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I think a lot of traders fail because they care only about win ratios - this basically shows them that they are right because they have a good win ratio. However, the delude to the fact that their gains are often minuscule compared to their risk. I care not of win ratio as i have my system...

Don't pay attention to RSI - probably another useless indicator imo - i do realise overnight GAP but strongest downtrend days rarely fill the gap. It often breaks much lower straight from the open or they try a partial fill before more shorts come on board. I don't like having too much...

Holding this SOB - would be demoralising for me if this turns against me now and stops me out :D Still needs to break this overnight low if we going to head down any further.

Trying another shortie here. Shorted again at 73.50 - tight stop. I should have waited for that 75 level to be tested before getting short here. Most likely be punished for my lack of patience.

Stopped on this at 72.75 for -1.

Weakness will be indicated by only partial Gap fill before breaking. Lets see what happens at 75-76. I will try my best to go with trend today as much as i can unless its a very choppy day.

That did not move much in my favour. Expect to be stopped during RTH. Still holding it however. Will try to prey on any weakness today.

Ideally a perfect short would have been at the 76 region today. I think bulls still may be strong. A break below 64 today would be a big tip in strength back to the old bears who have probably been licking their wounds as of late. I wonder how many Bears have stops above that 1400 level...

Has to stay below that 73 region if this is going to be a big move. Otherwise i expect a drag back to value region. They say never to fade a break from balance so i am simply trying to go with it here. Still high chance that we get back to 83 zone but the reward for going with the shorts on...

On a minor downtrend on the 60min . I guess that 5 wave moved followed by the ABC was perfect for elliot wave boys. Im seeing a break from balance here which often means nice trending day. Im short at 71.75 to try to jump on the weakness here.

Noooo i want them all :D :D I'm relatively happy with the fact that i did not at least try to increase size and the fact i have shutdown the system. This way in the long run i will hopefully give back less gains than i make. I hope things are going much better for you Honda. I'm sitting...

7x7 ES traded today. -8.75 ES points -$471.10 Worst day this month, was completely out of sync with market today. Will come back at it tomorrow. Good trading to everyone reading. I hope any newbies watching saw what not to do when your trading badly on my experience today. :D

Wowser out for -2. Done for the day. Terrible trading today.

Out at 81 for -1. No worries on to the next one. Last trade of the day - as im not feeling good about my trading at all today. Trying a long here at 79.

Took a shot at a long here 82. If it does not bounce here then the only next place i see a bounce is off the intra-day trend-line.

Is this move down a fakeout before blasting higher. Will be watching this zone very carefully and maybe looking to get long here. Only problem with further rallying is that the 60min has completed a 5wave move. Could this be the ABC retrace - I'm personally not much of an elliottician but I'm...

Thanks for the sound advice RSX, the reason why my day-trade account is based on small little losses and the occasional big winner is because all my confluence trades on longer term charts are taken in my swing account. I employ 2 different strategies, each has their own merits, my swing...

Out even :mad:

Long 85. Target is 93-94. Going to make this stop extra tight. They might take down to 81-82 before heading for higher levels. Atleast this trade was based on an actual play :D

I think your right Wrongside. But my trading has been especially bad today as 2 out of my 4 trades were impulse trades. Not even based on an actual plays - completely against the intraday trend. I will try to keep my composure and trade more patiently now and try to nail that big move -...