8/17/07 General Trade Log / Idea Sharing

[AbeSmith]

Hello. Asian markets are down, with Nikkei and Jakarata down over 5%. Most European markets are up. Dow is up. The big news is Fed cut the discount rate. Good luck.

[AbeSmith]

Trade 1: +20.

[TinGull]

Abe, notice how when price came into R2, the bodies of the candles got teeny?? This is what I was talking about. You could've gotten short around 13180 and then exited at 100. Much better than a 20 point gain just following those simple steps I outlined yesterday. Did you do anymore testing on that theory of mine?

[AbeSmith]

Trade 2: -8.

[AbeSmith]

	Quote:	TinGull
	Abe, notice how when price came into R2, the bodies of the candles got teeny?? This is what I was talking about. You could've gotten short around 13180 and then exited at 100. Much better than a 20 point gain just following those simple steps I outlined yesterday. Did you do anymore testing on that theory of mine?

Thanks Tin. I was away from my trading screen at the time so I missed that. Then I saw that it looked like it was heading down, so I figured it would go to the pivot and I could get a quick scalp out of it.

I haven't done any back testing on that theory but I'm keeping an eye on it in real time.

[AbeSmith]

Trade 3: -13.

[AbeSmith]

Trade 4: -11.

[AbeSmith]

Trade 5: -5.

[AbeSmith]

Trade 6: 0.

[AbeSmith]

Trade 7: +29.