Wednesday, July 7, 2010

Revisited


It's very harshed to see a market like today. Moved slow, retrace deep and go what it have to go, retrace again. There's 10 ticks all over the way, missed 3 opportunities..

I found that revisit or retrace to a key price is vary often happened especially in ranging market. Entering at 2nd opportunity sometimes gave better entry. Should broadened my setup to reap more ticks.

Monday, July 5, 2010

A Class Trade


If I let my SL loose, I may not taking small losses and may booked bigger profit. But this is the result of iron-clawed discipline trade. No doubt I bought higher price, which is very uncomfortable for me, but when my signal appeared, I had to do it no matter what. Exit beautifully on temporary peak.

So Far So Good

Time : 20:00 - 23:42
6E = 3 signals; 1 loss (-6ticks) 2 winners (>20ticks)
6B = 2 signals; 1 loss (-4ticks) 1 winner (>20ticks)
6J = 2 signals; all winners (12 & 9 ticks)
6A = 3 signals; 1 loss (-7ticks) 2 winners (8 & >30ticks)

If I took only 8 ticks on every trades, I may booked 39 ticks in just 3 hours. It gained my confidence that my system worked!!! :)
The challenge now : applied it with pure disciplined and developed the profit taking system. While my SL is already intact.

I still used the wedging technique with additional of volume analysis. I won't enter the trade if there's decreasing volume and spiky volume. Sometimes it worked, other time it won't. At least I knew the increasing volume showed more participation with the move. That's giving me a little peace of mind.

US Holiday


Attempt to back in shape. Trade with wedge technique, pure discipline with 2:1 RR. Done for the day.

Friday, July 2, 2010

Friday Result


Scared to death for losing. My Stop Loss blasted twice. The second blast didn't take me out (luckily or ironically).

My account condition and my mental condition wasn't prepared for long battle. Enough for the weekend.

Wedging Technique Prevail Again



Due to lack of capital, I can't enter the signal. I have to enter every signal since I dunno which will suceed. I will feel desperate if I chose the wrong one and the one I didn't choose fly away.

Most of my money sucked up to my apartment installment. But I already sold it. Waiting for additional capital to enter and I'm back in business.

Thursday, July 1, 2010

Lack Of Capital, Lack of Confidence


I should booked $300 on couple of trades, instead little $$$

Not discipline, rely on experience and managed to get little profit.