Search results

hi, we have a gap in ES, but not SPY? ES is trading near yesterday's high, but spy is below yesterday mid. Is there any reason why? Does it make sense?

NoDoji, thanks for the comments, what you are saying makes sense. I need to think about this and work on writing more detailed plan of action.

We have rejected the high of last week twice, so the odds are we are going to trade down to at least last weeks close and gap at 1244 and potentially 1230 area, which is the top of the huge gap and weekly PP. Last year's close is also around 1245 and we tested it overnight last night, but...

thanks for your suggestions, but automating my system is not possible for me now.

thanks and welcome back :)

thanks, I appreciate it, but I need to work on my own thing.

Ego is not the end all, there are other things involved. It's more like multiple personalities disorder. It depends on what personality is in charge, the rational or not. To be a successful trader, you have to obtain a mindset that following the rules is pleasurable and breaking the rules is...

thanks, I guess?

Today was a very choppy Trading Range day till 2:30. I took only 2 trades and was very happy that I was disciplined today and didn't get chopped as I usually would have. It prove again, that discipline pays off. After today I know that I can do this - I can be patient and trade only the...

So far the market is in an uptrend after a break out. Tomorrow is a very important report before the open that will set the tone for the day. Unless it's really horrible, mostly likely we have a continuation of the up move and a potential up gap. If we have an up gap, I will look for a set...

I traded much better today, took only 2 impulse trades. The first one was the first trade of the day, but I was journaling my entries and reasons behind it and realized right away that it was not a disciplined trade, but an impatient trade. I believe journaling in real time helped me recover...

the overnight session was rather non eventful. look like consolidation so far. 10 Am report may be the mover.

We have 2 huge gaps up with a day in between. 1227 is yesterday's low. Could be tested tomorrow or overnight as overnight lately has a large range. I expect 1220 and potentially 1206 tested. Most likely not tomorrow, may be Friday after the reports. At least half the gap at 1210-1212...

emg, your constructive advice is always welcome!

Well, looks like my discipline failed today and I didn't follow my plan that I've outlined. I did place too many shorts today without waiting for a proper set up because I was afraid to miss the sell off. I need to work on my discipline and patience and stop trading what I feel. Will read...

I think I need to reiterate a point to myself -- don't short this unless there is a very strong evidence of a break down. It's just so seductive to short this because it's ran up so high, but that is not how I trade. The goal for today is to work on my discipline and not get influenced by my...

82 did hold overnight and we had central banks intervention overnight and a huge gap up that blew way over my 1210 target, but that was a "normal" target, not intervention target. Either way 1236 is last week's high and next upside target and we came pretty close to it already. from here...

1180 is a weekly PP and last month mid point, so an important level to be tested. Could happen tonight. 1206 level was tested last night and found sellers, but it's an important level that's likely to be tested during regular session. 1210 is also weekly R1 there is a potential down gap...

We've changed from a gap up to a gap down and probably will test YL. 2d gap in the same direction has a high probability of filling. We had 2 days of congestion, so the odds are we are going to have a trend day today.

The market has an up gap now and upper levels for tomorrow are 1205-1215. 1206 is last weeks low and around 50% of the gap and 50% expansion of today's range We have 8:30 GDP report that can change everything the lower potential level is 70-80 we should get into positive thanksgiving...