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That 60min bar looking quite strong for a reversal. Certainly some value at 1356 so might see price gravitate to that region before getting blasted back down. Im still long as i have to stick to the plan, would like to have scaled out at +5 but not to be with only the 1 contract on. If we get...

Your right my friend, i thought because i would be away from the station as i had to pop out that i would put entry to get my in the trade and have a wider stop. Very bad trading as i should have waited for the zone to hold. Your right, trendlines offer amazing risk to reward as you know when...

Sitting right on the 60min trendline now, lets see if this holds - i may position another long. Only swing position - however not looking good. Sidelines for now

Well im not very happy because i left a limit buy at 1344 which was very conservative, i should have left this is at 1342 as i was away from the station. Filled at 1344 - not very happy with that at all. Wider stop due to different strategy play. Lets see what happend, still has not...

I am hoping to add a 3rd account which will be very much longer term - again still trading futures. These are my major zones on the daily chart - you can actually see how we are coiling into a triangle right now (not drawn lines on chart). Daily is in a downtrend, i feel we are in a bear...

Here is a pic of the 60min

New day, don't really know what to expect today. I am looking at the 1342-1345 as nice buy zone. The zone looks strong on the 60min chart and the 15min chart. However, it will be in the face of the inverse head and shoulders forming. If we can get to the 42-45 region i will most likely be...

Just going over my 3rd entry today, i see it was bad odds play for me to go long. My major pivot resistance line was not broken and downtrend line was still intact. Also, moves was roughly 10 points (rules of 10). Also, moves like that when price just keeps going up without any...

A few adjustments to the trendline, which was actually still valid and the fact that consolidation had completed 5 waves which i find often adds some probability to the move. The target was based on resistance which i previously stated at a fib projection. Entry was at 1356.75

Here is the chart:

Just want to show a visual of why i took my first entry at 1355.50, even though i was stopped out at 1357. I base my entries on trend and price action. Trend was down, clear Lower Lows and Higher Lows. I was looking for shorts. Minor trendline was down and it intersects with the minor up...

Thank you for the encouragement and kind words. Good trading to you.

Your right, a daytrader should make money nearly everday. I am not comfortable picking tops and bottoms buts thats just my style, im more of a trend follower. I hate indicators and will never use one, i see no way that they can predict where the market is going to go when price is probably...

Not a great day but not bad. Only 3 trades with 2 losers and winner. Net 5.75 ES points = $287.50 Missed 2 trades based on my plan but all others were following the plan so happy.

Long here at 56.50, target is 63. Tight stop as per usual. Stopped at 55.

Support zone held meaning trend still up on 60 min chart. May look for one more short if we can get to 61-62. Otherwise sidelines until i see a decent low risk long entry.

Market is vunerable right now. 60 min chart still in uptrend, but could change rapidly. Look at those financial - boy do they get battered. I like to use time, price and volume in my trading and im seeing a lot of value in the 60s. It might get back above the 60s today if they cant break...

Much appreciated. I'm going to be brutally honest in this journal and i guess readers can see what a trader feels like when mistakes are being made. I'm not a great trader, my analysis is often good but i get what they call analysis paralysis and often fail to make the right trade. Still...

Would love to get another low, value is higher. I guess they blasted the stops with the big down bar from 51-47. Sidelines till i can get nice low risk entry.

Great trade closing out at 48 for +8.75 pts. Would love to hold longer but that was my target so sticking to the plan.