Wednesday, July 22, 2009

Wednesday Log - Afternoon Day Game

The morning started off routine enough as I planned my day beginning around 0800. All systems were go and with 2 minutes and counting, my PC froze. Had to re-boot, then the mouse/keyboard went in-op so had to plug in a back-up. That little surprise threw my timing off but knowing the levels I was planning ealier helped me re-group quickly.

Only did sim trading during the afternoon session as I continue to feel my way thru the system and apply what I'm learning into trade ideas. Took various long and short scalps within the range today although I did not get in near the top resistance area of the 55-56. Not sure why I didn't pull the trigger as I'm working off the sim. Overall scalp result was scratch.

Waited until the middle of the range to get short for a swing trade. Shorted 54's which was a higher risk level but saw divergence in SS and double top. Used target's as identified in EWS, scaled out of the trade which worked nicely. Result: +7.0

This sim trading is great. I haven't used it in a while but for the purposes of learning and working with a new system, it's very beneficial. You can never replace the emotional experience associated with trading the live account, but as I've matured as a trader, I have my emotions better controlled and can appreciate what the sim can provide during my learning curve.

So my trading day was an afternoon game. And while studying and making some trades, I was able to keep an eye on another "real day game" as the Cubs / Phils were on @ 1300 as they close out the 3 game series on get away day. Day games & day trading. As with EWS, it's a beautiful "combo".

Trade Well !

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