thanks for your theoretical lesson, but this is exactly what I stated in my opening statement. I don't need more theory, I need practice and accountability, that's the reason for the journal. if you have any particular suggestions, do post them.
OMG, another blogger is telling me that having a journal is bad. care to elaborate why? what kind of harm are we talking about here? Some examples please, besides the expected insults (and I don't mean your post btw)
I'm planning to post daily summary anyway.
I have no idea where I got these numbers from for OR...
it's 1299.25 - 1304.25 = 5 points
still confusing signals.
lots of snow in North east, could be a choppy small range day after yesterday's run up.
staying on the sidelines for now. I find it difficult to just observe the market...
sold 4 es here @ 1302.
stop 1304.5 - just above daily high
target 1998
reason $tick finally got negative, NQ rejected YH ES has failed break out of OR
Although we do have a series of HH and HL on 5 min ES chart, so my selling could have been premature...
NQ broke out of the open range (why do I talk about NQ? because I look at it during the day for guidance), but stalled before reaching YH (yesterday's high).
And ES is stalled at the ORH(open range high)
NQ new low for the day, ES still in the opening range...
sell 2 ES at 1300, stop 1302.25, target 93.
why 2? lower probability trade. I'm not sure about it.
closed 2 at target 1302.5 because NQ seem to have stalled as well.
I need to work on patience with holding the winning trades longer.
We are above yesterday's close, if we stay here, next target yesterday's high 1306, but i'm flat for the moment.