ES Journal - 2012

[lucky lucille]

Quote from ammo:

you mentioned earlier that the profit covered an earlier loss,important not to think in terms of your nonexistant acct(in the mrkts eyes) and play the game in front of you

trying to understand your criticism

 

[JoshDance]

Quote from lucky lucille:

trying to understand your criticism

He is saying to treat each trade as an independent event, and not worry about earlier trades, whether they are wins or losses. Trade what you see in front of you, not based on how you did before.

Thanks ammo and of course I know this intellectually, just hard to do in real time sometimes... when I see the green I want to take it and not give any back.. maybe the most important thing for me to work on right now.

 

[lucky lucille]

Quote from gmst:

You are young and cocky, but your 'rules' are not bad.

Having said that, these are not 'trading rules', these are just your wishes and what you want to happen. For example, you want to be a successful trader making 6 figures every year - its a wish, not a rule.

Not being critical, just pointing out something to think about.

gmst, you are right these are rough rulz..

as a DAYTRADER swinging the waves if i have 3 down dayz in a row..

i must start getting concerned..

 

[bigsnack]

Quote from ammo:

short 99.5

Okay so Ammo has started to sell, we should get at least one more push higher, otherwise he won't be able to add!

 

[lucky lucille]

Quote from JoshDance:

He is saying to treat each trade as an independent event, and not worry about earlier trades, whether they are wins or losses. Trade what you see in front of you, not based on how you did before.

i don't o that now?? where is the evidence that i',m skittish?

just asking, please provide it..

 

[lucky lucille]

1300S

cost basis 97.50

 

[ammo]

dont know where i posted that LL but it was in response to jd's comment about covering early

 

[JoshDance]

Quote from lucky lucille:

i don't o that now?? where is the evidence that i',m skittish?

just asking, please provide it..

He was talking to me. Still short I see.

 

[ammo]

Quote from bigsnack:

1300.50 tagged

Just keep practicing watching how price travels once it starts flirting with new volume "boobs". My experience is that once price enters a different pocket, it tends to travel all the way to the other side of the pocket. Certainly not always, but on a nice and strong bullish day like today, where there hasn't been a single low TICK close below -600, the odds are strongly in your favor. I know it's especially hard to hold if you are recovering from an earlier losing trade or whatnot. However, if you have an entry where price is pushing higher and is not likely to come back to your entry price unless the trend changes, your minimum profit should be 3 points.

completed this lower bell in eur,now fill cleavage,revert to nip,or travel higher ,but 90%chance we stop here for today in eur

 

[JoshDance]

About 35% higher relative volume today so far (vs. 20d median)... good day to be long as we do seem to have developed the interest to buy higher..