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  1. E

    ES Journal - 2014

    I'm on break until the 2pm volatility. Currently have some bad eye strain.
  2. E

    ES Journal - 2014

    Need more opens like this. Thankful for the volatility
  3. E

    ES Journal - 2014

    Looks like there's plenty of buying to me. Downtrend isn't very strong. Lots of buying on the way down
  4. E

    ES Journal - 2014

    Maybe to learn a lesson in humility
  5. E

    ES Journal - 2014

    Keep up the good work !
  6. E

    ES Journal - 2014

    The correct grammar is "loosen" :p
  7. E

    ES Journal - 2014

    Well Iraq lost control of its second largest city. Does that count ? :D
  8. E

    ES Journal - 2014

    Really weird action. This is the sort of weakness where gap downs end up continuing to push down. Instead there's just nothing going on. In all my years of trading, I've never seen a gap down behave like this it's pretty obvious what happened. Weak push up, followed by what should have been a...
  9. E

    ES Journal - 2014

    brevity is the wisdom of the soul. Post less, focus more
  10. E

    ES Journal - 2014

    I don't prefer trends actually. I will trade them, but they aren't my bread and butter
  11. E

    ES Journal - 2014

    Those that can trade anything, will NOT trade this
  12. E

    ES Journal - 2014

    Which is exactly why I've stopped daytrading the ES until we get at least 1 down day and the price action changes substantially. 2 tick ranged 5 minute bars are being traded only by the naive. In daytrading, we trade market inefficiencies no matter how small or large the time frame. Low...
  13. E

    ES Journal - 2014

    1 or 2 more legs down would convince me of a switch in supply and demand.....supply firmly in control. Until then, I sit and watch the struggle between both sides
  14. E

    Continue or Bin it?

    U can become consistent in trading with charts although it's not the only way. It takes years of studying how a market moves to get good at it. My advice to u is to stop trading, and choose a market u want to master and study years of past charts with no intention other than observation. Flip...
  15. E

    Continue or Bin it?

    What I've learned is a good ES strategy will also work on other markets. Trend lines are only a confirmation tool, and should never be used as an entry IMO. There's no edge in trend lines that I ever saw. Once I got good at trading ES, i was able to move this strategy over to other markets...
  16. E

    ES Journal - 2014

    While I have plenty of long positions in my retirement accounts, I will not be daytrading this market again until we have at least 1 bearish day. They have successfully killed the ES market for right now. Edit: If ES rolls over today, that will suffice too but that's a longshot
  17. E

    ES Journal - 2014

    For those that are hunting for market tops, just a possible scenario. If we can close somewhat near this level, and Friday closes near today's open, on the daily chart, this will be the momentum necessary to see some downward pressure in the coming weeks. It would be a nice blow off top...
  18. E

    ES Journal - 2014

    When u see volatile quick turns one way then the other, it indicates uncertainty. Uncertainty is a day traders best friend bc once the wrestling is completed, and there is a clear winner, there's always a quick fear based trend with little pullback. The morning 10:05ish est downtrend was an...
  19. E

    ES Journal - 2014

    What did u find erratic about it ?
  20. E

    ES Journal - 2014

    Why take profit when the market continuously goes higher ?
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