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What I meant by an outlier is a trade that is not in your plan, but in your vehicle you trade, you see it developing, and take it anyway. ie, your plan is buying dips on an up-trend, and selling rally's in a down trend and you end up chasing a market. The chasing (bad example) would be...

I was really tempted to jump on the ES train as it headed south this morning. BUT, that kind of trade is not in my program at this time. My question to all those staunch system traders out there, even to those that mix in a little discretion... How do you handle outlier trades? Do you...

Everyone's gone. Saw the break up, but wasn't quite sure of the direction. Trade 6 - Entered a little late, but wanted to be cautious. Exited a little soon, but gain of 1.75. Phone rang, missed the settup right after I got out, and the next one. Dang. Thought that was it for the...

Sore after walk/run (42:15). Didn't know if the Day Session gap was gonna be filled today or not. Thought it would be. Morning range narrowing, then the 10:00 numbers (9:45) must not have been good and the carnage began. As wild says, "doom & gloom ahead". Watching it go down. My old...

Daily Range (DR) - 32 pts. Intraday Travel Range (ITR) - 88 pts.* *note: not whopping. 2-2.5 times DR I consider normal. 3 times DR is huge. 4 times DR is whopping/wonder. 5 times is a miracle:D

IB, eSignal, Advanced Get RT, very, welcome

Basic retracements of a trend. I don't trade the moving averages, just have them up to see what others are doing.

While I was writing my journal, I noticed the many opportunities I have to trade my specific setup during the day, and didn't for whatever reason. I went back this week and counted them. I counted all setups (just the ones I didn't trade), without looking forward to see how they would have...

PM Trades Trade 3 - End of the day. Broke down sharply. Made a little "wiggle" between 1013 and 1012.5. Jumped in, and held thru another retracement of 1 pt. Good entrance given the situation, good exit, although I could have squeezed out another half point, but didn't want to get caught...

Felt good this morning. Another PB of 39:41 IB sent a notice that all new positions should be in the U contract. Wasn't sure how the change in contracts was gonna work. Switched back and forth from M to U. After a few minutes, it was obvious from the difference in volume where to trade...

Daily trading - 17 pts Intraday travel range - 52 pts

Afternoon Trades Watched during lunch the retracement. Market made a higher low. That is where I should have jumped on, but didn't. Making lunch for J and my baby coming home. Trade 4 - Wasn't gonna chase this thing. Waiting for some kind of consolidation, but none came. Things slowed...

Can't attach a file in the edit mode!

Felt good this morning. Got enough sleep, and had a good walk/run, set another personal best (42:39) Morning Trades Trade 1 -Double tap of the bottom of the morning range, went thru the top. HH and HL from there. Waited for the retrace (62%), but was a little slow getting in. Got out a...

Todays Ranges Daily Range was 20 pts, but the intraday travel range was a whopping 80 pts. The graphs are brought to you today by MWSnap. MWSnap, for all your screen shots.

Speaking of S/R. I know how to figure the daily pivot point, and the projected high and low. I can even figure out where the intraday s/r is after it has bounced off it a few times. How do the local figure the intraday points before the market opens? And, generally, do these intraday levels...

I use MA's but just for confirmation

Vulture Thank you for your posts. Both were just what I needed to hear at this time. If you look at my charts (use a magnifing glass) you see what I try to do is get in on the bounce, and ride it lower/higher. What I realized this morning is that I try to get short when the numbers are...

I am not Phantom, I am Son of Phantom:D

I think they say the same thing, I just use more words. Something I've always been guilty of.:)