = -E50 (-$72)
commission: -$25
TOTAL: - $97
one very big mistake today, I entered the first trade in the middle of nothing!! didn't wait for res/supp, so I broke the basic principle of my strategy wich is based on res/supp. This affected all my trading day, becasue when a setup was very close and I anticipated a little with my second trade the market made a big bounce, but I took profit a little over my BE point, to recover, yes it was a good profit around $150, but then the market rallied to more than a hypotetical profit of $700, if it was the first trade I would have maybe took profit at around $300 or more.
Attachments
trailed at BE too early (gaining $50), stopped at BE + 1 tick