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I don't feel I should trade today. I'll just relax this morning, I got the book Mind over the Markets on Market Profile (there is a good thread http://www.elitetrader.com/vb/showthread.php?thread=63202] here about that) , I'll take a look at it in a starbucks shop and go to work in the...

Buy1Sell2, I don't have the patience for longer time frames. As most traders, I started with buy and hold strategy. My first trade was in march 2000 :confused: After losing a ton of money, I switched to intermediate then to swing trading stocks long side only; I run most of the bear market...

No trading today.

Often Pivots coincide with high/Low of one or two todays ago. That's where they get their credibility I think; the rest is self fulfilling prophecy.

Buy1Sell2, Are you on Atkins diet ? :D I barely understand what spreads are, let alone live cattle. Best of luck.

Mark, Friday was an exception for me. Usually I don't drink at all during week days. I shouldn't have traded at all in an impaired state. As you pointed out in your post, the more serious reasons are probably the lack of * Proper Sleep * Plenty of Exercise (real exercise) I don't...

The only things I am proud of so far are: taking my losses, and not having a bias on the market, I respect it. I switch from short to long very easily. My nightmare is still poor execution, and patience. Today trades:

Shorted at 1271.75 (it should have been at 272.25) target 1268.25 stop ate 1274.75. CCI divergence, overbought, keltner channels as resistance (almost a la NPP no_pm_please). Closed it at 1271. I needed that and all the resistance of this morning is becoming support right now. It is not...

bought at 1272.5 target 75.5 risking 2 pts 1270.5. Closed the trade at 1273. I need to take a deep breath and clear up my mind. Total: 6 pts loss Number Trades: 11 trades Largest Win: 2 pts Largest Loss: 3 pts

I just can't find any reason why I shorted. Probably self sabotage that might explain it, otherwise I can't see anything else. No overbought, no divergence, ER is roaring, volatility broke down. Go figure!!! I missed the long setup this morning, that was a hit to my mental. It seems like I...

shorted at 1268 3 points target and 3 pts stop max. The market looks weak and I can't wait for the 60 period ema to be hit. Closed at 1270.25 for 2.25 loss. Once again poor execution. This is where I should short when there is a good setup, but too impatient. Fortunately I saved 0.75pts...

I think the price will go kiss the 60 period ema, before it retraces on the 5 minutes chart. That would be a great short opportunity as many resistance line up.

There is a potential long trade here at 1265.25, but needs to be confirmed by YM. We need a green candle with higher high and higher low. Wow, YM got me. It run to much higher to enter a trade here, the risk reward ratio is not that great anymore. Patience.

Today no trading before 10:15, until everybody has made his mind about the economic data. There is a clear support at 1264-1262.5 next is 1258.5 then the bottom of this rally at 1251.5-53.5. There is a lot of resistance: the first a 1270.5 the the most important one is at 1276.5.

After taking a deep look at the charts of YM, I'm adding YM to my screen. Everything has to be confirmed by YM otherwise no trade. This morning for instance there was a CCI divergence in ES for a long trade but not on YM. YM seems to be really the king. Overwhelmingly trades confirmed by YM were...

Buy1Sell2, Did you cover your short or still open? Could yo be more specific on the way you use overbought and oversold on 60 min charts? When I looked at it last time, the stochastic seems to stay in overbought/oversold for quite a long time before there is a reversal.

That's true. That's why I count the number of trades. Right now I just trade one contract, well as long as the method is not successful. You can say I'm down exactly: $255.7 Today screwed my mental big time. I had the picture of the day in my hands but I executed very poorly. Sometimes one...

closed the trade at 1273.5. Which doesn't make sense but I started the day very badly, I needed to have a winner. I have to go to work this afternoon, so that's it for today. A little bit of patience would have resulted in a positive day. Now three negative days in a row, that's something...

stopped out at 1276.5. Worse I kept my short at 1275.5 for 3 pts target and 3 pts stop. I knew that there is always a counter trend mid-day. All I had to do is wait, but... Let's pray that the short at 1275.5 is going to work. Total: 6.25 pts loss Number trades: 8 trades. Largest Loss: 3...

Too impatient. Shorted at 1273.5 for 3 pts target and 3 pts stop loss.