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Staying away this afternoon because we are in a CONGESTION! I failed to pull the trigger on another trade today - buy the pull back to 94. Because I made money on my first trade this morning, I didn't want to risk loosing it.

out of last short. sell 99.5 - covered 95

1200 DOW defended for now and the selling seems to have exhausted itself. if it doesn't pick up soon, will close the remaining short.

normally I would have closed my full position there, but I'm trying to 'let my winners run' strategy. Plus this was only the first wave of selling, most likely Today's low has to be retested. So I'm trying to be patient.

new low for the day for all, ORL broken. OR today: 1301.25 - 1297.25= 4 points. closed 2 @95 after 100% of OR expansion was reached. keeping short 1 for 90 test of the gap.

btw, in retrospect my stop was too close, I should have had it at at days' high/PP. short again 3 @99.5 after the second pp rejection after the report, stop @1302. Eur/usd is tanking, should help drag ES lower, the odds of 2 congestion days in a row are very low.

I've started the day with not taking the trade from my set up. I wanted to buy @1297 around 9am for a gap fill and test of PP, but failed to pull the trigger. we are in a down trend now, marked by the series of LL and LH so I shorted 3 at 99 after PP was rejected with stop at 1300, but...

thanks everybody for commenting. as far as trading spy, it's the same as paper trading because very little money involved, my emotional response is totally different. It's the real money that cloud my judgment. And yes, I need to add trading during lunch and after a run up day to my...

thanks, for starters I want to figure out how to identify one. Have you tried the bands?

that's from ES journal ... Tuesday or Thursday has a high probability of reversing and touching green if it sells off.

Notes for February 3d: Reports are at 8:30 and 10 am. Ben speaks at 12:30. Violence in egypt escalates and USD is getting stronger -> market sells off after hours. It's a T-day.

Net P&L for today is + $164 Made money on my first trade of the day and lost most of it trading the congestion zone (8 loosing or break-even trades). Summary: I need to learn how to identify congestion time. Any advice? thanks. One way of looking at it is- after we got a LH, but...

OK, I agree, the change starts with me because the market is not going to change, so what do I need to change? What is your advice? you think I'm confrontational for the sake of confrontation? Many people posting here just want to pontificate and not offer any advice and I don't want them to...

I think it's my journal so I know what is my goal better. My goal is to learn. I haven't learned anything from Shagi posts. He told me not to trade in the congestion, I already knew that. And the point is not what he said, but how he said it, clearly being condescending. this is one example...

thanks. :) you've been so helpful!

may be you can help me out, you did volunteer your comments after all. How do you recognize a congested market? or was your only reason for posting is to make yourself feel better by insulting others?

If I had a crystal ball and knew this morning that today would be a congestion day I would have gone to the beach. Did you know since morning that today would be mostly 3 point day? yes, I made a few mistakes trading this congestion in the afternoon, but I didn't expect the whole day of...

out 2 1302.25, -5 point again. :( back in the congestion range. what a day ... going away from the screen again.

long 4 es @ 1302.75, stop 1301, target YH and then R1 possible. we broke through the high of the last 2 hours finally. and $tick and YM at new high for the day, but NQ and ES are not.

you are right, my question was sort of rhetorical, or course it doesn't have to. and it looks like it's not going to break today after all. but I'm not playing this congestion anymore until a clear trade emerges. the reason I was playing it to the downside was that we had a series or LH...