8/3/07 General Trade Log / Idea Sharing

AbeSmith · #1 (**permalink**) 08-03-2007, 09:15 AM

Good morning, and good evening to our fellow international traders. Unemployment data came out today at 8:30ET and YM dropped 40 or so points at that time. Good luck everyone.

AbeSmith · #2 (**permalink**) 08-03-2007, 09:23 AM

8:30ET unemployment report reaction:

AbeSmith · #3 (**permalink**) 08-03-2007, 09:56 AM

Trade 1: +25. Longed at the pivot which proved strong support on previous low. Sold a bit early due to scary volatility and lack of firm target.

TinGull · #4 (**permalink**) 08-03-2007, 09:57 AM

First trade was short YM at 13494 and covered quick at 484 for +10. Bottom of the range was at 76 and figured it *could* be a possible turning point so took what what I could and am awaiting the aftermath of the ISM so get in again.

AbeSmith · #5 (**permalink**) 08-03-2007, 10:08 AM

Trade 2: +7. Went long again on pivot. Bailed out just right before sharp drop.

AbeSmith · #6 (**permalink**) 08-03-2007, 10:08 AM

Here is Trade 1 again but in .jpg if you could not open the previous file:

TinGull · #7 (**permalink**) 08-03-2007, 10:37 AM

Action's intense here. Real serious fight.

AbeSmith · #8 (**permalink**) 08-03-2007, 10:46 AM

Anyone using Sierra Chart getting issue of pivot not showing up in time?

AbeSmith · #9 (**permalink**) 08-03-2007, 11:32 AM

Trade 3: -21 points. Stupid move. This trade made me appreciate again how important psychology and state of mind is in trading.

AbeSmith · #10 (**permalink**) 08-03-2007, 11:40 AM

	Quote:	AbeSmith
	Trade 3: -21 points. Stupid move. This trade made me appreciate again how important psychology and state of mind is in trading.

Didn't calculate stop ahead of time. Spur of the moment trade. Should have calculated stop, and then I would have seen that it was too wide.

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