...And They Have a Plan. (Live.)

Waiting through the election on this one, now that Pelosi and McConnel have solidified their plans to not help we the people.

Since last update, I've been deer-in-headlights on this new NQ range since last Wednesday's MNQ 3/21 entry and then subsequent 400-point drop into the pre-election range on the NQ. So still sitting on hands with that one, it's gonna' be a true festering trade. But I have to give myself the time edge (That's why it is the March contract, teehee). Thus, this week I was waiting and seeking trying to glean any possible momo moves. Didn't see any, and had 1 teeny trade all week in the MYM.

Whoopie? Umm, no.


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Continuing from last trade.

Well, we made it through the election. The market reaction was not what I expected, and so used caution. Held another long-term long swing (trade #18) and it fried my brain to the point I couldn't really see straight, so took a couple of flyers and tried some more momo. I was VERY tempted to try another long today, but decided I've had enough of holding for now. That we had only a 150ish-point range today threw me off as well. Will look to be refreshed after this weekend's news updates.

And I had to switch the (M)NQ to a 25,10 chart to see patterns. 25,10! That is a HUGE frickin' unirenko chart. The same patterns are appearing on that huge chart as what used to appear on a 6,2/7,3. Crazy stuff! Will take some getting used to.

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Feeling ambivalent about the week. Could have been better, could have been worse. Ahh well.

Let's hope we get a senate majority on the elephant side. I guess that will cement more stability.
 
Continuing from last entry...

Here we go with Ninja's eleet journaling code. What really happened on the cum profit column in the first pic, continuing from trade#21, compared to what the individual entries actually were, as NT7 borked it all on both pics with the entries and exits...

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People who know me here know I RARELY take shorts, NT7 just cannot figure the fuck out what the difference is between a long exit and a short entry. It is almost as if it was inherently designed to NOT show accurate swing entries. Change the journal date range and it magically rearranges entry and exit times.

It cannot handle the truth of anything longer than a day-trade. God forbid you try to swing overnight! It freaks out and panics!

So, yes, trade #3 there is what I did during the day session today, for the 12260.5 exit, and NOT what it shows on trade #25.

Trade #24 and trade #2 are polar opposites. Guys, I don't do this on purpose! See what I'm dealing with? Ug, I should really just start using NT8, that POS for-mobile-user disaster of an interface, just to see if the journaling can handle swings.
 
Continuing...

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And that's it, that's all there is. Two lousy swing trades. (Green is good yes, but lousy because we're at ATH, and I dare not try to push it. Would like a pull back of some worth to buy into, as it sure seems that the November insanity would take steam out of the Santa rally, plus incoming Joe's capital gains increase.)
 
Continuing...

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Reset the date range to shore up the list. So trade #27 above coincides with trade #1 here.

Tried an average-in on the MYM there, and it took way too long, 12/08 to 12/15, That's a frickin' week, Bleh.

The swings feel a bit more comfortable right now even at ATH, with the "assurances" by McConnel that the stimulus deal will get done by EOY. That may help offset any profit-taking during the traditional Santa Rally period.

However, am cognizant of NQ's ability to rapidly decay. Thus my current open positions are a 1 MYM L 3/21 @ 30204, and 1 MNQ L 06/21 @ 12717.0. Time is the only edge I got right now, and it's boring.
 
Continuing from previous entry #6 above...

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Another long slog through the all-time highs. I am very thankful to have gotten out of the trades before today's bell, because I don't like having open positions at EOY. Kind of a pain on the tax forms. Made the targets I wanted to make on those trades.

While it sux to have missed today's final 15-minute rally, I followed the rule in my head to get out at my targets and not look back, and to not be open at EOY.

Happy New Year folks. Glad to see 2020 behind us now.
 
Continuing from previous trade # 10 above...

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Was feeling skittish heading into the week because of the whole congressional confirmation stuff. Didn't know how the markets would react, and Monday put me in Pause mode on the large down day. Start feeling better on Wednesday at the ATH, and then the riots happened, so tried a bit of scalping. Last night I tried the ol' cash close to cash open bit, and decided to stay out for rest of day.

Boy did I get rewarded by sitting on hands and missing a fuckton of bullish movement! Alas, it was the plan I set in my head, and I followed it.

Didn't want to stay in there over the weekend, because who knows what Trump may do. The Monday experience should tell me, but my God, I do not like these ATH. Too much trauma at these nosebleed levels.

P.S. Grats @Gaslight Capital Looks like you got your ES 3820 you were looking for, as I look over final chart review for the day. Way to stick to your guns.
 
Continuing from trade# 15...

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As usual, no real attempts to scalp. The past 7 or so trading days sucked because of that very large pull back.

I wanted to exit the current longs I am in (listed below) by market close today, but was out of the house on errands when the bells rang for the week.

So these open positions I have, have become just another one of those..."Welp, at least I am in for the inevitable gap up on Sunday night!"

Right @Rickshaw Man ? Pfffhhtt! Dude, man, I've been in these two positions listed below since fricking last Tuesday! ZERO RISK $$$$ free!!!

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