Tuesday, January 09, 2007

Jan 9 2007 trade


I wanted to be done trading after the first hour and a half. I missed the first sell signal,(still learning and watching my system), but I did take the next long reversal at 10:14am-10:20. After that trade I was done. My system signaled a short right around 10:44am, but I was done for the day. Today I set my target right at 781 which represented a high volume resistance area and a good profit target. I need to give the trade about a 0.7-1pt stop and give the trade 3-6min to turn profitable. I exited todays trade 6min after entry which is ideal.

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