Trade #1 - Anyway, I'd a bad trading day today. Don't feel like writing much. Basically, shorted at around 10:34 @1690.00 and got stopped out promptly 3 minutes later @1692.00 for -2.00 pt. Two glaring mistakes I'd made were:
1) I'd misplaced the top trend line, which caused me to misread where prices were heading. I thought prices were hitting trend line resistance.
2) By going short, I'd countertrend traded, since the market was in an uptrend.
Didn't really bother with the rest of the day, as there was a FOMC announcement scheduled. The market tends to be very volatile/wild immediately before and then after these types of events.
7/31/13 ES chart |
No comments:
Post a Comment