YM (Mini-Sized Dow) Trades - 09-11-2009

Trade 1: +11, +21 (1st Retrace: Following MKP Down. Entry at MAs above Mid Keltner)
Trade 2: +13, -09 (2nd Retrace: EDRP, Fib Confluence 38% AH to NL2 w/ 50% AH1 to NL2)
TOTALS: +36 / +$180

YM (Mini-Sized Dow) Trades - 09-10-2009

Trade 1: +19, +29 (1st Retrace w/ NH. Pullback btwn 24% and 38% Fibs at logical Support where MRAH was penetrated)
Trade 2: +08, -07 (3rd Retrace. EURP)
Trade 3: +19, +21 (4th Retrace. Pullback to MAs at logical Support 1351 ERVB Volume Spike)
TOTALS: +89 / +$445

YM (Mini-Sized Dow) Trades - 09-09-2009

Trade 1: +26, +36 (50% Fibs Entire Day of 9/8 in Confluence w/ MAs)

Trade 2: +13, +21 (38% Fibs LOW to NH of 9/9, Price Action confirmed Support at 1000-1003ET)

Trade 3: +08, -04 (CT Trade - Double 3 Min Bar High w/ Lower Low Lower Close following a 7 bar EURP into area of Resistance Re-Testing 30 Min MRAH)

Trade 4: -11, -23 (EDRP following MKP (Change in Trend to DOWN), Entry at High of 1421ET BEVB Volume Spike just below R1 Pivot between 24% and 38% Fibs (Mid to Upper Keltner)

TOTALS: +66 / +$330

LESSONS LEARNED:

- Follow the Rules! (Trade 3) Trade in the Direction of the Trend, Counter-Trend Trades ONLY on a Re-Test of a NH or NL. CREATE A CT TRADE CHECKLIST.

- SOMETHING TO CONSIDER: Look at Longer Time Frame (9 Min Chart) Trend to determine whether or not to take Normal Entries on an EURP and EDRP. For example, If 9 Min Chart Trend is UP, trade a 3 Min EURP as normal and disregard a 3 Min EDRP (Expect to Enter SHORT on a Larger Retracement following a 3 Min EDRP since Longer Time Frame (9 Min) is UP = Momentum favors Buying).

YM (Mini-Sized Dow) Trades - 09-08-2009

Trade 1: +16, +11 (1st DN, 38% Fibs HIGH to SL following EDRP)
Trade 2: +14, +22 (1st UP, 38% Fibs LOW to New PH, Confluence w/ Daily Pivot)
TOTALS: +63 / +$315

LESSONS LEARNED:
- "Exhibit A" Trade (1st UP or 1st DN), stick to your P.O. rules (extended P.O.s) and focus on Price Action when in the Trade for a potential Reversal Price Pattern for signal to Exit P.O.#2 before the Market reaches Initial P.O.#2 Target.

YM (Mini-Sized Dow) Trades - 09-04-2009

Trade 1: +29, +39 (2nd Retrace, Up Trend confirmed once HIGH pentrated, Entry at 50% Fibs LOW to NH)
Trade 2: +10, +15 (3rd, Retrace, EURP, Entry just above 23.6% Fibs of Entire Day based on Low of VB Volume Spike at 1212ET)
TOTALS: +93 / +$465

LESSONS LEARNED:
- Follow the Trading Methodology... Today was "Textbook" - days like today is what makes this worth it!

YM (Mini-Sized Dow) Trades - 09-03-2009

Trade 1: -09, -09 (Low taken out on High Volume, Entry at Confluence of 50% Fibs w/ Daily Pivot)
Trade 2: +12, +19 (Pullback to Daily Pivot @ 50% Fibs Entire Day, Aggressive LONG due penetration of 62% Fibs of Day on High Volume ERVB)
Trade 3: -06, -06 (First Pullback ot MAs following MKP, Entry at 24% Fibs LL to PH - Moved STOP up too soon before Trading Plan dictated... Follow the Rules!)
Trade 4: -11, -11 (Fib Confluence 24% LL to PH w/ 50% AL to NH)
TOTALS: -21 / -$105

LESSONS LEARNED:
- Follow the Trading Plan w/ regard to moving ISL once a PH or PL is established (move stop only when all criteria met for a PH or PL)... Trade 3 would have been profitable.

YM (Mini-Sized Dow) Trades - 09-02-2009

Trade 1: -17, -17 (62% Fibs Entire Day Mid to Upper Keltner)
Trade 2: -13, +17 (1st Retracement (UP Trend), Confluence w/ Prior Day Close and Lower MA between 24% and 38% Fibs Mid to Lower Keltner)
Trade 3: -10, -10 (1st Retracement (Up Trend), Exhibit A, First Pullback to MAs following MKP, Entry on penetration of High of IVB)
Trade 4: +18, +27 (1st Retracement, 50% Fibs of Entire Day testing PL (Minimal Risk w/ ISL just below PL))
Trade 5: +09, +13 (50% Fibs of Entire Day testing PL again in Sideways Range since 1100AM ET (Minimal Risk w/ ISL just below PL))
TOTALS: +17 / +$85

LESSONS LEARNED:
- Know what retracement it is in the Overall Trend! Remember, 3rd, 4th, or 5th retracement is not high probability. Count the number of Retracements from the beginning of the change in Trend (Continue the Trend from the day(s) prior). A Trend typically consists of 3 to 5 rotations then changes.

YM (Mini-Sized Dow) Trades - 09-01-2009

Trade 1: +25, -13 (50% Fibs of Initial Swing, Confluence w/ Prior Day Close and High)
Trade 2: +25, +35 (1st Retracement: EDRP, Entry Mid to Upper Keltner at High of ERVB Volume Spike 1309ET)
TOTALS: +73 / +$365

YM (Mini-Sized Dow) Trades - 08-31-2009

Trade 1: +14, +27 (1st Pullback to Daily S1, Mid to Upper Keltner, Resistance at 9468 High of 0951 ERVB on High Volume)
Trade 2: -08, -08 (1st Pullback to MAs and Mid to Lower Keltner following MKP vicinity 50% Fibs of Entire Day)
TOTALS: +25 / +$125

YM (Mini-Sized Dow) Trades - 08-28-2009

Trade 1: +13, -09 (Aggressive LONG due Time of Day, Pullback Mid to Lower Keltner at 79% Fibs 8/27 MRAL to 8/28 HIGH)
Trade 2: +30, +40 (Pullback to MAs following MKP - 1st Retracement Up Trend)
Trade 3: -22, -22 (EDRP, Fib Confluence w/ 38% Fibs AH to NL and 24% Fibs Entire Day)
Trade 4: +17, +12 (38% Fibs Entire Day, P.O.2 just missed, used Mid Keltner as TS for P.O.2)
TOTALS: +59 / +$295