Friday, March 6, 2009


Costly slip in maintaining the correct mindset. Took a 25 point loss in the YM...

It was a decent setup intraday except all I used for larger timeframe support (as you have to go way back to the left of the chart to find price support) was a Fib Extention- I don't remember which one but I never use them anyway so had no business being in the trade. Once in, however, I failed to pull the plug quick enough as price took a nose dive the instant I bought. Tried to wait for a bounce etc.

Complete lapse of trading discipline.

No comments: