smbtnt

Well this is the final straw for this friday, 185 long sgnal on mini W - 1st target 230 next target HOD.

over and out for today...

Just had another long signal at 205 but no confidence so did not take it - she has gone to 230 as I type, now I am not sure if this is a reversal or just a retrace for more down so not sure whether the cont signals are worth taking. If I was to take a trade it would just be a gamble now.

So far not taken 2 signals and taken one without followthru.

Long 196, short 286 and Long 200.

Ok i Have decided not to post technical info on this blog as I feel I am pretty proficient in this area. I will use this medium to post trades and why I exited them.

Today as the market opened I was overly bullish as I posted earlier. I was hoping for a retrace from the 230 resistance zone which it did and bounced at 190, I took a long at 200 with a stop at 185, price moved to 220 but pulled back very quickly, my target was 230 so i decided to let this one run but alas she promptly...

After missing out on a few 100+ trades to fear and stress brought about by a recent horrific drawdown of 5 losers I have decided to post my opinions, beliefs, mindset issues etc.

After yesterday's down move on the dow ( which I had an entry short at 250 but did not take due to a 20 pip stop - fairly large - actually let me delve on this point. I am a reversal trader primarily, my signals cater for both reversals and cont trades but i prefer reversals as the inital thrust up can be...

FOMC minutes, bias was down, entry on the hourly. Clean s/r move.