Journal - 10/21/04

Trade 1

22:00 - L HSI 13000 stp 12985 tgt +20 - 3m pot'l cci zlr, entry pbh+1, at 10-20-50 EMA support
22:02 - Exit 12983 -17 ticks - stopped out

Trade 2

22:03 - L HSI 13001 stp 12986 tgt +20 - reenter long, prev stop out appeared to be stop running, very few trades printed below 12990
22:06 - Exit 13015 +14 ticks - At top of BB, bounce stalling here

Note: Stop trading here. HSI low volume day, sideways action, high risk environment.

Trade 3

02:50 - L HSI 12957 stp 12944 tgt +20 - counter, 3m pbh+1, at prev day's support low, expecting bounce
02:52 - Exit 12959 +2 ticks - weak volume, not getting the bounce

Note: Expected bounce came on next bar. Got anxious and exited early.

Trade 4

04:21 - L ESTX50 2781 stp 2777 tgt +8 - counter, 3m pot'l cci div
04:34 - Exit 2777 -4 ticks - stopped out, sent limit order to exit at 2778 but did not notice limit price was 2779 so lost 4 ticks instead of just 3 on this error

Note: Price went down after entry and never went positive so should have exited when price came back to 2780.

Trade 5

04:38 - L ESTX50 2 @ 2779 stp 2774 tgt +8 - counter, 5m bline oversold, pot'l 10m bullish hammer
04:53 - Exit 2779 b/e - price went down after entry again, exited when price came back, hammer did not form on 10m chart, also at top of 3m BB here

Trade 6

06:06 - L EUR 1.2618 stp -9 tgt +12 - trend, 10m pbh+1
06:53 - Exit 1.2619 +1 tick - 3m pot'l cci zlx

Note 1: Poor trade mgt, 5m bline was overbought already on a sideways market due to low volume so should have taken profits at +3 to +5 area.

Note 2: Violated trading rules here because trade taken in time period I should not trade due to low volume.

Trade 7

09:33 - S ZN 113'195 stp -5 tgt +8 - trend, 3m pb10ema
09:45 - Exit 113'200 -1 tick - taking too long, price 2-3 ticks above pivot support and price also came back above 30m 50EMA support so setup no longer valid

Journal - 10/20/04

3 trades today. I got out early on all of them due to lack of follow through and volume. Eventually after a long time, the big move follow through came. Oh well, just didn't work out for me.

Trade 1

21:54 - S HSI 13087 stp 13095 - trend, 3m RH, low vol pb
21:56 - Exit 13081 +6 ticks - nft, volume not picking up on brk of pbl

Note: Good decision to exit immediately on lack of volume. Price went back up afterwards. Big gap down probably causing more sideways action.

Trade 2

02:51 - L GBL 2 @ 116.66 stp 116.60 - trend, 3m pb20ema, 5m bline oversold
03:04 - Exit 1 x 116.67 +1 tick - scale out, taking a long time, cover commissions
03:09 - Exit remainder @ 116.68 +2 ticks - nft, heavy volume but price not making progress

Trade 3

03:26 - S ESTX50 2 @ 2777 stp 2781 - trend, 3m pb10ema, pot'l cci zlr
03:31 - Exit 1 @ 2774 +3 ticks - scale out, very slow and volume not picking up much
03:33 - Exit remainder @ 2776 +1 tick - nft, big volume did not push this down and bounced back instead, buyers in the area?

Journal - 10/19/04

22:15 - L HSI 13117 stp 13102 - trend, 5m RH, 3m/5m pb10ema, pot'l cci zlr
22:20 - Exit 13118 +1 tick - nft, no pick up in volume on t&s, buyers not excited so i'm out

Note: Low trading volume, high risk market.

Journal - 10/18/04

Incorporated Time and Sales in my trade strategy starting today. Will be on the lookout for big block trades at support or resistance areas for possible bounce or breakout/breakdown.

Made 1 trade in a generally sideways market.

09:46 - L ER2 2 @ 566.5 stp 565.9 - countertrend, 3m cci div, t&s print of 84 on the buy side at 566.5 after two bar drop on the 3min chart, flurry of buys came afterwards supporting the long position
09:47 - Exit 1 @ 567.1 +6 ticks - Scale out, stalling a bit here
09:49 - Exit remaining 1 @ 567.5 +10 ticks - stalling here, take profit on countertrend trade

Note: Time and Sales printed 101 around 10:25 @ 567.7. Price went up +6 then back down to 567.4 before going back up again. Did not chase it at 568 when I saw it.