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Monday, November 15, 2010 update I made two trades today: - went long EUR and got stopped out for $3,020 loss - went long ES in the overnight trading on Sunday, and added today with capital freed up from the closed EUR position. So far I am long 6 ES contracts at average price 1,195.80...

Sunday night update SP500 intermediate term trend is UP. I consider the move from 1,224 to 1,192 corrective within uptrend that started at ~ 1,040. In addition, the ES is currently located at the multiple short-term resistance levels (see chart below); therefore, probability of uptrend...

What the heck, this is anonymous thread, so I will be honest. Deep down I am partially posting to get help and advise. You are 100% spot on. Life is busy, but having committed to a journal, I should be able to find time to update. You can add inability to learn from mistakes, and...

When I started the journal, the idea was to post daily, and provide real-time recap of my trading activity. This turned out to be a challenge. In the fast moving markets, I can barely keep up with my personal trading, let alone updating this thread. Also the level of intensity at my work...

I did not trade today, and there is no change in the postion. I am still short ES from 1,178, and today was nail biting day for me. My working hypothesis is unchaged - we are forming an itermediate-term top, and are going to correct significantly in the coming weeks or even days. It is now...

Last post for the weekend: I shorted 6 ES contracts on Friday at average price of ~ 1178 (attached is the screenshot of the position). I consider the upswing move from 1168 corrective and recent congestion a topping process.

Intermediate term trend A first step in my trading approach is to identify intermediate - term trend. Intermediate term trend conditions can be defined as follows: Up Down Congestion / Unclear Second step is to classify trend conditions into: a) stages for "Up" and "Down" trend and...

The purpose of the journal is to attempt to develop from the "occasionally profitable trader" to the "consistently profitable trader". I have been trading on and off since 1996, never full time, but as a hobby on the side with huge ups and downs, but nothing to show for it at the end but the...