An index futures trading journal.. and the occasional off-topic blog

Tuesday, July 17, 2007

I went short today at the red arrow on the 30 minute chart. I liquidated half my contracts after gaining 5 points. A couple hours later in the after hours, the second half was up 10 so I covered them for a pretty profit. I missed a long trade prior to that when a hammer formed at 1574 and the day's open. Unfortunately I had a meeting so I couldn't put any money into that one.

The daily looks like its at major resistance and will move down a considerable amount before the current rally resumes.

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I am a full time systems engineer and a part time futures trader. I'm aiming to become a full time trader in the next couple years.