Holidaze

On holiday until 1st jan - will resume my diary on return.

Wednesday - Was I annoyed?

Had a frustrating trading evening last night and made 2 lame brain decisions that cost me $300 for the evening.

More to follow - long day today - will post the charts later.

Boty was I mad.

Tuesday Diary - Imperfection

Last night was one of imperfection i got a bit too eager and faded short the opening push a little too early. My stop was touched at 1108.5 and I bailed on 3 contracts. I did get back in again as the buyers capitulated but only on a single contract - then sat out around news time.

Probed short after the news but quickly covered as price and stochastic diverged and pointed to a reversal. This sequence recovered some of the earlier donations. All in all an average performance - i was too tired to stay up and capitalise on the noon push.

About a $100 cost for education tonight.

Monday Diary - Solid Start Solid End

As the week begins and the month ends I put in a solid return for the evening. Taking a short scalp using the 1 minute 21 period moving average, mean pivot and previous close all as an area of resistance around 1089.5. Given the news announcement at 9:45 I got in and out pretty quickly and took solid returns.

A long probe at 1093.75 looked less attractive as it made a double top and stochastic diverged - I therefore took my small profit off the table.

So $400 for the evening - a good start to the week and a good end to the month. As I am on holiday next week for almost 4 weeks let's see if i can have a significant week.

Making plans for next year already inspired by my virtual mentor Don Miller:-

1. Return at least 100% of my trading capital for the year - currently at around $80k. That is I aiming for a $100k return in 2010.
2. Aggressively ramp up number of contracts from 3 through 10, 20 and finally 40 towards the year end - full position size.
3. Have at least two $10k+ days.
   

More plans to follow. In the meantime looking forward to catching up with family and friends in Scotland over Christmas. After 11 years in Australia can't say I am looking forward to Scottish weather!