Here are my 3 trades today, all small losers. After missing a great upmove I was poised to buy the pullback. Instead of buying the confluence of trendline and ME (ME can be seen on the chart at 1817.75, I waited too long and bought after the market had already started back up. I remained convinced, and bought again- yet price pulled back to stop me out. 1821.00 held and price took out the middle high, so I reached and bought 1825.00 only to get stopped again by a pullback. So in hindsight, the buy areas were 1817.75 (1818.00 and 1821.00
Wednesday, February 13, 2008
Examples of bad entries
Here are my 3 trades today, all small losers. After missing a great upmove I was poised to buy the pullback. Instead of buying the confluence of trendline and ME (ME can be seen on the chart at 1817.75, I waited too long and bought after the market had already started back up. I remained convinced, and bought again- yet price pulled back to stop me out. 1821.00 held and price took out the middle high, so I reached and bought 1825.00 only to get stopped again by a pullback. So in hindsight, the buy areas were 1817.75 (1818.00 and 1821.00
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