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!

Thursday, July 2, 2009

ES Trade 2 July

0334h EST Just back from errands. This is the 15 min chart. Looks like a nice gradual decline from the 928.25 high yesterday.

And the following is the 60 min chart. Have to see what happens at the 78.6% retrace at 912.50.
0837h EST made 2 entries with 2 contracts each. Both profitable. 1st was counter trend. 2nd was along with the trend. These are the trades. I am done for today for ES. I will make my trade on TF should there be a signal.

0659h EST long 912.75 x2
0736h EST +0.75 pt 913.50
0745h EST +1.5 pt 914.25 Nett +2.07 pt
0759h EST projection from the last swing low was 916.00 if it was bearish, it will fail to meet it so I placed my entry at 915.75. Filled x2
0800h EST +1 pt. The insurance was fast. Very reassuring. Stop 916.00 0.25 pt risk for an exit at 906.50 but changed to 906.75 to ensure I have a fill. I hate it when they hit and don't fill me.
0836h EST jobless claims and employment situation received badly. Bar plummeth. Exit last 906.75. +11.90 pt. This last one had to be the trade of the week. 0.25 pt risk for 9 pts.
0935h EST sold 501.0 x2 on TF.
0939h EST +1 pt on TF
0940h EST +2 pt on TF. Nett 2.91 pt on TF
Summary +11.90pt on ES, 2.91 pt on TF

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