Wednesday Log - Wild Day

Began the day trying to trade the pre-market economic report announcements. Price did not get to my long or short "hot-box" trade levels which are usually very conservative. Missed the 0830 stab up by 2.0 points and came no where near my short side order. Jumped in for a quick scalp but that was all for pre-market. Result. +1.0

At the open I played the half gap from 59's. Out with 2/3's of position in 56's with remaining C in trade for gap or break even. The b/e won before market plunged without my trailer. Result: +5.50

Rest of day I was in and out of office. Tough day to trade with EOQ and EOM balancing of big boy accounts. They did not disappoint for orchestrating a wild day in the market. I am shutting down early and will wait for another try tomorrow. I'll post chart later.

Trade Well !

Emotional Spikes & More Patterns on the Way

Although I have several hundred intraday charts printed, I am going to begin posting pattern related charts within this logbook. Each chart will be labeled and organized by pattern category for easy referencing and comparison.

An important part of becoming a good trader is pattern recognition and being able to act on it by trading what we see. In the coming days, I will occasionally provide this blog with not only more "Traders Tips" but also deliver some personal resources.

Resources will include charts, websites, PDF's and other "neat stuff" that I've discovered or been introduced to over the past three years. Maybe someone will find something useful among the resources I will share.

Trade Well !