Mexican Dinner

Mexican egg rolls, tacos, fried rice and beer.  I will eventually put up a recipe.

Daily Review

Was looking at LNKD, ULTA and GOLD for target trades today.  Started buying GOLD when volume came in and started running toward 115.00 breakout.  Took partials at 115.50, 116.00 and 117.00 areas.

Daily Review

Market is still incredibly tough right now.

Daily Review

Blog is still on hiatus until breakout/breakdown trading resumes but quick trade I took today. 

I'm Back - Sort of

I know my posts and posting frequency have been a mess since this blog started.  I hate trading news driven, extremely volatile markets.  I know there is a ton of money to be made right now but I don't like putting money on the line in these type of markets.  I learned the hard way in 2008 that these markets require a different style of trading, a style I do not enjoy.

I enjoy trading High Chart Patterns traditional breakout/breakdown trades.  Right now daily charts are a mess and it might be a while for new spots to form.  I've been watching from the sidelines the past few days and happy not trading.  My time will come again, just have to be patient.  

Vacation

No trading for me this week.  Taking a "vacation" at my parents house before I move into my new apartment later this week.

Planning on building a new trading machine this week.  Never built a computer before, looking forward to learning the process.

Daily Review - Shorts

Can't remember how long its been since I've traded a successful breakdown short.  Today's CAT trade was a textbook setup.

Shorted 500 at 103.50 with stop at 103.80.  Covered 100 on break of 103.00, 200 at 102.25 and 200 at 101.75.