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S @ 1039.25 (11.49 EST) B @ 1039.25 (1.12 EST)

B @ 1035.5 (10.35 EST) S @ 1030.00 (10.43 EST) - 0.50pt The weak downtick shook me out. I keyed in a market order on fear of a plunging tape. Wasn't strong enough - I should have placed a stop limit just below the low of 1034. That would have been a better place to put a stop.

:) on that note. S @ 1041 (10.00 EST) C @ 1039.25 (10.07 EST) + 1.75pt Looking to short again.

Thanks for the advice. I will take a look at Mark Douglas.

Day 1 Trades +2.0 pt -0.75 pt -3 pt +2 pt Total : +0.25pt less 0.48pt commish = - 0.23pt Day 2 -1.75pt +2.0 pt + 1.75 pt +0.75pt Total : +2.75pt less 0.48 pt commish = + 2.28pt Week total : +2.05pt

... can't understand how expiration day behaves. I guess that with all the gamma trading by option guys going on, it should be a very tense tape that doesn't gap, but trends with a lot of minor retracements. If that's so, trend following with wide stops should be the way to go ... That...

Cutten, Thanks for your comments. It's not that I don't value the long trade - I have been toying with a liquidity based system, trying to make a global equity mkt timing system. It's challenging, but the system often calls for being in Tbills for weeks. Not very interesting. I am curious...

Realised from my last post that I better learn the lesson of the AM. Mkt gave a nice fat vol bar... took the bounce. B @ 1039.25 C @ 1040 + 0.75pt Signal : (12:08 vol 4296)

S @ 1042.75 C @ 1040.00 + 1.75pt Using training wheels at the moment with profit tgts. When I feel more confident, I may try a more discretionary exit again. ES @ 1039 ... hmm Oh well

I figured that with two peaks yesterday at abt 1050, 1051 was enough room before I was officially wrong abt my prognostication. Too obvious a stp point on too obvious a day to go short I suppose. Glad you made $

Yes - I have a love-hate relationship with stops. On one hand they are a safety net, on the other hand, they reflect your anxieties (I don't want to get hurt - let's make it a 1 pt stop). The market is extraordinarily nimble at profiting from your anxieties! Anyway S @ 1042.50 C @...

S @ 1049.25 10.38 STP out at 1051. Had the right call on the AM to go short, but that 9.49 print @ 1052 was wild. Clearly a case of locals hitting stops I think. Well, it took me out too - next time I'll pick a less obvious place to be stopped out. It stunned me for a while - if I had...

dbp this is a great thread. Thanks for the reference. I do have a few systems that I have built that work. They are EoD systems that are based on liquidity indicators. This is an interesting foray for me - I'm hoping it does not end in disaster. There must be something in this...

16:03 S @ 1049.25 STP 1052 The gap down was nice - wasn't expecting it. Thought we might see a nice 3 pt decay over the next few hours in the night session. Don't want to watch this overnight, so we'll aim to take profits at 1047.25.

Thanks Chris. Actually, I was inspired to try "intuitive" trading by something you said in an earlier post about how the human brain is the most powerful computer of all - you just have to believe it. I've been building models, so this is new territory for me. I think to make the...

:) Anyway - I don't really want to get into a discussion about my plan just quite yet, because it is not mechanical. I don't trade TA indicators and I don't trade moving averages. I just look at price and volume and if it looks good, I take the trade. I suppose I am trying to train my eye for...

Thanks for the advice. i had initially figured it would be a good place to store thoughts. Plan - yes. I am trying to trade reversals based on volume. No big secret that volume tends to mark reversal points. Everything is discretionary though. This is an experiment. Trading has been...

C @ 1048 -3pt Made some mistakes that I had corrected before but have recurred. Could be adjustment to journal. Will take 2pt hit home with me (after commissions) and ruminate.

... is instructive. Should have taken my exit signal right away. Hanging around for a better fill is not wise. 2 pts against me now and counting. Apologies if I sounded like I was trying to impress. Just setting some goals for the sake of setting goals. Not important to me who reads...

... at 1043.75 blast! should have used a market order when I got the right volume (4000)