A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
Monday, January 23, 2012
Mon. 1/23
1:35pm CST - All systems out of sync today.
Net Breakdown (contracts traded): 6E -$210(2), CL -$1451(16)
Your time resolution might be too low on some of these trades. On that first trade on the left column, there's a volume bar after your entry that was showing someone accumulating hardcore and violating your entry point. I see how your stop was the previous resistance, but in that scenario it seemed like even giving it that much was a mistake because someone clearly absorbed some volume there.
Throw up a 15-second or 30-second bar chart with the volume displayed beneath. If someone accumulates hard when the market is going trying to go through, you should be alert.
Your time resolution might be too low on some of these trades. On that first trade on the left column, there's a volume bar after your entry that was showing someone accumulating hardcore and violating your entry point. I see how your stop was the previous resistance, but in that scenario it seemed like even giving it that much was a mistake because someone clearly absorbed some volume there.
ReplyDeleteThrow up a 15-second or 30-second bar chart with the volume displayed beneath. If someone accumulates hard when the market is going trying to go through, you should be alert.
-TC