CALL on ES at 1652.25

After I added I am not confident of the trade. This is exactly the remorse I have on all the things.
Analyze, read myself the analysis before placing a trade.

For now I put  a stop. lets see what will happen. I don't want to be taking chances. I need to develop a plan.
I had a plan for my forex stuff and it was awesome. Keep readin my last blog before placing bets on binary options

10 min after i closed the trade.

This is really really bad.

Lesson:
1. Analyze before you trade
2. Make notes and read it.
3. Don't go against the trend. check what can be done if going against the trend and why. I have lost most of the money going against the trend. Think about the losses in CRM one day 10k, just by going against the trend. let it stabilize before making a trade.

basedon the charts below I expect the chart to go up

After the time 10 min the chat ended up  like

Summary, i wasn't confident that EUR-USD would go down, why? I see that 1-min was trending up and 5-m was close to inflection point. Which made me believe that this is not inline with investing.com analysis and investing.com will change in the analysis in the next few mins. 

So I checked after another 10 min how did the picture look, it did go up as expected. so follow MACD. find good entry point on 1-min in the direction of 5-min and 15-min charts

Binary options trade strategy

I have been having success lately by following one strategy.

Go to netdania.com
Check 1 min, 5 min and 15 min charts
Add MACD study only
Start making a educated guess based on 1 min, 5 min and 15 min charts where the target is possible in the next 15 min or 2 hour trade setup.
Check investing.com, technical analysis section, question if they are against your thoughts
Don't place a trade if you are not comfortable
Don't trade 60 secs, that is just gamble

Check for the news

Sept 18 strategy

Try to get maximum profit in the next couple of days for the current trades.
JOYG: First Target- 79, second target- 76
UNP: Watch for 89.72 if that drop, let it ride, if not take profit

Plan for June

Nice post from Doc Barter: http://slopeofhope.com/2011/06/market-health-check.html



June 6-10: Increase calls on IYR, UNP and JOYG. Sell them off middle of the week. then go short little by Thursday to take profits on Monday 13th. There my be a bounce on Monday and Tuesday.

June 13-17: buy with both hands IYR, UNP, CAT, JOYG when lows get it. Market will be oversold if lows are getting hit.

June 9th: No more trades, save remaining capital to pick shorts at 1300

Took profits on Russel

Took a solid 8 point gain on the Russel. Looking to initiate a short again at 584.
for longs from service I subscribe to watch BEN, ICE, MON.

Russel 1 day 5 min chart

A wider triangle forming, so will take short around 591.5, will stay short until ES pulls back to 1070. Will be performing some scalping as it setups. Long on gold minis