"A man is not finished when he is defeated. He is finished when he quits."

Tuesday, November 30, 2010

November 30


I was office-bound for the first half of the day so I had the trading platform up and running while I attended to other tasks. I saw some opportunities I didn't take but did manage to get these practice trades in.

Nothing notable with the exception that I thought the second trade entry was a horrible one and I was very uneasy for the 3 minutes I was in it. I have no idea why it felt wrong but I just had to exit. Strange that it would turn out to be a good entry on a ten minute move up. I will be giving that some thought as the hours pass this evening. The third entry was a good one and felt right also. I took it 30 seconds before the candle change and just before it broke out of consolidation. Then it dipped slightly as it entered the new candle then moved up and away. I sold the initial big candle, sensing that a reversal was coming after such a nice move. It did reverse slightly, pulling back to the 7 EMA, then rose nicely for an hour and fifteen minutes. By that time, I had already left for the afternoon, so staying in was not an option anyway.