Monday, October 04, 2004

Journal - 10/4/04

Bad day again - 1 breakeven trade and hesitated again on one good ESTX50 setup so missed good profits. U.S markets were choppy at start so no trades there too.

02:22 - S GBL 115.25 stp 115.28 - trend, 3-min pb10ema, low vol pb
02:31 - Exit 115.25 b/e - didn't like push back with higher volume

Note: Price moved favorably, a good sign. Tightened stop when price moved +4 but price wouldn't break down. Then, a push back with volume didn't look good to me, so I got out.

Here's ESTX50 chart on missed trade and profits.

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