Monday, January 03, 2005
1/3/05 Well, I'm off to a good start
Today started out like the day from hell but after I bashed my head in several times by going the wrong direction on the SP's I finally got the hint!
906 b 2 sp @ 121475
907 b 1 sp @ 121500. Great, just as the market is getting ready to drop
918 s 3 sp @ 121275. Log my first lose for the year. One thing to note.
As I've been watching the Tick and I noticed that unless it really gets up (or down) there it doesn't just tells us that we are trending. Unless it gets over 1000 or so it is likely to continue in the same direction. If it gets over 1000 then it tells us that the market might be out of wack. That's when you need to watch for a reversal. I need to start looking for another reversal sign. MACD or an oscillator. Need to look into that.
922 b sp @ 121350
927 s sp @ 121175
935 s sp @ 121100
939 b sp @ 121075 Man, I wish I had held on to this one longer. Of course the market rallied back to 121200 after this trade so unless I had balls to hang on (read no) I would have gone out at a loss.
939 b sp @ 121100
952 b sp @ 121150
1003 s sp @ 120975 When am I going to learn
1006 b sp @ 120850
1100 s sp @ 121100 finally a good trade. Just wait till you see what's next!
1103 s sp @ 121025
1225 s sp @ 120675
1226 s sp @ 120550 This trade took forever but I finally learned that the market was going down
1457 b 2 sp @ 120275. This trade made my day!
Trader X
906 b 2 sp @ 121475
907 b 1 sp @ 121500. Great, just as the market is getting ready to drop
918 s 3 sp @ 121275. Log my first lose for the year. One thing to note.
As I've been watching the Tick and I noticed that unless it really gets up (or down) there it doesn't just tells us that we are trending. Unless it gets over 1000 or so it is likely to continue in the same direction. If it gets over 1000 then it tells us that the market might be out of wack. That's when you need to watch for a reversal. I need to start looking for another reversal sign. MACD or an oscillator. Need to look into that.
922 b sp @ 121350
927 s sp @ 121175
935 s sp @ 121100
939 b sp @ 121075 Man, I wish I had held on to this one longer. Of course the market rallied back to 121200 after this trade so unless I had balls to hang on (read no) I would have gone out at a loss.
939 b sp @ 121100
952 b sp @ 121150
1003 s sp @ 120975 When am I going to learn
1006 b sp @ 120850
1100 s sp @ 121100 finally a good trade. Just wait till you see what's next!
1103 s sp @ 121025
1225 s sp @ 120675
1226 s sp @ 120550 This trade took forever but I finally learned that the market was going down
1457 b 2 sp @ 120275. This trade made my day!
Trader X
