Monday Log – One AB Then Worked to Improve My Swing

Trader Tip – Always use various time frames when looking at the market. You will gain different perspectives and clues from each level. Remember, the higher the time frames are in control and trump the smaller time frames.

Yes, the baseball analogy. Being an avid fan of the game and seeing that trading and baseball have a lot in common, I’ll occasionally submit these parities into my blog.

I only took one trade today and it was in the first 30 minutes of the regular session. I went short on a CO once price penetrated last Friday’s close. I saw support in the 872 area so that was my target. I did not leave any runners on and for all intents and purposes got out very near to bottom of 871.25. I had considered pulling the short trigger earlier but was trying to get a feel for the early movement. Result: +3.0

That was it for me. I went back to the training room and worked on my swing by understanding the EWS. The day started out like it was going to be in a range between the 870 – 885-890 area. But, it turned out to be a trend day as observed on the 10 minute chart. I had a long in waiting at 887.75 which was the first pullback area after the big spike at 1130. Missed it by 2 ticks. I wasn’t going to chase and was content closing out the balance of the day in the training room while concentrating on my studies and various aspects of my swing.

Trade Well !