4-28-2014

Pre Trading Notes:
1.   DRAW YOUR TREND LINES SO THAT PRICE TOUCHES OFF OF BOTH SIDES.  If price is not touching on one side then you do not have it drawn correctly.  Draw it off of the first couple of bars in the move.
2.  In a range day all you can do is buy the lows and sell the highs.
3.  When price breaks out of the trend channel to the downside (in an uptrend) and then goes on to make a new high then that can signal the move is over.  Especially if there is a 2 legged move up to a new high.
4.  For 2nd entries I am using where price closes and not the wicks for the most part.
5.  I will be looking at getting in at better prices and using the close and not the wicks helps with this.

Post Trading Notes:

1.  You will see the 0, 1 and 2 all over the chart.  The zero is the beginning bar of the 2nd entry cycle.  The 1 is the 1st entry and the 2 is the 2nd entry.  As mentioned above I am using the close of the bar and not the wicks anymore to determine when an entry is signaled.  So far this is MUCH CLEARER to me.
2.  Did good drawing the trend lines and getting the correct 2nd entries labled.  Just have to get better at understanding what the 2nd entries indicate by which way the market is headed - is it a legit 2nd entry or a failed 2nd entry?
3.  I really like this.  This forces me to pay attention to my charts more.  Even though I had a ton of losses I will get better with this.  It all came down to reading the 2nd entries in the context of what the market is doing and obviously that is my weak point right now.
4.  Also on my charts I will be describing each trade and not below in this entry anymore.  This makes it easier to read so you don't have to scroll back and forth.

Mack's Notes:

1.  Will do tomorrow, it is late.

Missed Trades:

1.