Clowns ES Daytrading Journal

Quote from ESclown:

Long again at 28.50

Very high risk again - but i have a few points to take a little extra risk this morning. If this fails then most likely i will be on sidelines till the evening session.

Not very cautious i thought i was going to be :D
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Out at 26.50 for -2. Was looking good till that last bar. Will be on sidelines till evening session now.

Good day to all.
 
Quote from ESclown:

Damn stopped at 24.00 for -1.0.

Did not work out the way i wanted.

Looking to re-enter
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I was long from 23.25 as well, it looked like we might get a slight move up there (maybe the "3pm reversal") but I suppose not...
 
Quote from AAAintheBeltway:

You seem to be swimming upstream. Are you keying off a level for a reversal or just fading the down moves?
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Well i am trading badly, instead of going with the trend and making money and have been going against it.

I will be looking for another long however, this is a balance day and its rare to have big spike lower on days like this.


I have a longer term buy signal that why i am trying to play it intra-day.

Will wait for price to confirm if i am right - otherwise i will stick to the sidelines.
 
Ok, I see. Didn't seem like your normal style. This shows why it is so hard to trade a bear market. The rallies tend to be so quick you can't wait around for them, but you can burn through a lot of stops anticipating them.
 
Quote from ESclown:

Well i am trading badly, instead of going with the trend and making money and have been going against it.

I will be looking for another long however, this is a balance day and its rare to have big spike lower on days like this.


I have a longer term buy signal that why i am trying to play it intra-day.

Will wait for price to confirm if i am right - otherwise i will stick to the sidelines.
More...

The sad thing is that I was looking for that breakdown on the 60min all day, but didn't figure to take a long-term short around 2pm...
 
Quote from AAAintheBeltway:

Ok, I see. Didn't seem like your normal style. This shows why it is so hard to trade a bear market. The rallies tend to be so quick you can't wait around for them, but you can burn through a lot of stops anticipating them.
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Your right - i am very scared of going with shorts today because i am expecting a sharp blast against my position.

This is why i am more comfortable being a bottom fisher. I don't know what's up with my mentality today - i have came into today with a big bias which i think has affected my decisions.
 
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