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  1. R

    Trading lunchtime

    During a medium/high volatility market lunchtime is some of the best trading for me. I generally avoid the last hour. Only certain days will I trade to near the last 30 minutes. It's best avoided especially on trending days. In general for me... 9:30-10am = Avoid 10am-11:30am = Good...
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    Pivot Odds

    Is it just me or are half of the people here mad as a hatter? LoL... Pivot levels are still to this day very valid support/resistance levels. Daily pivots are not that strong but price still always reacts to them a little. Weekly pivots are practically market moving. Seen so many market...
  3. R

    Just sold my business for $250k

    Yea, it's kinda funny... Statistically the smaller your account size the higher odds you have because your trades don't move the market. I learned that quite fast in penny stocks... I sold 150k worth of ARDM at market or something once and then looked back at the chart a little while later...
  4. R

    Lack Mindset > The main reason for compulsive trading.

    To answer question one. With very high technical skill and market knowledge someone with high emotions can maintain profitability. The less emotionally influenced you are the less skill you need to maintain profitability. To prove my conclusion is very simple. Simulate this person...
  5. R

    Ever print off the wrong economic calendar?

    A range trader is anyone that trades off support, resistance, and between them IMO. Range traders do not chase or go into established or confirmed trends/directional cycles to try to capture part of them. I'm always trying to trade as close as possible to exact highs and lows and don't go...
  6. R

    Ever print off the wrong economic calendar?

    LoL... I was just thinking about how much fun this market is going to be midweek once it starts getting a little more volatile and sideways. Topping out markets are nice to short, but I also like bottoming out days just as much. My least favorite is one directional grind days. Up or...
  7. R

    RangeTrader's 2012 Journal

    Took off and didn't trade the rest of the day at lunch. Things were getting too slow and were not picking up at 1PM. Wasn't feeling it today. Getting two entries in a row off by a point told me I wasn't properly in sync with the market today anyway. Oh well, still ended green. Tomorrow should...
  8. R

    Ever print off the wrong economic calendar?

    Of course. I generally prefer to trade range trades heavily. When the market starts getting more volatile I only trade around lunchtime. When it starts getting ridiculous like during a correction I just step away. You can have your trends. Ill take a nice 10 range up and down day please...
  9. R

    Ever print off the wrong economic calendar?

    In the journal forum I started a thread. Didn't really trade much today. Decent entries but didn't hold my trades like I should have. Something was feeling off. Made a few coins only when I should have nailed a bunch of handles. Blah! Green is green though. *Shrug* Tomorrow should be good...
  10. R

    Lack Mindset > The main reason for compulsive trading.

    Works in the market too. If you completely 100% don't give a sh*t and have zero knowledge of the market you have a 50-50 win rate and steadily lose money very slowly just from commissions and spread. If you have a 100% don't give a sh*t attitude and know a little about technicals and odds you...
  11. R

    Just sold my business for $250k

    Haven't you heard? Business in the world is booming and the stock market is up. :D :D :D *sarcasm*
  12. R

    Just sold my business for $250k

    Trading is as hard as starting a business... Expect years of grueling pain, sweat, and tears... If you have experience in running general small businesses it would honestly be easier to stay in the same trade. But, taking a break and opening a small trading account and working at it for a few...
  13. R

    ES Journal - 2012

    The market price is a representation of the emotional state of investors and their feeling about the future. People are herding animals prone to crowd behavior. The majority of the herd driving the market at the moment "feel" like the the fed is going to support this market forever and they...
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    Lack Mindset > The main reason for compulsive trading.

    Nonsense fear mongering... I detect a lack mindset!!! :) Markets have been here hundreds of years and they are still going up and down. Unless it's Armageddon(alien invasion or asteroid) and the end of the world is under way there will always be something to trade. If there is nothing to...
  15. R

    Lack Mindset > The main reason for compulsive trading.

    Yep, that definitely helps some people a lot. Also, merely knowing they can make the money other ways helps lower their stress too.
  16. R

    Ever print off the wrong economic calendar?

    Well... In a bull market when there is a no news day the market usually just goes into brutal grinding slowly upward chop... It doesn't trend like today. That what you were asking about? Or were you asking about how I was mystified by the L2 sizes dropping down to around 600-800 across...
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    ES Journal - 2012

    You guys are way jumping the gun entering shorts. I thought there might be some shorting opportunity this afternoon but this is looking like sideways consolidation before the next up move. Maybe sometime tomorrow there will be a good short setup. Were confirmed bull market across all trend...
  18. R

    Lack Mindset > The main reason for compulsive trading.

    Every single time a trader rushes into a trade without thinking there is usually a core physiological reason behind it. Ever heard the saying "If you have to make money in the market you can't!"? In my opinion this is directly to do with the degree of "lack" mindset vs "plenty" in the trader...
  19. R

    Ever print off the wrong economic calendar?

    I was just glancing at my calendar thinking there was no news this morning and it was going to be a slow choppy day... Entered a buy on the ES at 9:56:55 and exited just after 10am because I timed the entry bad. The market was acting a little fishy and sizes on the L2 were strange too...
  20. R

    Pivot Odds

    I need someone to clarify and confirm these numbers. I'm not completely sure they are correct. Just something I was told a long time ago. The ES/SPX has reached R3 already today with standard intraday hours only pivots. Now... According to what I remember the odds of the market not holding...
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