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Had actaul setups on ER2 today unlike yesterdays mess. Internet Connection went out 20min after last trade at noon. Lucky again I guess. $350

I'm really doing bad this week. lost $500 today. I deserve it for not putting in my stop. I'm taking a break to get things straight. bought ym at 12319 and had a 5pt stop get hit, and wacthed it rally 30pts to new highs there after.

Wish I went to a school like that. :D

Of all the things I said I wouldn't do today, I found myself short. I got lucky with only a $80 loss. I was positive, but good greedy. I traded terrible today, counter trend trading the long up trend.

I will be looking for an afternoon fakeout low, and then a reversal. (just a pattern I've seen following a previous day strong close) I will only place long trades tommorow even though there will be a probable gap up fade trade in the morning. Also looking to buy 38% retrace if it retraces...

we had NR7 today on ER2, and stops got flushed out, plain and simple. It wasn't due to any news. Homebuilders helped bring up the indices in the afternoon, and then stops placed from the morning got hit an added fuel to the fire. I think the move was pretty extreme, but I wouldn't attempt to...

There will be a higher high tommorow, guarenteed. Anyone betting against that?

Tick charts are best for scalping. I set up a volume indicator on a 2 tick chart for block trade signals. Please don't still my edge....

Holy macrol !!!!!! I stopped trading at 2:30, right before the explosion. Tommorow will be up, more short covering to come. looks like we had automated buy programs to the close. ER2 new highs. Volatility is back. Tommorow should be interesting. Honestly, who's going short tommorow??

churned and had 2 stops hit .1pt away from reversal pt. on er2. Counter trend traded and did poorly today. still green though. $50

should have used tighter stop on scaled out stops. $140, seems to be my #

Done early. Choppy friday. $160

Done for the day. Nice trading yesterday BoyBrutus.

Done for the day, too choppy. $400.

I had a short trade on when the news was announced. I had CNBC on, but I wasn't listening to what was announced, I was wondering what the heck was going on. Thankfully I got break even on my short. I'm taking my profits for the day and stopping. Things are too wild to trade for me.

Here is a strategy using block trades as a signal . The green dots represent 70 cards or more traded on YM. This strategy is best on range days.

I've been doing more studying of my setups. I will post some charts later on strategies, I hope to get some feedback. Here is a chart of my outlook for setups next week on NQ based on fibs.

looking to fade this next up move.

I think we will touch 749 before reversing, no higher than 750 between now and 7:30. Looking to fade next move up.

Thanks BB, I hope everyone reading this journal may be learning something. Stops will be 0.7pt on ER2 and 9pts on YM. Market out look for today is bearish. market stats 3:1 bearosh. Possible Trading setup, fade 2nd high tick between 6:50-7:15. Target LOD is 740. 736 if 739 is broken.