ES Greenhorn

Quote from Myshkin:

It could be a matter of hair length, unless we may be talking of the longer haired Himalayan yaks but then, we are not in the midst of a yak run, are we?
Then again, today was most certainly a very itchy day if you were waiting for the market to turn.
Running with the Tibetan/Himalayan theme,
"clear objectivity,
like a flea nestled in the bosom of a long haired yak,
satiated, sees not,
but decides decisionless in truth."

Thus spake the lesser known drunken half brother of the 7th dalai lama, when asked for predictions on how best to trade the 1746 wheat crop futures.

Good luck with the ever important objectivity tomorrow and truly, I really got a lot out of your previous journal, as well.
More...

Myshkin,

You are bringing a tear to my eye... from laughing and from remembering the tribulations of that Journal not knowing so many witnessed it..

Sounds like the Gurus were a lot better in 1746..:p That's even better to read pre-market than bothering with FXE..
 
ammo,

Yes, we (I?) have a civic duty to do short battle at 1778 and I will with my pea shooter.. as long as I am not alone on the field.. I was today and have $5 to show for it. The Dow battle was lost today, the S&P battle looks tenuous..

"On my command, unleash hell!"

Thanks as always..
 
Morning prep..

Looking to get long 1755 to 1757 area but that will likely change.. Usually after a big day like yesterday chop can be expected at least in the morning and considering tone of late, strength later in the day.. all with a bag of salt..
 

Attachments

Wow.. Busy clicking away... 2 longs 1769 area. one small loss, one for 3 pts.. Net $140. Last trade short 1774 stop at High of day. hard to imagine 1778 won't be tried so temptation to move that stop up is high. There "tends" to be a turn at 10am at important price areas though.

stopped out.. Hope this doesn't play out like yesterday..
 
After the 76.5 stop out I lost control of the day.. (Definitely supports the argument to use a larger stop and reduce units.) especially the chop from 11am on. Had that short survived (I would have put a manual stop at least a pt above HOD) I would have been gone, which is easier to do when green for the day. When red not easy to leave. 12 round trips.... :confused:

A poor day on all fronts though I stayed within account loss limits...
 

Attachments

Morning Prep..

Had an epiphany last night and thought.. hmmm.. NQ from 1650 to 1775. How much of that have I managed? Cannot be seen with the naked eye.. In my mind if a daytrader is not getting 50% of the market he or she should consider swinging a bit..

To follow my noted on the re-birth of this thread as I am not a great daytrader I decided to from here on swing at least a contract as in clear trending conditions, usually obvious. Will still daytrade but should reduce pressure there.

To this end bought 1 at 1775 yesterday, Stop 1771 and hope to move it up today. This may be the top.. or not. 1778 should become support.
 

Attachments

Reversed short 1778 added 1. Covered 1773.25 1.. Keeping 1 short, stop 1781.5 Probably 1768.5 down limit today?

Need to figure out range asap if close under 1780.
 
You must log in or register to reply here.
Back
Top