A milestone achieved

Hard to believe, hard to admit, but after 2 years I just posted my first net profitable month in my trading account. I have recently had profitable trading months but have not managed to cover platform fees until this month. This is progress, albeit slow (or randomness). No, I see improvement.

2009 trading commish fees total
Jan -267.50 -41.26 -127.01 -$435.78
Feb 127.19 -36.52 -127.02 -$36.35
March 151.25 -36.62 -126.94 -$12.31
April 229.375 -47.18 -126.83 $55.37
May 0 0 0 $0.00

YTD $240.31 -$161.58 -$507.80 -$429.07

Long time no post... back to trading

Took some live trades today and did not do very well. Have not done very well for 2 years now. Keep on keepin on. What good can I get out of today's lousy trading? Well, after I got past the first trade I actually got over much of the psych shit that has plagued my live trading. Wasn't very nervous about the positions, even as I took loss after loss.

I am back!

After moving from NJ to NC I am finally back in trading mode. Most trades done today were simply to pay for TS at end of month. NQ has underperformed ES past 2 days. High of day put in early, after a nice anchor TL touch. Second touch looked good but price penetrated sideways, then broke support, starting a downtrend which held at 1828.25 - I did not have this pivot. A nice M formation launched the end of day rally. I did get short at 1866.


I also took one TY trade. TY has been trending nicely, making LL/LH when going down, then HH/HL on the upside. Today it was in a nice buy area, had put in a 113-16 low, and I bought at 113-18+ with a tight 113-17+ stop. Well, after hovering around for a few minutes they took out the 17+s so fast I got filled at 113-17 which was the low print for that move and a HL !!! Then it was up up up... them's the breaks.



Must start to watch and possible trade ES. It has outperformed NQ lately. I need to use very tight stops. Today ME fib provided good support and ES rallied nicely off an M bottom. Resistance became support at the ME and the rally continued.

Lower close ends the week

Mostly sideways but lower lows and lower close. NQ holds up better than other indices.
DB at midday provides some support at 1946 and 1951 midswing low becomes support when it is takent out. 1951 holds and then 1965 but DT at 1965 caps the day.

Consolidation Thursday

Today was little changed and consolidated the heavy losses of the previous 2 days.
Note that from the move high of 2054.25 to yesterday's low of 1954.0 is... yep..
100 points. Today had tradeable moves of 20+ points but ended little changed.

Double bottom early followed by HH and HL. Retracement and a HL clue that it was going back up. DT and it moves back down... Another DB and the day ends.

Trend turns down

Yesterday was a major headfake. Today's high was put in early, then yesterday's low was tested. Once that broke, things got ugly and big losses were the result.

Could this be the flush and up?

Today started lower right at the start of the evening session and pushed below 2000 early, flushing out longs but could that be the end of the correction?







On the anchor a clear W has formed, pointing towards a move higher.
Didn't realize 1990 area was pivotal, but held as a double bottom. <= But... 61.8 retracement was 1989.82 and low was 1990.25, so that tells you something