Monday, July 23, 2007

Post Match - Live

08:04 -1 @ 4465 +1 @ 4470 -5
Early short in case we never return to the open level

08:31 -1 @ 4480 +1 @ 4475 +5
First resistance around 4482, took profit to cover previous loss.

09:28 +1 @ 4467 -1 @ 4462 -5
09:28 +1 @ 4464 -1 @ 4462 -2
Early support trend forming: broke.

09:34 -1 @ 4458 +1 @ 4456 +2
09:34 +1 @ 4456 -1 @ 4453 -3
Support at market open. 1 scalp towards the other to hold, but had to scramble out as it appeared this level was not holding


09:35 -1 @ 4453 +1 @ 4455 -2
09:35 -1 @ 4454 +1 @ 4458 -4
reversed, but hit daily loss limit after spike back up.

Chasing the market too much too early. Consider WIDER stops, 10 ticks perhaps as you are getting direction right a lot of the time, but having to scrap positions because of volatility at entry point.

17:00 -1 @ 4496 +1 @ 4495 +1
Some resistance after a rallie to 50% retracement level

Highs were exactly at 4507, where i was tempted to short as this was a level of mine.

-13

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