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    Russell Rebalance

    I've seen every such session since the ER2 in 2004. Don't mistake one instance for a repeated pattern every year. Many of them are one total spider-doji whipsaw bar that's untradeable. Seen price before go both ways 10pts in fractions of a second... any orders placed would have slipped badly...
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    ES Journal - 2013

    When I post tidbits in here from time to time, none have anything to do with my individual prowess or guesswork or guru-savant gifts or anything personal-ego related. That type of stuff is just for guys who are dicking around with trading and not in business for the money first & last...
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    ES Journal - 2013

    it is a personal account... if it was sim, I'd have 50 or 100 showing I'm shifting my own personal trade management style to wider distance swings versus frenetic pieces. There are times when a +5pt trade (or two) comes back out for scratch or -1pt, too. Those are whole trades to other people...
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    ES Journal - 2013

    no, same for me but the others work equally well. It's not an exact-tick science, it is a universal law of price action zones. trumps all else intraday, stuff like MP and moving averages, etc are secondary
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    ES Journal - 2013

    +10.25 locked... following +8.25 short-side from this morning ES is a two-way street... a one-sided bias never pays :)
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    ES Journal - 2013

    if they crack 1567 right here, 71 is the first step towards 78 and then 86
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    Is day trading worth it?

    yes, yes... highly educated HFT pros like yourself keep busy with 5,000+ posts in a public message board, most of which are plagiarized photos of sports figures and 3rd-rate fast food. ** Now that we've dismissed the forum idiot posing as a real trader, why not ask this same question of...
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    ES Journal - 2013

    10:19:09 {austinp1} par stopped... off the long side 10:19:16 {austinp1} short or flat until otherwise noted
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    ES Journal - 2013

    10:07:07 {austinp1} long 1636 > stop 34.50 10:07:18 {austinp1} selling 33.50 zone and down
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    Setting up an ES trading plan

    That of course is the "systematic" way of thinking... which is fine, and you already pointed out the mental pitfalls. A different way of thinking is this... Out of all 250 sessions traded per year, you come to find out that your cumulative daily average is +2pts ES. You finished the year...
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    CL Redux

    Now all that exists are 0 to 1 algo-spike or slam bursts of price movement, followed by endless hours of unbroken, tight-range chop per trading day. / Catch some of that lone move and you made money. Miss for any reason, and you'll stare blankly at dead charts for the remainder. well now it...
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    CL Redux

    which timeframe takes you from shitty trader to highly profitable daily with this consistent price inaction? Do tell. And show.
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    Setting up an ES trading plan

    yup... that is the common misconception. Now here is reality in the trenches. If you take +/- 250 trading sessions per calendar year and blend results, it will look something like this... 33% of days you will end the session near equity peak 33% of days you will end the session in middle of...
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    Do you have a profitable NON SCALPING Strategy?

    #1 no you haven't, you are the one full of shit here. #2 such offers are less than worthless. how can anyone else overcome your complete lack of discipline, lack of self-control or total absence of work ethic necessary to succeed in this demanding profession? If you are provided a solid...
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    Setting up an ES trading plan

    Without knowing the specifics of your personal trading approach, no one can really nail down details on exactly what you should do. But I'll try to give some general advice to help :) CL has abruptly gone from being the most dynamic popular trading symbol to the persistently deadest of...
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    CL Redux

    Those days of 300-cent ranges with multiple oscillations to trade are long gone, done and over with. Now all that exists are 0 to 1 algo-spike or slam bursts of price movement, followed by endless hours of unbroken, tight-range chop per trading day. Leaked reports, who knows what when, what...
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    Trader P/L 2013

    well, it's not exactly real money... but if I do my part properly, it might be in the end :) I've turned a few TST combines in the past with mixed results. When I'm focused, attentive and disciplined, results are good as one would expect. But invariably I lapsed focus & discipline inside the...
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    CME Good Friday closed

    in a perfect world, markets would only be open Mon - Wed all the time, and we'd enjoy a four-day weekend to spend the money and enjoy life away from work :cool:
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    CL Redux

    Looks more like a "Hell Yeah, Free Money!!!" type pattern to me :cool:
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    CL Redux

    There is no "same time" legging in and out of different contracts on different exchanges unless it is a single-pair symbol... turned as one single trade. Nor is there such a thing as guaranteed "quiet time" in crude oil. Legging into a spread ignores the trend bias of one side... you expect...
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