Hotels

Hotels

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29th January 2009 Trades

I tried to get 2284 when it was 85. Took the higher price when trendline broken, should I have waited for the pullback?.
Just missed the target at the vwap mean by 1 point. So I took 95 (profit 5 points) for fear of loosing on the trade.
As the chart shows my target would have been hit but would have to sit through the pullback to my entry point.
Its a problem - do i take some profits by giving up a larger profit or risk a breakeven or small loss?

26th January 2009 Trades

Today I was determined to hold trades longer.
1st trade I did set an initial target of 2240 after moving stop up to 2220 but took profits at 2227 for a profit of 26 points. The 2240 would have been hit so maybe got out a bit early, but still a good trade.
2nd trade. looking for a retest of the highs but the action didnt feel right. Took a loss of 3 points.

Weekly Summary 25th January 2009

Weekly Profit/(loss) = 17 points +1.13%
Wins = 26
Losses = 15
Win Ratio = 63%

Profit/(loss) since 10/10/08 = 197 points + 15.17%
Wins = 126
Losses = 59
Win Ratio = 68.11%

21st January 2009 Trades

23rd January 2009 Trades

Weekly Summary 18th January 2009

Weekly Profit/(loss) = 21 points +1.42%
Wins = 22
Losses = 7
Win Ratio = 76%

Profit/(loss) since 10/10/08 = 180 points + 13.87%
Wins = 100
Losses = 44
Win Ratio = 69.44%

12th January 2009 Trades

Trades in ES (mini s&p)
Tick divergence after 2nd down leg. Took a quick scalp trade. Should have held it a bit longer though. Probably too close to lunch to rotate back up much higher.
Profit 6 points.

Weekly Summary 11th January 2009

Weekly Profit/(loss) = 42 points +1.63%
Wins = 27
Losses = 7
Win Ratio = 79%

Profit/(loss) since 10/10/08 = 159 points + 12.25%
Wins = 78
Losses = 37
Win Ratio = 67.83%

9th January 2009 Trades

Bought the 2491's for a rotation back up to the vwap. There was a divergence on the nyse tick and excessive sell volume delta. Stop was 10 points which just held by 1 tick. Took the profits of 8 points as it was looking like a consolidation bear flag developing. In this case I was right as the stop would have been hit.

Profit for the day = 9 points.

8th January 2009 Trades

Today I am trying to hold positions longer instead of quick1-2 point scalps. The first 2 trades didnt work out too well.
Trade 1 - I pulled my 10 point stop up to 6 points and took the loss, the 10 point stop would have held.
Trade 2 - I changed my mind on the market direction and sold the low! too hasty a trade.
Trade 3 - Pulled my stop up way too quick!! stopped out for 1 point instead of a good 15+ points.
Trade 4 - Pulled my stop up to above break even too early. Original stop would have held. Target was 2510.
Tarde 5 - At least I was persistent and tried again, this time it worked. Had to collect the kids from school so put in a limit order. Wonder if I would have been tempted to take profits earlier if I had been at the screen or would I have let it run further?

Other arrows are 1-2 point scalps

Profit for the day = 8 points.

7th January 2009 Trades

Trades in Z (ftse 100 future)

Days Profit/Loss = 7 points profit.
4 wins, 1 loss.

Trades in FDAX (Dax 30)

Days Profit/Loss = 8 points profit.

Trades in FESX (Euro Stoxx 50)

Days Profit/Loss = 6 points profit.

2nd January 2009 Trades

Trades in FESX (Euro Stoxx 50)

Days Profit/Loss = 2 points profit.