---Overall Theme: I've been trying to minimize my trading and trade medium term trends
Sometimes I get stuck in the context of my previous trades. Don't properly analyze the trend, etc.
Trend analysiss (higher/lower highs/lows) still seems to be the most powerful trading weapon in terms of positioning myself for moves. I am not using it properly.
A lot of it was market wasn't trending very aggressively in the middle of the day though.
My stops were also a little too tight. Missed 2 strong short term trends in gold as a result, was a little too greedy with order entry.
On these slower days I am definitely missing trends. It takes a bit of discipline maybe I need to move to a 3 minute chart
I b/s 10 times in Gold. 3 in oil, 2 in zc...the ones where I kept with the longer-term trend and bought/sold less were the most profitable so far, especially during this slow day
I also missed a couple of major trends in the S&P. The only good news is I've kept the risk low and haven't lost too much
One thing that would help me a lot: look at the 30 minute chart to see the context b4 trading.
I'm tired and hot btw, this isn't helping.
Despite not even looking at the trend for /ZC originally, I happened to get on the right side of it and have been sticking with it, it appears that this uptrend in the futures might bail me out of the other losses, day profit standing at 162 at time of writing
Another thing I am not doing is paying attention to the news...
Finally caught the gold trend up, erased 180 in losses and added 150, 330 in one trade. Could have been up much further on the day if I had caught the trends!
Zn: -46.88 2 b/s
Zs: -100 4 b/s
Zc: 162.5 4 b/s
Gc: 150 22 b/s
Es: -212.50 16 b/s
Cl: 50 8 b/s
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Total: $3.36--56 b/s
So like ~-$200 overall because of the commissions. Of course slippage isn't a factor, nor is real market behavior, meaning actual results would be much worse!
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