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.

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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!

Tuesday, June 30, 2009

ES Trade 30 June

2220h EST I don't know if I want to trade in this mess. The consolidation was since 1150h!! I will stay out. Looks like she wants higher. But there might be a retrace with 918.50 and 909.50 acting as support.
We are close to the resistance at 925.00. Maybe the reluctance. If she does break. 929.00 is the next barrier. The longer the bulls attack the up momentum number 922.50, the likelihood of breaking to the upside.

I am also reluctant to trade. Can't see what will happen next. Need to regroup after yesterday's "rough day".

0645h EST ES took like 14 hours to move from 920 to 925. Wow! That took like a lot of effort.

0756h EST current sit rep.
0842h EST update
0849h EST long 923.25 x2. Stop 921.75If it cannot break 925.25, I'll bail.
0859h EST +0.91pt 924.25. Stop BE.
0910h EST stopped. +0.82pt
0957h EST short 925.00 x2
0959h EST +0.75pt 924.50 Stop BE +1.24pt nett
1000h EST 922.25 +3.90pt
1014h EST long 918.75 x2
1016h EST stopped +1.22 917.50
1017h EST long 917.75 x2
1018h EST stopped. -0.95pt
1033h EST long 911.75 x2
1040h EST insured 912.75 -0.04pt
1045h EST stopped 910.75 -1.13pt
1056h EST long 912.50 x2
1059h EST insured 913.00 -0.72 stop 912.00
1105h EST stopped 912.00 -1.31pt
1109h EST long 911.00 x2
1111h EST exit 911.50 don't like it. -0.98pt
1131h EST Final thoughts. Should have held on to that beautiful entry at 925.00 for the final contract. Just got jitters from yesterday's loss and didn't hold. Tomorrow another day.

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