sell 5361 stop 7 7.25am

sell 5362

-1

sell 5384 5 stop 9.08

sell 5399

+15

Had to do other things, but the market was like a roller coaster. I don’t know if I would have made, probably just broke even, although there were a few traps that could have been sticky

Market looks to be trending up in early hours trading.
Greece continues to jitter the market, to what extent that is already priced in is unknown.
Will the market continue lower as long as bad news is on the table
Where will the good news come from to improve confidence?
Will talk of Greece leaving Euro increase or decrease confidence?

sell 5463 short 5 7.49am
For a quick 5-10 minute trade, expecting a 10 point drop
shorted out
-5

This was a bad trade because it was a pure gamble, little thought process. These are the kinds of trades I must eliminate and I must paper trade until they are gone.

Don’t predict the market, let the price indicate the trend.

The price does not always indicate where the trend is going, it’s at these points I should not trade.

Don’t think about what the market is going to do but let your eyes tell you in the simplest terms where the trend is going.

The chart is telling me buy, 803am but my brain keeps telling me, “what about Greece?”

The trend took it past 5500 at 8.50am and now it’s swinging down

sell 5489 stop 5 9.07am

As news is still bad I see no reason for the trend to stop going down and even if it is now sideways we are probably at the top of it. Possible 5440 by 10am, but there is no real way of knowing that, but it feels right.

There I go thinking again.

Sell at 5474
+15

Mostly out because am going to be busy on a coaching call, but seems to be the right time to get out whilst we see what the market mood is.

Buy 5459 12.21 short 5
shorted out
-5

Trend is down, but how low can it go.

Don’t think, look at the chart.

Buy 5459 12.21pm short 5
shorted out
-5

sell 5452 short 7 12.24

Trend is down
GO with trend
It’s a no brainer but my brain fights what it sees

shorted out

-7

Rest of the day I was doing other things, but there were a couple of chances.
It may be I am trading too much and need to make only 3 trades a day when the set ups are obvious.

sell 5502 with 10 stop

Indicators are at 7am 5519
8.05 5503

Current is down at 5573 Profit of 29
+29

Switch may be in progress but news sentiment is down because of Greece

Change to stop of 5
Now at 5471 9.25am

Sell if raises to 5480 – this was hit at 10.06
-5

Buy 5487 10.20 5 stop

Retrenched low indicates higher swing

Stop triggered at 5482 10.29am
-5

Paying more attention I probably would have sold sooner and it may be that it has hit the bottom hence the tight stop

sell 5477 stop 4 10.36am

stop triggered at 10.43
-4

Looks like the top and bottom has been created

buy 5475 11.13am stop 5

Expecting the bottom to have reached and hope fully catch 5-10 points
sell at 5480
sold at 5480
+5

sell 5478
stop 7

Expecting it to go to 5470 because of early indicators of a down trend back at 10am

if at
5470
sell
set 11.48

Hopefully let fall continue

sell 5467 11.58am
probably hit the bottom, lock in profit
+10

Trend still down from 10am
Ouch, missed a huge 30 point dropped at 12.00

Sell5440 12.01 stop 7
looks to have more juice in it
stopped out
-7

According to the trend lind set from 8am it’s looking to drop again just before 1pm

sell 5464 stop 5 12.28
trend line down indicates sale

sell 5457
+7

Trading the Ftse notes

Buy 5440 stop 7 14.02

It has followed the line drawn and is currently as the bottom of the day.

sell 5454 15.31
+14

Total points made 44
Spread not added
These are my personal notes and not meant as advice.

www.huffingtonpost.com5/13/12

NEW YORK — JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.

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thehill.com5/13/12

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www.businessinsider.com5/13/12

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news.google.com

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news.google.com

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news.google.com

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