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

Consolidating My Position

It was a night of careful considerations as after last Friday's session, I was definitely in no mood to lose more ground (in terms of my account - which I am still up by +US167). Even trading the pre-market session was a no-no. However, just at the market open, a LONG trade set-up presented itself and I told myself to take it, knowing fully that important data would be released at 10pm (