Trades at 2006-04-04 01:40:17
Well the indices did make a new high as far as the Dow and S&P,but it did look a little like some topping action to me. I did have a couple more trades in the afternoon,one was at 14:08 on the 1 minute chart shorting ICE at 67.75 and covering at 67.41,for a nice gain.Now here’s the one that ticked me off,I take ICE short again at the 14:20 candle of 67.57 and let it wash me out at 67.58 and 67.60.Then it makes the real move and drops sharply lower,errrrr!The 1 minute chart with the 5 and 15 period averages should have kept me in,but I let emotion take over,fear of losing.When I post the chart,later, you can see it did slightly penetrate the 5 period ma,but never touched the 15 period ma,that should have kept me in.Regardless it was a great day topping yesterday,so I can’t complain.
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