Wednesday, October 14, 2009

Wednesday Log - Eluding Rhythm

This week I'm really feeling off. The deeper into the week I get, the less patient I have been with my trades. Not letting them work and/or getting in a point or two too early. Today I took a short, then long and long. All stopped out. Good stops as far as capital preservation goes, but the entry areas were suspect.

Was long in late morning/early afternoon at 1083. Stopped out at 1081.75. Low for the period...1081.5. Saw H & S forming on 5 min, measured move was 88-89 which coincided with combo thinking. Missed the move. 3 trade Result: -6.0

I have some frustration building. Rethinking my approach. patience and timing. Need to make some adjustments as I find myself being right with many of my trade ideas but either not having enough patience and waiting for the proper entry or not getting in after "good" signal bars print and taking a shot. We'll try again tomorrow with many eco reports looming as well as expiry Friday two days away. I will find the rhythm again but this week the rhythm eludes.

Trade Well !

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