Wednesday, August 26, 2009

YM (Mini-Sized Dow) Trades - 08-26-2009

Trade 1: -17, -30 (Pullback to MAs w/ Expectation of Continuation of DownTrend from Prior Day)
Trade 2: -07, -07 (Pullback to MAs at Mid to Lower Keltner, following MKP (Up Trend))
Trade 3: -04, -04 (50% Fibs Entire Day - Exited LONG Trade next bar Open as Trend changed to DOWN)
Trade 4: +25, +17 (Pullback to MAs at Mid to Upper Keltner, following MKP (Down Trend))
Trade 5: +17, +06 (Pullback to MAs at Mid to Lower Keltner, following MKP (Up Trend))
TOTALS: -04 / -$20


LESSONS LEARNED:
- The Trend is Down, no, the Trend is Up, no, the Trend is Down, no, the Trend is Up, no, the Trend is Down. Fickle market today! Risk Management is the key!!!

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