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No trades today. Lots of slop and chop. Could be a pattern this week until some key economic data is released on Friday. Then the FOMC follows the week after.

Results for week 24 attached. I will be increasing my position size to 3 contracts next week. Have a great weekend!

Hey folks, Tx for the nice comments! it was a dream chart yesterday. Trend followers would love to trade a pattern like that (ie Stair Steps--move up, level off, move up, level off, move up, etc) all the time--regardless of timeframe ;-) With the strong gains this week I'm throttling...

Mighty nice Bull Flag at the open! Fed VP gave a very dovish speech and that's all the market needed to start a short covering rally. Economic data looked mixed IMO, but, I don't have a Ph.D. in Economics so I'll defer to the experts. ie I'm not sure the data was good enough to sustain a...

Hey folks, A bit whippy today. Price opened below the Daily Pivot and raced up to test it. Price eventually made it past the Daily Pivot with some momentum and I went long with confluence on the AD and ADV charts. I got whip-sawed pretty hard on the 2nd trade after price broke through R1...

Interesting day to say the least. I figured today would just be a lazy/post-holiday range day. I am long in my swing account from Friday's action and ended up short in my intraday account for this project. :-O Volume wasn't terribly exciting today; It looks like the market is trying to...

No trading to report for weeks 22 and 23. I got over a nasty flu just in time for the Holidays. I hope everyone's thanksgiving was pleasant.

Hey folks, no trades today. There is a nasty flu virus making its way through the family and it looks like my number is up. I'll post something when I'm feeling better and in a better position to trade.

Results for week 21. Volatile week that ended in the black. Call me stupid, but, I think a bottom is near--at least a retracement. ie with all the bad news and distribution that took place in the market this week, banking and the PHLX Housing Sector Index were positive today!!!!!!! *...

Volatile day. Trade 1 -- Break of S1 and yesterday low (1) +10 (1) -15 Trade 2 -- bounce off of S1 and yesterday low (1) +10 (1) -5 +0 for the day

Went into today expecting some follow through. Trends are all down on the 60m, 180m, and Daily. Volume is rising on distribution days. Price opened below daily pivot and it didn't take long for the bears to fill the opening gap. First Trade-Break of yest low (1) +10 (1) +96 Second...

Nice down trend day. Everything on the market screen was red. A/D lines were in a downtrend all day. Trade 1 -- break of S1: (1) +10 (1) -1 Trade 2 --break of Yest Low and S2: (1) +10 (1) +69 Trade 3: Missed Opportunity on break of S3

I did sit out the rest of the day.

I limited myself to one trade today. Why? I wanted to focus on discipline today. * Price opened above pivot * Daily Pivot held on the retracement * Waited through most of the lunch hour * Went long on confluence. Certainly no guarantee of not getting stopped out on this trade, but...

I GOT CREAMED TODAY! (2) (-21) (2) (-18) Rough start to the week.

Not a very exciting week. With all the conflicting economic data, it will be interesting to see what kind of mood investors are in next week.

Hey fish, Unfortunately I don't think I'll have a great answer for you. I generally take heat on most orders--especially mkt orders in volatile market conditions. Yesterdays trade there was quite a bit of heat--about 15 pts. However, the bar I entered on never closed above the recent swing...

Down day today. I grabbed a few pts during the a.m. but that was it. Things got choppy through the mid-session and things just must moved really fast after 3pm and I missed the short opportunity. (1) +10 (1) +11

* Lots of chopping around as everyone waits for the "big" FOMC announcement. * GDP came out strong, but, economists are skeptical (as they should be). Businesses/CEOs are pessimistic about future growth and they know more about current economic conditions then economists do ;-) * Rest...

Tx for the post K! My short answer is there is some emotional/psychological comfort after scalping those first 10pts that contributes to the discretionary results. Thus, I'm not so sure I would have been able to maintain the same discipline, nor achieve the same results, had I been leaving...