17/03/10

First session trade, long position, opened on: 1) XLF & XLB (2nd & 3rd strongest sectors during the session) were at the past or new ssn highs; 2) $add made hh and 3) internals were in favor w/ $tick: 0t < -600 vs 7t > +800. But soon have to fix the trade. ES w/ its peers, ER w/ NQ, didn't post session high and started to slide sharply. The reason was fundamental factor, not technical. Volker w/ Bernanke started to testify before the Senate panel.

Last two trades were opened w/ the single background: 1) ES failed to push above VWAP and have to slide more, plus 2) $add bulls lost its momentum. 414th position was fixed cause I thought ES did finally manage to break VWAP - it soared two ticks above that principal level. Exit from 415th trade was caused by lack of confidence w/ the reasons of short position reenter. Overall, that past two trades were very unlucky, because just after couple of minutes after the last position exit, ES did slide sharply lower.

But at the background of the todays misfortune, there is some trouble w/ risk management policy, concerning trades size. See my investigation.