DATE: 2/26/2012

Previous day Objectives which were not fulfilled?

The Gap not filled.

Primary objectives on Daily and Weekly: name the objectives if any.

a). was balance objective fulfilled? YES

b). was Gap objective fulfilled? NO The price gap last week is at 3153 Current price at close is 3458. A 300 pip gap needs to be fulfilled.

Primary objectives on the 2 hour chart: name the objectives if any.

a). was the balance objective fulfilled? NO Friday 2/24 is no longer in balance with the close of PA at 3458 and the LR at 3475.

b). was consolidation objective fulfilled? NO It is still in a uptrend the the last 4 2HR candles show a

consolidation forming.

ROMAR support/resistance on the Daily at what Price Level and a line added on a trading chart: 3150

ROMAR support/resistance on the Weekly at what Price Level and a line added on a trading chart: 3523

Previous day High and low:

High: 3487

Low: 3359

Problem areas from previous day trading:

First trade of the day:

Wed 2/22 positioned at 3157. At PL 3167 I set my BE and 20 minutes later was stopped out. The reason for entry was it was coming out of consolidation with the Gold crossing Purple. I believe my stop loss was premature and should have waited for a 15 pip gap before I put in my BE. The next candle went to a high of 3433. An easy 40 pips. However, there was no loss incurred.

Reason for no gain: Premature BE

Second trade of the day:

I did not position any more trades because I misunderstood the rules during a consolidation period. There were a myriad of opportunities. I am now looking forward to consolidation opportunities.

New Format for entering trading

DATE:

Previous day Objectives which were not fulfilled?

Primary objectives on Daily and Weekly: name the objectives if any.

a). was (blank) objective fulfilled? (Yes or NO)

b). was (blank) objective fulfilled? (Yes or NO)

Primary objectives on the 2 hour chart: name the objectives if any.

a). was (blank) objective fulfilled? (Yes or NO)

b). was (blank) objective fulfilled? (Yes or NO)

ROMAR support/resistance on the Daily at what Price Level and a line added on a trading chart:

ROMAR support/resistance on the Weekly at what Price Level and a line added on a trading chart:

Previous day High and low:

High:

Low:

Problem areas from previous day trading:

First trade of the day:

(Describe your trade in detail: Give the entry price and your reason for the entry and the objective for the entry. Give your Take Profit area and the reason for this area. Give your Stop Lose in pip detail and the reason for this stop lose. After the trade is completed give in detail why the trade either worked in your favor or did not work in your favor. And then study that trade to find reason why it went with you or against you and then log it here in this space.)

Second trade of the day:

(Describe your trade in detail: Give the entry price and your reason for the entry and the objective for the entry. Give your Take Profit area and the reason for this area. Give your Stop Lose in pip detail and the reason for this stop lose. After the trade is completed give in detail why the trade either worked in your favor or did not work in your favor. And then study that trade to find reason why it went with you or against you and then log it here in this space.)

Place as many daily trades as you need as described above.

It is hoped by March I will be up and running complete with a chart that will follow an account with $250.00 in it. It will give a moment to moment price action on the account as to whether I am making money or not. I will be completely exposed which will subject me to ridicule or glory. I'll take either.

Anyway, I hope this will be enlightening not only for you but me as well. I will be patterning my chart off an excell program I found on the internet that claims "...you too can make one million dollars within a year with $250.00 to start..." What do you think? Pie in the sky? I did and to some degree I still do. But I have experienced the required pip amount to achieve this goal on a few occasions. Anyway, let's see what happens.

By the end of the month, I should have all the links set up to where you can see this amazing feat happen before your very eyes--or not. :)

Blessings,

Taigen