Saturday, March 7, 2009

YM loss- Fri 6th March



Another frustrating loss as I struggle to adjust to the market chop. Patterns are more difficult to decipher and so they require probing rather than the one shot, one kill approach that I'm used to....simple adjustment to make but I've been stubborn/impatient....

The idea was one I had been tracking from 5 hours beforehand thanks to a heads up from Kevin's friday Ezeetrader Update...when I later saw a momo reversal developing down at the lows of the hourly channel, I started looking for my entry.

The intraday chart tells the story...

2 comments:

Anonymous said...

You had previously left a nice comment (I get so few I remember them all!) on my 'Uncertain Futures' blog. That same blog now has a new home at longandwrong.wordpress.com which you may be interested in.

If I say nice things about your trading now it will just seem like sycophancy!

Best wishes from the UK.

Jules said...

Why do you always make me laugh, UF? :-)