ES Journal - 2013

Trv,

No more trades is plan. IF I do additional trades today, I look for long setups only. As long as Crude Gold, Naz keep flashing the buy.

Don't want to end up in the I've been chopped thread, finding religion, and have No D give the last rites on my ES chart because I traded through chop

Good day and losing focus, won't push.

Plus, it's 5:00 p.m. somewhere :cool:

Seeing that nice vwap pullback to 61 there
 
Quote from satchel:

Trv,

No more trades is plan. IF I do additional trades today, I look for long setups only. As long as Crude Gold, Naz keep flashing the buy.

Don't want to end up in the I've been chopped thread, finding religion, and have No D give the last rites on my ES chart because I traded through chop

Good day and losing focus, won't push.

Plus, it's 5:00 p.m. somewhere :cool:

Seeing that nice vwap pullback to 61 there

LMAO! I was tempted to trade CL chop and I sat on my hands and missed a MASSIVE 12-tick break out of the range :p
 
Leaving an automatic order at 65 for L gtc, other than that I don't want get chewed in the chopinator. See ya

EDIT: no fills. moved to 63 and an add at 67. far enough away from chop. stick to original plan gotta go.
 
Quote from Handle123:

I sold calls today on IWM as it looks the weakest of the three. The pivot highs on this market are clustered and differences between pivot highs are smaller, on most TA would show double divergences.

Yehaw, what a glorious day it is today.

Quote from Handle123:

As much as I would like to be long term long, automated sys got in short futures earlier and bought options to hedge. But that's what the sys does, at some point, it gets in at new contract highs/lows.

Took me three tries to find the highs, hoping they are in for long way down. but took off half position for 40pts. My approach to long term is not for those who believe the trend is the only friend. You have to really be able to put on trade and walk away till after the close, but hedging allows me to sleep and often times makes a losing trade overall profitable. Weekly charts way to go for me.
 

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