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

Monday, August 30, 2010

August 30th


All nice clean trades with no adding in order to average a better price. Some days I feel tied into movement such that I'm a half-step ahead of the market. It is surreal when that happens...


I had two well-timed exits just as reversals were about to take place and then three exits far too soon. Mostly pretty good entry spots on all.
Also, it appears my Friday afternoon suspicions about a Monday breakdown came to pass. Although, in a range market, it isn't a stretch to make such a prediction and have it come true!

I had a day-job appointment at 2:00 so I closed down the platform at 1:00 pm.

Sunday, August 29, 2010

Week-end Thought

"...one casting director took my picture and threw it back at me and said, 'nobody wants a five-foot character actor!' and I was like, whoa. People love to tell you you can't do it. If you have a feeling inside you really want to do something, you go do it. You do it, that's all there is to it."

--Danny DeVito

Friday, August 27, 2010

August 27th


I had the last 25 minutes of the session to look at the market. I took a look at TNA and found an S/R line to scalp short with 12 mins to go. I was looking for a profit-taking breakdown toward the 7 EMA. It didn't come in that candle, or the next for that matter. In the last few minutes of the day, I decide to cover with a small gain. Just about a minute later, it did break down to the moving average. With some patience, I might have doubled my gain on this simulated trade.

The closing doji on the 15-minute chart of TNA looks interesting for Monday's open, though much headline pressure could arise between now and then. I'm thinking a monday morning breakdown, but who knows!