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This is far from "impressive". Once in a while I would have a really bad day with large loss which would wipe out my several days' accumulated small gains. Reasons were simple, I didn't stick to my trading rules. I have done some analysis of my past few months trading history. I noticed the...

5-18-2010 Total trades: 2 RTs(ES) winner: 2 net p/L: 2.5 pts ES was moving inside a well defined down trend channel. I was able to trade from 11:30 to 1pm. At 11:49, I went long seeing price hit lower 75% channel line and bounced. This was second bottom afetr 11 am's reverse with heavy...

5-17-2010 Total trades: 2 RTs (ES) winner: 2 net p/l: 1.75 I saw climax volume on ESat 12 noon and price overshoot over accelerated down trend channel. Some reasonable reverse bar formed near 12:05. I went long at 1117.25 at 12:15 (stop 1115.50, original target 1119)when price broke out...

5-14-2010 Total trades: 2 RTs (ES) winner: 2 net p/l: 1.75 pts I thought selling was probably done by 12 noon. I went long at 1128.5 around 12:35 (breakout of down trend channel and small throwback). I was a bit nervous and didn't give enough time for the trade to work out. I went long...

5-13-2010 total trades: 4 winner: 3 wash: 1 net p/L: 2.25 pts I did several scalps from long side between 12 to 1:50pm. The price movements between that time frame was a bit choppy and could be considered laborious. I was expecting a consolidation day today after yesterday's run. The...

5-12-2010 Total trades: 5 RTs (ES) winner: 2 loser: 3 net p/l: 2 pts I entered several shorts between 12:30 to 12:50. The price didn't go down as I would expect and then I realized it was doing some consolidation and next breakout could be retest intraday high at 11. I got out before my...

5-11-2010 Total trades: 10 RTs winner: 4 loser 6 net p/L: 0.75 pt Today was an experimental day for me. I thought I could use 1-2 min chart to improve my decision time. I did see many setups with lower time frame, but forces at higher time frame causes these signals in lower time frame...

Thank you NoDoji. I realize that winning/losing has nothing to do with market and it has everything to do with the trader. I also believe if it is done right, money can be made from market (not a random process in its nature). This has kept me working on my trading.

I've revised my day trading plan over the weekend. I'd like to post them here from time to time so when I look back someday I would be able to see how my trading plan has evolved. As a novice trader, I can see many could be easily intimidated by other traders in the forum. I was not talking...

5-10-2010 total trades: 3RTs (ES) winner: 2 loser:1 net p/L: 1.5 pts During today's regular hour, price was forming a giant bull flag. I've drawn slight down sloped channel from open to 12 noon swing high and 10:45 swing low. The swing low at 1:15 and 2pm were hitting the lower channel...

5-7-2010 Total trades: 3 RTs (ES) winner: 3 net p/l: 4.5 pts I started around 1pm. Went long at 1:30 when price broke the mini supply line with 3rd attempt. waited for breakout and throwback. Long 1113.25 and out at 1115.75. The other two were short play. Price went above 20 bar MA...

It was interesting that May 6 turned out to be some reverse day according to some cycle study. Today is a rare day in US stock history. To fully capitaize on such event is not easy. In a large picture, the market might be forming a multi-top inverted expanding triangle. 1050 could be retested...

5-6-2010 Total trades: 6 RTs ES winner: 2 loser: 4 net p/l: -2.25 pts I entered one wrong trade and covered at market order losing 1 pt. largest losing trade: -1.75pts. largest winning trade: 2pts I stopped trading at 1:55 after the last bottom pick stopped out. After 6 trades and...

5-5-2010 Total trades: 3 RTs (ES) winner: 2 loser: 1 net p/l: 1.25 pts ES made new intraday low in the morning and found some support near 1155. The bounce from 1155 was quite choppy with wide range bars. 1172.50 was a resistance level from yesterday. ES made intraday high at 1173 near...

5-4-2010 total trades: 2 RTs (ES) winner: 1 loser: 1 net p/l: 0.25 pts Due to my work schedule, I didn't have chance to make any trade yesterday. Today DOW dropped >250 pts when I got to my desk around 12 noon (ET). I was able to make a few trades between 12 to 2pm. The price was...

Thank you for stopping by and sharing your trading experience. I have to confess that I did one trade of ES today. Around 1:13, I saw selling was a little exhausted after second leg down. On 5 min chart, the second down leg looked like a small falling wedge. I went long at 1189.5 (88.75 stop)...

4-29-2010 Today is one of those days I should not forget easily. Almost everything went wrong with me. There were something at work that needed my full attention. Certainly it was not an excuse, but I should have stayed out of trading when I could not really keep calm and clear mind and focused...

4-28-2010 Another observation. SPX has made higher high and lower low since April 15th. It could be potential broadening top/expanding triangle pattern. It might reach intermediate-term top after price makes another higher high within next 8-10 calendar days (May 6th?). May 6th was also...

4-28-2010 FOMC day, no trading 1 hour prior to 2:15 and 30 minutes after 2:15. My experimence was there was no committment from either side one hour before the rate decision announcement (extreme tight price range with dried up volumes). Price often become extremely volatile shortly after 2:15...

4-27-2010 Another observation regarding price action. Around 1-2pm, NQ formed a mini-double top after retracement. Price broke 2018.5 neckline an dthe bearflag trendline around 2pm. From 2to 2:30, price was hovering near the previous resistance level 2017 with tight price bar and dried vol...