Tuesday, September 11, 2007
Tuesday was good
One thing I've been watching for about 2 months is both the 3 minute and 5 minute YM chart side by side. I have been practicing taking scalp trades off the 3 minute chart and finding decent success with that. Today I took 2 YM 3' scalps, 1 5' CL trade and 1 5' YM trade, all winners. We'll see how well that continues to go but it's an interesting thing to watch. Sometimes I can get into moves with valid patterns on the 3', whereas the 5' doesn't provide a valid entry.
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TradeLogger - equity curve management
The benefit of this program is it saves you capital when your trading performance experiences periods of drawdown while in a losing slump, whether it's due to the skill of the trader, or just lack of follow through from the market due to market mechanics.
You can download at www.TradeLogger.net.
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