Monday, December 2, 2013

11-20-2013





Pre-Trading Notes:

1.  Keep taking the same 3 trades.
2.  Draw the short term trend lines.
3.  Do not force or make up trades, if it is not clear then do not trade.

Post Trading Notes:

1.  Another rough day.  Trying to learn and do better.  It is still so confusing for me in reading price action.
2.  Going to give it my best shot tomorrow.
3.  Mack's lines are in black

Mack's Notes:

1.  FOMC day
2.  There is always an advantage to getting in early at a better price than to getting in late.
3.  A couple of hours or at least an hour before FOMC announcement the market usually goes into a small trading range

Trades:

1.  9:33 - Failed 2nd entry long
2.  10:02 - Failed 2nd entry long that was a losing trade
3.  10:35 - 2nd entry short
4.  1:06 - 2nd entry short
5.  1:25 - 2nd entry short

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