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Thoughts Trading using 5 min. bars was a bust yesterday. I couldn't develop any market feel at all. Today I'll be switching to 2 min. bars. Since the bond market closes early I'll only look for trades for a couple of hours. I'm going to skip trading on Friday with it being a short session.

Exit short 1053.00 I put in a limit order to exit because the market traded up to 1054. I expected immediate downturn and it didn't happen so I just wanted to exit when it weaked a bit.

Short @ 53.25

I must have a hybrid of J Trader. My screen says Pats System and doesn't look like the J-Trader screens.

No, Patssystem...sucks for daytrading

My decisions are based on instinct. I keep track of yesterday's high, low, and close to give me some idea of where we are today compared to yesterday. I tried support and resistance trading a few years ago using pivot points and chart patterns. I lost money so I gave up on it.

Thank you for the idea. If I plan on trading the emini next year I'll look into Xtrader. If I go forward and trade it next year I would expect to do 500-600 r/t's per-month.

Thoughts Yesterday I tried buying strength and exiting and/or shorting on weakness. Each time I got poor entries and exits. The only profitable trades were early in the day when the big move was being made. Last week I tried selling strength and buying weakness. It appears that even when the...

Thoughts Trade of day was to go long at open and hold until 4pm. Not much trading action intraday. Tomorrow I'll try using 5 min. bars. Maybe it'll be more of a trading range with some action.

Exit long 50.00

Long @ 49.75

I think maybe I should just forget about the first hour of trading. It has big moves but I can't tell if it's going to continue or reverse. It seems to have both big one way moves on one-way days and sharp reversals on range days. Looking at the market at this point looks like a one-way up day...

Exit long 47.00. No more trades for two hours (lunch break).

I'm using 1 min. bars. I'm thinking of lengthing it though. Seems too noisy.

Thoughts First two hours I had no clue on market direction. I covered my early buys on minor resistance and started shorting with no good reason. Market feels strong (like maybe a one-way day). I also executed too many trades. One minute bars feel too noisy. Maybe I should switch to...

Cover short and reverse to long @ 47.75

Short @ 47.50

Exit short @ 48.50

Short @ 47.50

Exit short @ 48.25