Scaling in Scaling out - poor trade management example

Range plays at Levels

12th December 2012

Good read of market even though had no plan as FOMC.  Good trade selection and trade management last trade was placed too early and was nearly punished luckily escaped without a loss.  Don't pre-empt in danger zones.

Opening play

Good Quote PTJ

"Traders who are likely to succeed over time are those that take complete responsibility for their trades" Paul Tudor Jones

11th December 12

Trade 1 Closed for + 1 went on to hit +60 Good read of market very poor trade management

10th December 2012

Bears
1421 = HOD hold below there to test down to open 1416
or
Bulls
Price breaks 1421 and continues up to at least test of 1422 which is likely to hold