recovery mode

Yesterday was a big lesson in patience. When I eventually did execute the plan, computer gave me troubles, and that just set me in a bad mood. Tried to take continuations out of nowhere, and managed to do a bit of damage to the account. So, right now, am in recovery mode.

Managed a good day today, back to the plan.

Missed the entire run down on eu. Not sure if I would have taken any trades in the run down though. Came to the desk and saw the string of greens before, looked for the closest level, and it was 51 being S1. Waited to see how price would behave around the 50 mark, took the second push down and failure. Exited for 5pips, but could have had more.

Happened to switch on the computers, and saw this setup. Pivot at 26, red, new highs for the session, push up, failed push, and in we go, exit at 5pips. Second entry was taken on a lower high after the failed push up after my first exit. I think I'll leave it at this for the day.

Go Brittany

OOPPPSSS I did it again is the only thing that comes to mind at the moment. Yesterday was a very mixed day. Started off experimenting with EJ during US news, bad idea. Then decided that continuation trading would be good for today(momentary attack of insanity). I was so convinced that eu was going to continue past the figure that I didn't take my normal set up of short at the figure. Lost a bit. Calmed myself down, and then proceeded to make all of it back slowly just following my own setups. Finished the day b/e, but net negative due to commissions. Still, I think it was an acheivement in itself to get back the losses.

Took the first red after the green cycled already. But the way things were shaping up, it looked like the figure would be hit. Took the first gap up past figure, exited as soon as I saw it halt on quote panel, and given the size of the pull back, a safe bet going long again into the break of the figure. Exited at the first spike up. Thought abt short at 05 to test 00, but the way it had been building up on the 5M was not confident of such a quick retrace. Had Daily r1 at 2921 and also the previous day's high at 2919, so decided to wait for that level. Also, the highest volume candle for yesterday was around this level. Got in abt 2pips late, so took early profit.

A day of could have been...

Today was a day of could have been for sure. My first trade was taken at the day's open level with green coming up. Didn't get much out of the bounce. My favourite trade is highlighted in the blue rectangle, always good for 10pips atleast. Green, then a sharp pointy dip and then a bit of a failed attempt push around a level. Just wasn't there to actually take that trade.

second trade

Took this trade as it was hitting new highs of the day and it was showing red. After the big push into new highs, and the subsequent hesitation, took the sell, and just exited for +5. Usually, I would have re-entered the market into the buy off 30 or 35, but had made enough for the day.