Frustrating day !

Not the best conditions again in CL today and of course this means you better nail your setups if they do show. I missed a couple again today, Bad reads....and being too conservative.....luckily damage not too great. Got one more day this week and month.....I want to finish up the week with a good clean day of good reads and good execution !

Did not know what to expect today......with.."FOMC"...decided to chicken out after small scalp. As it turned out...would have been fine...good profits available if you had taken all the setups.....I'm learning that you just have to TRUST "PRICE ACTION TRADING" it will not let you down !

Mistakes and poor price action !

Missed the "trade of the day" in CL about one hour into the session.....too conservative...it was a long at 111.92 good for 50 + ticks.....I made a mistake passing on it.....that combined with doing a couple other trades that were not as strong a setups......and the choppy conditions....made for a tough day ! Happy to atleast finish green !

Thursday 4-21-11

Joe DioGuardi: Government Accounting 101

The National Debt Road Trip