Work Hard for the Money

It was as Donna said today. I traded more than twice as many trades as usual. These employment number days can get very confusing to the guys upstairs if there are different ways of interpreting the data.

Trades 1 thru 4 were continuation trades from yesterdays' downdraft. It was a matter of finding re-entries after closing out. As we were hitting new recent lows I was mostly all in and all out as I was waiting for the market to retrace some of yesterday's losses. I had a nice walk during London's lunch hour waiting for the numbers, finally a bit of sun in London.

Today was a great example of not listening to CNBC while trading. I did for the first time in many, many months. Very bearish numbers and of course one or more big hands covered shorts on the bad news. I would have probably traded better if I did not know that and just followed what I was watching. After an hour of confusion (mine), sanity returned and I turned off the TV and went back to work. Trades 5, 6 and 7 were very short lived. Trade 8 was into the hole. The Order flow then became really clear, probably because the CCI momentum turned at the same time so clearly too. Trade 9 I rode up through KC and his sunshine band.

Trade 10 I should have held so I didn't need to take another trade but I didn't as the congestion and the 6CCI looked like it would break up. It didn't and I was lucky to get in with really clear info on Trade 11 which I exited on the first hammer at the KC low.

All in all, a very tiring day. I had to focus a lot more. I had one eye on Kiki's FloBot as I was very curious how it would perform on a day like today. If you are curious too, tune in on the week-end and I'll post a chat and some stats.

 

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