ES Journal - 2012

[keeptradin']

Quote from mastacoli71:

If that happens, I'll have to call Roto Rooter to clean me out

So why not just cover now, and put an end to the misery??

Think of the opportunities you are missing while the market holds you underwater.

Not telling you how to trade, just speaking from personal experience...

 

[masterm1ne]

Quote from mastacoli71:

60min ES. I offered 2 pts above the high overnight thinking it was a decent short. I should have waited more patiently for it to hit the top of the trend channel. Black lines define trend channel from daily time frame.

2 ascending bull channels.... kinda feels stupid to have taken a short this morning.

It's clear on the larger time frames that we should have bought the weak decline!

Quote from keeptradin':

So why not just cover now, and put an end to the misery??

Thinks of the opportunities you are missing while the market holds you underwater.

Not telling you how to trade, just speaking from personal experience...

It gets harder and harder to let go every time he adds one... I know this feeling all to well.

 

[sttrader]

Quote from sttrader:

If there is no pullback at the 97 area, we're going to see more upside. Last stand for bears.

Short at 96.5 stop at 97.75. No pullback so could ramp higher but will take the risk reward ratio here.

 

[keeptradin']

Quote from masterm1ne:

2 ascending bull channels.... kinda feels stupid to have taken a short this morning.

It's clear on the larger time frames that we should have bought the weak decline!

We are dealing with two timeframes, micro and macro.

There was an excellent short opportunity this morning from the 87 area, followed by even more excellent long setup.

As daytraders we have to keep the long term trend in mind, while looking to exploit the short term setups the market gives us.

Hindsight is always 20/20...

 

[keeptradin']

Quote from masterm1ne:

It gets harder and harder to let go every time he adds one... I know this feeling all to well.

Every big loser I ever let go of had very deep claw marks in it.

Sometimes I have had help from my broker to pry it from my hands...:eek:

 

[mastacoli71]

Quote from keeptradin':

So why not just cover now, and put an end to the misery??

Think of the opportunities you are missing while the market holds you underwater.

Not telling you how to trade, just speaking from personal experience...

I hear you but I am sticking to my plan of how to trade the trade I am in.

 

[keeptradin']

Quote from sttrader:

Short at 96.5 stop at 97.75. No pullback so could ramp higher but will take the risk reward ratio here.

You know how they always say only the market only trends twenty percent of the time, and the other days are range days??

Today is one of the twenty percent days. Why fight it??

 

[keeptradin']

Quote from mastacoli71:

I hear you but I am sticking to my plan of how to trade the trade I am in.

I know, been there, done that, saw the movie and bought the t-shirt.

Hell, I even wrote the screenplay...and my face was on the damn shirt!!

Just hate to see a good guy blowing up.

 

[mastacoli71]

Quote from keeptradin':

I know, been there, done that, saw the movie and bought the t-shirt.

Just hate to see a good guy blowing up.

Lol. Risk versus account size is something I have learned the hard way in the past. It's all relative.

 

[mastacoli71]

BTW, thank you again market makers for flipping me the bird at 98.5