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ER, the same reason that had me out of the previous trade, had me wanting to go long @ 1314.50 again. I avoided it because of the choppy market profile at the time, and the proximity to supper time. In hindsight, it would have been a safe entry. Take a look at what ER was doing while ES was...

Here's a screen capture of my desktop. In order to capture, I booted up Irfan View as well. And I forgot, I also run Virtual Daemon Manager.

Pabst, My laptop is also (supposedly) a p3 800. In fact I think it's only 666 (645/128 according to /cp/system--I bought it off Ebay as an 800, and remember having some discussion with the seller in which he tried to prove it was an 800 -- "don't look at that look at this" kind of thing...

Sold 10 @ 1314.50. Total profit on trade (incl. extra 5): $1,000 even. Here's that ER chart to which I referred: <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1057613">

Here's the scoop. While the ES price action at this point is telling me to stay in the trade, ER has had 3 down candles in a row (5 min). If it can't put in an up candle by 11:55, I'm exiting.

Still in the trade. Almost bailed @ 1312.25, but the following chart, with that "little blue dot" (surrounded by red circle) kept me in the trade. It signals a (potential) change in trend. Added another 5 @ 1313.50 after the bounce from the low, and took the profits on those 4 @ 1315.00...

Long 10 ES 1313.25

Illiquid, Just accidentaly deleted my reply to your post while trying to attach a chart. I'll try again, in short: Short-term day-traders (even if they purport to follow the short-term trend like I do) must be ready to admit and recognize the change of trend as it's happening. The key word...

I choose not to keep huge amounts of cash in my trading account. If the need would arise (this has happened before), and I took numerous consecutive losses, I would have no problem depositing more money in my account. As I said, keeping it relatively low keeps me sharper, and saves me from the...

Bought 5 ES @ 1311.50 :) Couldn't resist going to eat supper with my family. :)

Illiquid, thanks for the interest. Recently, I have found that I would have been better served (at least when trading the equity indices) to pretend that (in a sense) no trading has ever taken place before today -- i.e. to approach each day as its own entity. This was not always the case, and...

Short 5 ES @ 1312.50

After I exited, ES continued to fall, without me. Them's the breaks (still awaiting important phone call).

Would likely have held on to that trade for longer, but I am presently anticipating an interruption (important phone call that can't be pushed off) and don't want to be in the market when it happens. Profit on last trade: $687.50. Profit on day: $1587.50 . If you were watching the price...

Bought 15 ES @ 1312.00

Went short 10:23. ET time stamp is seriously off (4 to 5 minutes). Don't know why it can't sync with an internet atomic clock, if my computer seems to do so seemlesssly. Check it yourself. At the beginning of my journal, I used to post the exact time I entered each trade, but I found this too...

Short 5 ES @ 1313.75 Adding to previous short.

Short 10 ES @ 1312.50

Profit on last trade: $600 (I don't deserve it). Profit on day: $900

Better late getting on board with this Euro short, than never. Earlier, I shorted 3 ER @ 770.60, and exited at 768.60. (I was watching the market too closely at that time to post my entry real-time.) Profit on that trade: $600. Total for today: $300. You may be wondering why I once...