L 4359
STOP AT 55
STOP AT 55
ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
OUT HERE AT 4365 FOR +6
I am not an engineer, but I truly love my job, some days more frustrating but hour later can't remember what I had for lunch. I was very much like you at the stage you are at, somewhere I lost thinking about "concept" of making comparisons to yesterday, pre-market, have made a ga-zillion back tests, comes down to 50/50 and walking away, where the money is whether based on your trading plan if trade should been entered at all, where price is when you want to enter, time-it price just sits there, price decays for me-am out usually in four minutes or less, I often trade the open based on S/R, but often on first waiting for others to trade on emotions and I just sweep up their mistakes. Certainly have to have rules and signals, but really comes down to "where is retail going to screw themselves", it is repeating cause takes long time before traders change, you always doing something opposite of what makes sense to me. Spock from Star Trek would lose his ass trading, little is logical and once you can handle the emotions of what is left is really right, up is down, inside is outside, then you have a great shot of sweeping when you want to work. Your chart reminds me a bit of Joe Ross, don't remember so well, don't think it was the 'hook", I don't know.
Good markets in evening at times in Crude Oil or Aussie or Yen. You hard enough, add another 1-2 contracts each month, eventually each week, account shows you to add or hold off on increasing, really don't take long to get it up there if you trading safe risk.
Well, Honey, I did report trade early, worked hard for couple minutes then slaved for an hour in ES, ahhh this coffee at Starbuck so good, have my legs up, finished same time in Crude Oil, life is good, now to figure out how to spend rest of the day. I can only watch Starbuck folks so long fiddle around doing what they do, Thank God I live in America being able to trade, Right?
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I took another 5 trades after this one, but don't like being the only one posting calls so kept them to myself.
I was up 12 points, then took 2 losers of -5 each in a row leaving my up just 2 points on the day.
Then caught a good long for +10 putting me back to 12.
I'm often better off quitting for the day as soon as i'm up a 'respectable' amount.
Snack do you ever use the Heiken Ashi candlesticks on your tick charts? They're supposed to make trends easier to spot. I have on up on my 2-minute and it looks like it may help a bit.
Nope! My setup is so specific, and limited to a certain time of day, that I really don't need much to trade it. I usually take a peek and mark my levels about 10 minutes before the bell. I try and have 2-3 levels marked max. Since I'm almost always long, Usually I'm looking for a bounce point and a then a target. The only price I will ever scale out at is the open, and aside from that I'm holding the rest of the position to whatever price(s) I have marked.
After looking at the 512 for so long, a lot of decent trends have a "look" to them. Trends that are usually sustainable set up the same exact way, based on my always looking for prices that have flipped from support, to resistance, and then back to support.
