I not at my home office. In fact, i am on the road, staying at my relatives in Ottawa, Canada. My mother is having a medical procedure, so, as her closest living relative, I came to help. Its not really that bad, as I have a great internet conection and my laptop, and I am quite comfortable. It a nice neighborhood, very large homes, in the area, and his place has 6 bedrooms and 5 bathrooms. Steam room, treadmill, wieght room...full stocked minibar..almost like the Ritz Carlton, except I have to make my own bed.
I was in and out today, but I had time to take 2 trades,.
Trade 1 7:04 +4
Trade 2 12:07 +28
+32 on the day. On 2 trades, I will take that.
Bullish market on the CL today. maybe its the breakout of the last few sessions of narrow range trading.
Going to be cautious tommorrow, and very conservative with my stops.
Last edited by VinceVirgil; February 22nd, 2012 at 01:26 AM.
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i restricted my trades which \i thought were the very best setups, howver< I was quick to move my stop if the trade was against me. Its really a diffcult thing, to recognise when the trade isnt going your way immediatley. However, if the point is not to get klilled on the losers, and let your winners run, then so be it. All I need is 1 good runner a day, the rest can be break even.
Competetive golf is very much like trading. The goal for the pros is to birdie the par 5's and par everything else. What does that mean. It means dont expect to birdie the 450 yard par 4 monster. If you get a Par on the toughest hole on the course, then you likely have gained a stroke on the field.
Birdie the four par 5's, par everything else, thats a 68.
Thats 1 birdie in 4.5 holes.
So, 1 good trade, 3.5 Be or better = great trading.
Today i had a few more trades than usual, all in the name of cutting losers short. There were acouple of trades that I could have given more room, but the chart was a little cluttered except for a sell off shortly after the opening. Hit faily heavy resistance at 106 on the way back up, and as a result, I tried to sneak up on a breakout above 106, thats why the bunch of trades around the EMA. Didnt point them out, they were all for the looking for the same pop up. Prices did break to the upside above 106, but only after I packed it in for the day.
1 loser for -13 points. Got taken out on the pull back. It was the tright move, as it never came around
+ 36 on the day.
Last edited by VinceVirgil; February 23rd, 2012 at 11:43 AM.
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Still in Ottawa, the capital of Canada. Staying ith my cousin, and his house is in the area of Rockcliff, which is very close to the 24 Sussex, the Prime Ministers residence. All the diplomats from the various embassies have residences around here. Homes worth millions of dollars. Intersting to see them...I'll take a few pictures and post them.
My cousin was in the Toronto Globe and Mail as teh 36th most impotant person in Canadian sport. Hes tests protective equipmet as he is a concussion specialist, and concussions are big news today. He researches and tests better designs for better head protection for sport and recreation. Mostly hockey, football, motorsports, etc. Going to see his lab this afternoon.
First day of uninterrupted trading in a few days. My mother finally went into surgery this morning. Yesterday it was postponed because the team had an emergency the night before, and you dont want a tired surgeon operating on your heart. Takes 4 to 6 hours, they will call when she is in recovery.