Journal - 11/05/04

Trade 1

21:30 - L HSI 13491 stp 15 - 5m trend, 5m pb10ema, entered on brk of pbh
21:53 - Exit @ 13469 -22 - stopped out

Note: First, entry was late again - continued to enter at brk of pbh, which has caused me to enter late.

Second, when price was moving down, widened stop to low of pullback. However, market has been screaming bad trade when it broke 13482 but still held on! Eventually, market stopped me out at big -22. Stop placement should have been at 13481, below the 13482 consolidation low.

Trade 2

03:31 - S EUR 1.2867 stp 3 - 10m trend, 3m pb10ema/upper bb
03:36 - Exit 1.2863 +4 - at 30m 50ema support

Note: Entry was good, at 10ema as required by setup.

Trade 3

04:06 - L ESTX50 2 @ 2883 stp 3 - neutral all time frames, 5m bline os/low bb
04:08 - Exit 1 @ 2884 +1 - market very slow, scale out
04:09 - Exit rem 1 @ 2884 +1 - going to eat now

Note: Entry was good, at low bb.

Journal - 11/04/04

Trade 1

21:42 - L HSI 13374 stp 15 - 5/10/30m trend, 5m 1st touch 50ema/low bb/bline os, entered on 5m pbh+1 (this type of entry is late for this setup)
21:46 - Exit 13380 +6 - not getting follow thru traction

Note: Late entry again, shud be at/near 50ema. The late entry got me out early and missed 16 more points.

Trade 2

04:06 - L EUR 1.2792 stp 4 - 30m trend, 30m pb503ma, 5m bline os
04:10 - Exit 1.2793 +1 - Early exit

Note: Have been cutting on winners! Trade was good at the outset but got impatient and wasted opportunity!

Comment: Yesterday's big loss seems to be affecting my patience and resulted in lots of wasted opportunities!

Journal - 11/03/04

Trade 1

10:02 - L EUR 2 @ 1.2792 stp 6 - trend, 5m pb10ema, entry at brk of pbh
10:03 - Exit 2 @ 1.2786 -12 - stop hit

Note: Hesitated to enter at 1.2786, which was at/near ema, and instead waited for break of pbh. Pbema setups are entered at or very near ema, not on brk of pbh or pbl! The bad entry only stopped me out because stop placement was within the trading range. After getting stopped out, price rocketed +100 points!

Journal - 10/29/04

Trade 1

10:16 - L ER2 2 @ 583.2 stp 6 - 3m counter, 30m sideways, 30m lowbb, 5m bline oversold,

Note: Widened stop to 11 ticks when market continued down after entry due to strong selling pressure. However, 30m chart is sideways so held on because market extremely oversold and at 30m lowbb, expecting bounce. If market is trending, widening stop is a bad idea.

10:24 - Exit 1 @ 583.4 +2 - scale out, price went negative and almost got stopped out, entry price not good, bounce doesn't look strong
10:25 - Exit rem 1 @ 583.4 +2 - bounce not strong, strong selling pressure looks like price will retest low