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For me the most difficult aspect of trading is I am a perfectionist so instead of varying levels of success I see only varying levels of loss. When I lose, I see loss. When I win, I still see some loss (what I didn't get) .. could also dose of greed also.. No doubt the hard part of trading...

Journal should read "a 2 or more unit trade would use that possibility"

I was thinking of you getting that as it went.. Very well planned and worked out. Need to LET GO OF WHAT I DON'T GET though as I am now thinking of the 73 short (stupid really) and the points I may leave behind today. Or man up and do 2 units (stupid also).. need consistency.. Original plan was...

Morning Prep.. Ugly morning.. Kissed 1790.. Easy to rush in short on opens like this. Hourly TL's definitely broken.. Hope to short a reversal around 1778 or 1773 (after dip to 1764?).. either way must look for a system trade.

I need to simulated large loss days as I am incredibly calm and controlled the day after.. Trend definitely up but all trades short?? NQ very different from rest of markets thanks to GOOG/AAPL.. maybe CSCO report due but regardless, what I trade is strong. A long only over open filter and...

The fate of the markets depends a lot on XLF formation..

Morning Prep.. For a repeat of the run-up last few months today must be an up day. Watching Yesterday's close and overnight high (1773.5 area). Above that up we go. Also yesterday's low to watch. ISM at 10.

Good call on that.. so far..:)

Schaefer, Time frames.. you are right.. I watch the hourly but it can't be traded with a 2pt stop. Currently using a 1600tick which I am comfortable with. One of the core reasons for this seemingly simplistic (and silly to some) hard 2 to 3pt stop is I know for my system entry it is...

Trying to learn here... what were the factors that would have comforted you in a long position when we were under 1751 other than your trendline? no rush.. whenever you can..

True ammo .. BUT current direction is up.. 1790 possible.. CSCO reports tomorrow.. who knows.. we don't need to know anyway..

No doubt I was not completely objective this morning..

Something else.. Trendines are broken and negated all the time.. no problem as that is life in the jungle.. hence the unwavering need for protection.. patterns that don't follow through tend do be viscous in the other direction..

Here is a clean one... Regardless, not waiting for system trades at the core of my troubles.. not insurmountable but nevertheless slightly maddening..

Schaefer, Is that an hourly chart of NDX or NQ? Here is your chart.. there was a break this morning??

Back to Sim Trading until I can consistently follow rules...

I did not take the early 1760 short, waited to the TL break on hourly but missed the part about waiting for a fresh downward reversal (system trade). Went short on break of 1751 support from yesterday.. (Not a system entry) Plus I was quite convinced the breakdown will hold which possibly lead...

No trades today with connection issues early.. Wedge building.. Will be looking for 1760 to 1764 area short tomorrow..

New Month... Better trading ahead. Morning Prep.. Looking for action at 1760 though a little wall 1752's, currently in a no man's land. 10am reports due.

Fantastic system!... Most of us are trying to avoid that.. :D :D