16th August 2012

Took the C/T trade in front of the 100 point move.. the w/t trade was what we really wanted and there was 1 to take but I chose to wait for the c/t? why I don't know.  This is obviously not  a range bound day I think for some reason I think I want to take the c/t trade because if it works you are more likely to get more out of it hoping for a massive re-trace and thinking that the move is over done.  Poor analysis and poor execution.  Look at the structure trade with the trend.

Lesson:

Its a trend day trade with the trend and keep going no matter how much you think its overdone, don't try the C/T until you know the trend is over!  Multiple swings LH and LL.