Trading day 2010-11-17
November 17th, 2010 | 
Author: Boring range day. Profitable, though.
Long setup early in the day:
End of day picture:
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Overnight analysis 2010-11-17
Sell off continues. Sellers increased short inventory into about 400K contracts. This was a 55 point movement since last top.
Key levels to “do business”:
Trading day 2010-11-16
Perfect long setup before market opens:
Short setup after the market opened:
End of day picture:
Very strong down trend day, with more 2800 declining than advancing stocks in some moments. Ended up with 2269 more declining stocks, which is a huge number. Tough to fight a day like this. Better look for trend setups instead of counter trend ones.
In the middle of the day I discovered most of my trades were done with my platform in simulator mode. Bad. Really bad considering it would have been a nice profit day.
Overnight analysis 2010-11-16
The sell off continues after a text book short setup (http://gentletrader.com/2010/11/15/trading-day-2010-11-15/) :
Trading day 2010-11-15
Long setup during overnight session:
Sellers from friday’s high still holding short positions (12:57hs):
Short setup as twitted was followed by another short setup in a row. This one must be the more perfect short setup I could have. It’s going to my “Patterns” page:
Even with this great setups, I ended up negative for the day. Lack of confidence in the setups made me over trade.
