A Good Year Ahead...

As we embark on the 1st Official Trading Day of the new year (for the US Markets), I would like to wish everyone a highly profitable year ahead in trading!

Pre-Market/Globex Observation (7pm - Singapore Time). Last Saturday, we talked about Leg 2 of the Back-Door Bull Break ending at 1438.75. This level has been Breached during yesterday's Globex session at 1439.00 (However, today's Globex session High is at 1438.75 on my charts, but on IB's trading platform, 1439.50 is recorded as the Globex High). In any case, we have effectively reversed the potential Bull Break, and thus continuing the current Bull TREND. And with the TREND Chart still pointing up, we would be looking for LONGs, later in the actual session.

08:37pm LONG 1437.00 / STOP 1436.00
08:49pm Moving STOP to 1435.75
09:14pm STOPPED at 1435.75 / -1.25pts. Got hit by that sudden drop in PRICE. Don't recall any important news coming out, until much later...
09:24pm LONG 1435.75 / STOP 1434.75
09:31pm STOPPED at 1434.75 / -1.00pts. Not a good start to the new year...Got to knock some sense into my head. Must avoid Globex at all times. Too many wild swings & fake-outs.
10:15pm We have a Minor PPF of Resistance. LONGs are still valid (until we see a PRIME Failure, with TREND Chart pointing down) as TREND Chart is still pointing up.
11:15pm We have a breakout.
11:43pm Missed the breakout just now. Placed a buy, but they wouldn't give it to me. A waste.
11:44pm Will wait awhile for any LONG signals...If not, I'll call it a night. The earlier 2 Globex losses took the steam out of me.
11:46pm A possible SHORT signal instead.
12:20am PRICE movement has slowed down. Will retire to bed now, and start afresh again tomorrow night. 2 Trades / 2 Losers