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Trading tactics

Posted 25-07-2008 at 01:11 PM by Joey25
Updated 26-07-2008 at 08:43 AM by Joey25
My DOM isn't working properly, so I thought it was a good time to write down my thoughts on the missed fill.

Now that I'm going for substantial winners, and they often only occur 1 or 2 times a day, it makes sense to place my entries so that the market has to cut through the entire queue to genuinely test a level.

This makes sense for when I move up to decent size aswell. Plus takes away the doubt about whether to keep the order open if it is touched but not filled....
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Not filled

Posted 25-07-2008 at 11:35 AM by Joey25
The good news is that the first trade played out exactly for a +6.0 profit. The bad news is that despite touching my order a couple of times I didn't get filled!

I must draw the positives from it, however, in that the level was a success

Anyway, the move has happened and I've moved on to:

Sell limit at 1272.25
Stop at 1276.25
Target at 1266.25
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First Order

Posted 25-07-2008 at 10:47 AM by Joey25
I'm excited about the 1263.25 level as it's an exact confluence between the Daily Pivot Point and a Resistance level from yesterday.

Entry at 9.05am will be:

Sell limit at 1262.75
Stop at 1266.75
Target at 1256.75
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Table of Levels

Posted 25-07-2008 at 04:16 AM by Joey25
1351.75: June18th Overnight

1343.25: June 20th Overnight

1328.75: June 25th Pit

1316.75: June 26th Overnight

1308.00: June 26th Pit

1300.50: June 26th Pit

1272.75: July 24th Pit

1263.25: July 24th Pit

1257.25: July 24th Pit

Daily Pivot Point: 1263.25
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End of Day 24th July

Posted 24-07-2008 at 05:07 PM by Joey25
Updated 24-07-2008 at 05:16 PM by Joey25
No fills today, the closest being the 1265.00 order.

1272.75 will be good to carry forward as a pit resistance level, as will 1263.25 and 1257.25.

Good discipline kept today, with expansive targets planned if I had managed a fill.
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