About this blog

This blog was started as a whirlwind. So these objectives are laid out on the top as a reminder to me and for you to remind me. These objectives will change accordingly. Do praise or criticize me for keeping to my plan or deviating from it. This is the start of accountability to my plan.

There are Twitter updates, if you are my friend please identify yourself when you add to your follow list.

Long term objectives
1. To be financially independent so that I can free my time in devoting to God and Family.
2. Money is for memories. I want to take my Family to Disneyland in 2014. I want my daughters to remember this for life. I can also take this to my grave.
3. Trading as a vehicle to secure my daughters' future education requirement.
4. Continued learning/evolution of myself and the markets.
5. This is not for fun, it is a means for an end. Be very ruthless!

Sunday, June 21, 2009

ES Trade 15 June to 19 June

This is the new contract roll over.

Did a nett 26 pts with a peak at 32 pts.

Friday was the loss day. Should stuck to my plan which I didn't. I need more discipline on staying with my plan.

Bears attack now with 38.2% retrace since the low we made. Missed the down projection(897.25, low was 899.25) by 2 pts on the daily chart.

Up projection shows it'll try for 938.50, I doubt it.

It is against the deadly (swing high) bounce of 893.00 to 889.75. The 78.6% retrace is at 888.50 since the whole down move to 18 May.

We still have not completed our AB=CD pattern at 100%(977.50) since the 9 Mar low. To do that we need a down leg to 893.00 to make another AB=CD pattern with C=893.00 to the 977.00 area.
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