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It's alright. I don't really have a trade but I just know this market is a little oversold (volatility revert to the mean) so there is likely a reaction. I got two sets of technical work going... It's up. It's down... :confused:

There could be some support forming but I learned my lesson.

I am gonna do another two days' of grinding hell. I will still try to take as many trades as I can. IN THEORY, there were a lot of opportunities on the first day. The big swing in the second day, threw me off a bit but actually there are clear way to catch them if I apply my works on the...

Thanks. Food for thought. That would boil down to one trade for me today which I stopped myself out...

Actually the problem is I broke my plan. In my first post, I said I will let go of all profit and then some on my trade until it hit my target. I did not do it this morning because I don't want to look stupid. Otherwise it would be an even day.

Half of my stuff (support/resistance) does not work. Nothing is really forming when the market moves lower and I start imagining things. This is what happen when you started using market geometry. Your eyes started making things happen. The other half of my technicals works like a charm but...

I don't trade after 3:30 pm. So another -2 pt day. Good luck guys. P.S. I cheated a little at the end. That's OK right? There is half a setup but is all poked thru near the relative high.

Bought at 1181.25. With my luck I am scalping. -2 pt.

Sold 1182.25

Actually I thought most people are trend traders :confused:

Thanks. Actually the market looks weaker than this morning. I have no signal so I am just gonna sit and stick with my losing plan.

I think you are right the market is weak. But I am just trying to scalp when price hit my lines while other technical works line up. Today, there is no clear formation on the way down. I started imagining stuff. Maybe it is just chops. But I don't trade "prevailing" trend.

I am not. You trade the trend and I trade reaction to my levels. If everybody is trend trader, you think you would have a winning trade. I am your bread and butter. P.S. BTW if this moves back up, it had nothing to do with the rubber band trade. I don't know what it is.

No, all lines and that is how I get into trouble... started imagining things. I would scratch the trade if I am not doing this journal thing.

Nah didn't work out either. -3 pt.

It poke through my premise but let's see.

Bought at 1180.25

No lagging indicators. No Fibonacci or TICK. Actually when I was backtesting TICK some time ago. I find extreme TICK is not necessary a reversal rather a pending trend. I've never really meet Mark Cook and I am not sure how he makes all this money.

I think my brain is fried. I am gonna get lunch because my wife is not cooking.

I will keep that in mind. Seriously. I might be retooling this stuff after these 5 days.