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Sometimes this is the problem with only using 1 contract. I should have scaled out 1 at 53.25 region and left the others on. Hence, i will guarantee a winner. But i have to stick to the plan and only way i will win in long run is stick to the R:R i have set myself. Stop now moved to...

Back short again at 57 still 49 target. However, may close out at 54. Sorry got that slightly wrong was actually filled at 56.75. Tight stop now.

Short at 1355.50. Very tight stop and 1349 target. Low probability trade but its part of the plan so has too be followed with consistency. 40% win ratio would be great for my plan. Not good start stopped at 1357.

Back from training. Looks like i missed i nice short at 61 resistance. Odds favour the short side so if we can get it back up there i might take a shot. Otherwise we coming up to some nice support at the 50s, could take us back up to 60s. 48-50 looking like nice support zone. Lets see...

Value is certainly higher right now. Does not seem to have power to be a trend day so might be a good buy if we can get lower to the 50 region. Otherwise i will be looking at 63 as good short zone if we can get up there. My stastically worst time of the day now from 12 - 1.30pm i simply...

One thing i recognised which makes me close out a big position straight away is when i start getting hot and angry at the market for not moving in my direction. You can literally feel the heat! When i see the loss that can be incurred from the result of large position i rarely focus on...

Wanna see this bounce back 62 so maybe i can get a peice of a short. Again thses are just random thoughts as the day progresses, nothing set in stone.

Well i understand your point, i am not a risk averse person but from my trading mistakes i realised that when i trade to big i am uncomfortable in my position and then don't have a clear head to analyze the markets to see what really happening. If your basically focusing on your PnL with your...

Price right into value zone, many buyers in this zone so nice retrace from here. I sometimes wonder if financials really do lead the way. Everytime financials are tanking the ES finds it very hard to stay above water. That is one sector i really like to check during the day.

Sometimes fib numbers and resistance zones work very well together. That Fib 161.80% projection nailed that 71 high which was also resistance zone on 60 min chart i displayed. Wedge breakdowns are usually my favourite patterns if any. Minor trend is now down so let see if we can get a play...

Inverse head and shoulder on 15 min chart. Personally i don't like playing patterns but also with wedge breakdown, expecting a move to atleast yesterdays and tuesdays value zone 55-58. Want to see how price reacts to 63-64 which should be decent resistence now. Lets see if this broadening...

That used to be my main problem, thinking i have to register the $$$$ everyday, so taking plays which did not confirm - sometime sthey went well and you get some nice action but in the long run you are destined to lose if you keep getting involved in chop. As of now i try to only trade is a...

Trendline held and 60 min forming bullish hammer. However, im not playing this just yet, waiting for a decent entry or higher probability trade. Right now im not seeing any trend just a weak LL and no weak HH. Sidelines till i get a play.

Getting bearish now, but still waiting for Ben to talk at 10 before getting in on any positions. 60 min bar looking very bearish as of now. And breakdown from the wedge not yet confirmed. Again im not worried about missing any move as im more concerned with executing my plan fully. My...

I won't be playing the news announcement because i have to pop out for awhile. I don't usually play news announcements but if we get a significant move in one direction then i like to jump in with the trend with a swing position. If its only a minor volatility expansion then expect to fade the...

Even though my daily chart is showing considerable upside till we reach atleast 1400 again my 15 min chart gettin me a bit nervous. Wedge is being formed with clear 5 wave, and hitting right into resistence. The catalyst for the downward break could be the Intial Claims coming out today...

Here is chart :

Okay new day, lets start with some analysis to get the thought process clear. Looking at my 60min analysis, price has reached my first target of 1370 from the bounce of the lower resistence. Its a shame i did not hold my swing position to my 1st tgt instead getting rid at 1358 (1330entry -...

Nice blog - thanks for the link. I agree completely and i have started to feel trading with my system is about 70% psychology, 25% money management and 5% actual skill. I might be exaggerating slightly but sometimes the analysis is often the easiest part of trading.

No charts today as i have just started the journal. Tomorrow i will have updates and try to list my trades in real time (i may be late in posting actual entries) please do not think i am tricking anyone its just my method requires quick anticipation and entries. I rarely have entries waiting...