Tuesday, January 5, 2010

Monday Diary - Solid Start to the New Year


After a long break over the festive season I began my 2010 trading in simulation to get my head back in the game. The first set up was the early bullish action on 1 minmute consolidation to trend support and my entry was timed used $TICK and the volume chart below at trend support. Note the bullish stochastic divergence with price - price higher low and stochastic lower low.



The second sequence was at the end of the day during the late day oscillations. My youngest son is still jet lagged and i was helping him get to sleep - i normally don't trade this time slot. In reality i was mearly passing the time in a 2.5 point channel and only acheived breakeven.


Looking forward to trading aggressively this year to increase my capital by $100k over the year - will put my hard earned money on the line sometime this week.