09-14-10 Trades

Trades: Long JCP +2.65R, Short ETR -1R. Overall +1.65R
Lessons Learned

1. After b/d, ETR had a blue IB and reversed. Should I have exited?
   
2. Weed WL = closes above EMA, OR h/l violation
   
3. If entry, and close above EMA - consider exiting, esp if collusion behavior of stocks bullish/bearish (you see several strong bar reversals)
4. Double position on 2nd p/back entry?
5. After 2 trades, switch-off. Only monitor B/E (alert) and move stop to 1R
6. Manage 4 orders: Orig entry, orig stop, 1R (b/e), target exit
7. Goal is to weed Wl: Or Violation, Closed strong +/- EMA (am r/a and B/B p/back)
8. Be wary of prior bar Tails? Choice between two, choose no tails!
   

Notable Charts: