11-14-2013

Pre-Trading Notes:

1.  Taking 3 trade setups:  1) Price breaks out of small trend channel and creates a 2nd entry 2)  2nd entry at the EMA, trend line, S/R area. 3) Failed 2nd entry when trending one way and still within the small trend channel.
2.  Stick to those 3 for right now b/c I will still get plenty of trades.
3.  Draw the short term trend lines.

Post Trading Notes:

1.  Missed a bunch of trades today but to me the market was hard to read.  Especially beginning around 10:40.
2.  Took one trade I shouldn't have b/c it wasn't at a trend line or bouncing off of the EMA.

Mack's Notes:

1.  No video today

Trades:

1.  8:41 - 2nd entry short after price had broken the short term trend and made a quadruple top against the top of the trend channel.
2.  9:06 - 2nd entry short off of the top of the trend channel after price had broken out of the small trend channel up.  A failed 2nd entry formed off the EMA one bar over.
3.  11:14 - Failed 2nd entry short after price had broken the small trend channel down but it wasn't off of the EMA or the lower trend line so I got out when the 2 dojis formed.