Friday, May 29, 2009

ES 0 points, break even






Mistakes:
-Major trend consolidating in triangle, hammer in 15 min, was looking for long BUT entered a short in the range
-The market flow was going up
I abide by the rules and entered shor:
-After and up move, in resistance, bearish engulfing
-

Thursday, May 28, 2009

ES 2 points, one trade



1)Major trend up...should trade long BUT 5 min chart indicates break of channel
2)hits resitance of 60 min chart or almost
3)hit R1
4)Hits previous open

Wednesday, May 27, 2009

ES 2 trades-----3.25 points

60 min trend down looked for shorting

5 min consolidating

looked for short set up


First post in my demo account