Holding On

Didn't trade last night as I brought my family up to Johor Bahru for a day trip. Caught the recently released cartoon movie, "Megamind". Was a decently fun movie and the whole family got a kick watching it. We also did quite a fair bit of grocery shopping, moving from point to point, and as well as between two hypermarts. By the time I dropped my mom & auntie off, I hit home with the wife & kids

Consolidation

Markets took a breather last night, with some downside bias. Initial SHORTs were the order during the early part of the trading session. Was able to garner +2.75pts from 2 trades & I called it a night, preferring to catch the episode of Fringe on the telly.I had lost -1.50pts last Fri but with yesterday's gain, I am back to +192.50, from my original starting trading balance. It's been a ding-dong

Breakout...Divergence Negated.

The divergence I mentioned in yesterday's post was clearly negated when both the YM & ES did a chart breakout last night. Although LONGs were the trade setup for the night, I missed going LONG by 0.25pt and I decided to wait for the next opportunity.However, when the next one came along, I was given a fright (though with STOPs in place) when right after getting in, they sold it down pretty

Divergence between the YM & the ES

Was a so-so night for me as small pre-marlet losses took out some steam in my trades and at the start of the trading session, I was concentrating on re-couping them. I finally did, but not before getting frustrated with a couple of early trades that was postive by -1.50pts, only to turn negative and hitting my STOP by -0.25pts. Eventually, the night ended with just a +0.75pt gain. Rather decent

See - Saw Account Level

It's been a see-saw kind of week for me as I gave back what I had earned on Monday. Had a couple of Break Even trades but I also had two perfectly good trade setups that I took (with unrealised profit of at least 1.50pts) go against me as I moved my STOPs nearer to Break Even levels. They turned out even more profitable as PRICE went down after hitting me. Aaaargh!!I had mentioned yesterday that