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Friday, March 15, 2013

NY #1-14

A very exciting pip packed session for me.  I get consistant emails as to why or how I add in on trades.  I feel that price turns/stalls and does mini pullbacks or reverses in key areas but it is impossible to enter every trade at the perfect place. Many times the market moves against you or you get poor execution so when I enter a trade in a "turn/pullback area" I know there is a possibility I might need to add in.  So I manage my money accordingly and I know if price goes against me approxiametly -14 with my add in, then I will take the lose.  But once I have added in, I then read the market and if I am counter the trend I simple try to get out with 0,1,2 pips.  If I am with the trend I try to take out a bit more.  I hope this answers some questions.  Have a great weekend!!!    

Thursday, March 14, 2013

Wednesday, March 13, 2013

NY #1-7

Not my best day, but I battled back.  Not sure why my brain refused to register, DOWNTREND!!!

Tuesday, March 12, 2013

NY #1-6

Just kind of followed the Market and read the candles on the 5min chart.  I got caught once.   Hope everyone had a good day trading the various markets...  

Monday, March 11, 2013

NY #1

here is what i saw in the 5min and 1 tick charts for the session...