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Just my reversal setup at S/R if it yields a minimum of 2 pt. I just want to keep tallying to see if there is some hotzone for them. These are all bogus hindsights... I took only one trade today. :D

1-11-2006 reversal review: S for setup 9:49 S 10:23 10:57 S 11:41 S 12:54 1:16 S Trend Tally: #days = 1 Time #Reversals #Setups 10:00 1 1 10:30 1 0 11:00 1 1 11:45 1 1 1:00 1...

Scaling in and scaling out basically means you are not trading the optimal system and are diversifying into multiple systems of different entries and exits. I know a few good traders claiming it is THE way to trade and manage the psychology. But I would like to say it is a common fallacy to...

I scalp ES reversal intraday. I found the opening and the first part of the morning (9:30-10:30 am) to be particularly productive due to the volatility. Kevin Haggerty said 90% of the time there is a reversal and 60% of the time the market reverse back the other way. I don't really look for...

Michelle Williams?? P.S. Hillary Clinton beats them all in terms of performance. :D http://www.commodex.com/Hot_Story/Hillary.htm

Thanks Walter. I am gonna close this journal and build it up at its and my own time. Thanks everybody. Good trading to all! Dear Moderator, Please close this journal. Thanks. Regards, William

It was from a Singapore friend. We all follow Tibetan Buddhism but this event is pertaining to Indian Astrology I think. I think my wife said something about the nine planets lining up or something yesterday. Today they are dispersing which makes it a good day. I took a second look at the...

If anybody has any suggestion on increasing motivation, please help. Thanks.

I am gonna start the first week of the year slowly and stop here. Got to go to old college buddies' twins' birthday party tomorrow and don't want to show up with a sour face. I might be a little off balance after watching the trade goes my way and I did not trust my intuition. It was an...

Man... I missed the express train :(

Short at 1287.50 at the open Cover at 1285.50. +2 pt I was a bit anxious because the implied volatility level lines up otherwise could have a better entry. I also gave the stop a little more room. I was gonna try ride it but don't want to deviate from my plan.

I read something similar. That smells like a bunch of cattles. Trust me. I am Chinese. When I was nine years old in Hong Kong, my school asked us to do artworks in celebrating the concept of time being very precious. I could not believe my class copied exactly what the older class did. I...

There were no confirmation in the few setups appeared. My wife just told me her friend just told her there is some kind of bad astrological event today... something about the 9 planets. :D I am done for the day because I haven't had enough sleep for the past two days. Gonna stay home and...

9:42 Sold 1281.75 Cover 1279.75 +2pt Not the best setup but it worked out. I am gonna go slow today.

Oh good... :) Market moves geometrically... Static S/R levels are a bit limiting.

Sounds like you are using floor trader's pivots? How well do they work? The only static levels I look at are the implied volatility bands (admittedly price returns are not normally distributed). They give me a zone sometimes but not an entry.

Hi K-Rock, IMHO, there is one and only one thing that will break a reversal trader and that is HELL DAY. Therefore it is my ONLY task... more important than ANYTHING else... to keep that from happening. I absolutely limit the number of losers in any given day. I have to remind myself of...

Missed the top... I don't know why... not enough sleep? Short at 1277.75 cover at 1275. +2.75pt Took the trade due to pattern failure near the opening range. Ride it a long time while letting go 2 pt profit and then some in the middle... too long... never do it again. If it pierces...

"With discipline... you will be all right even with an OK system." I think Mark Fisher said something like that. Turtle wins the race.

10:03 Short @ 1278.75 Stopped at 1279.75 -1 pt 10:24 Short @ 1279.75 Cover at 1277.50 +2.25 pt I saw another same setup at different price right after I got stopped out. The 10:03 entry at 1279.25 was just too fast for me, otherwise it would work out. +1.25 pt