ES Journal - 2019/2020

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Flat at 13.50 ... that's the problem with getting occupied with this ET stuff - I had 16 as the bearish line in the sand ... should have exited and probably reversed short there with a 16.25 stop ... shouldacouldawoulda ... 2798 and 2792 targets below if new lows are the order of the afternoon. Back above 16 and rally to the close imo.
 
NQurious said:
See, most won't recognize it as such. Those who actually have a plan and do not simply enter because Trump is tweeting or because all these idiots are buying recognize a chart marked as you did yours as a trading plan. The ability to understand what is and what is not a trading plan is perhaps the first major hurdle, even before emotional and mental discipline for some who wants to trade.

In my opinion, most technical traders, whether PA based, indicator based, or a combination of the two should be able to communicate, in broad strokes at any rate, their trading plans by posting a chart with a few arrows on it indicating trade direction.

I only called the last trade today as I keep telling myself I
m going to stay away from here while I am trading, but anyone can compare that last arrow on the chart to what I called here and then compare that to the other areas noted. It's not for everyone. I happen to like trading at the extremes, while other wait for the train to build some momentum and then climb aboard. Both can work with proper money management and strict adherence (take all set ups - you do not know which ones are going to be profitable which not in advance).

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You are good at picking reversals, my only reversal signal is strong divergence in two adjacent time frames..which printed at the morning high. Each has to find what suits their own personality traits. I don't like to sit through pullbacks and draw downs but I do respect those who do and gain by it.
 
NQurious said:
Flat at 13.50 ... that's the problem with getting occupied with this ET stuff - I had 16 as the bearish line in the sand ... should have exited and probably reversed short there with a 16.25 stop ... shouldacouldawoulda ... 2798 and 2792 targets below if new lows are the order of the afternoon. Back above 16 and rally to the close imo.
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We are social creatures but the distractions and the nonsense can be costly.
 
NQurious said:
See, most won't recognize it as such. Those who actually have a plan and do not simply enter because Trump is tweeting or because all these idiots are buying recognize a chart marked as you did yours as a trading plan. The ability to understand what is and what is not a trading plan is perhaps the first major hurdle, even before emotional and mental discipline for some who wants to trade.

In my opinion, most technical traders, whether PA based, indicator based, or a combination of the two should be able to communicate, in broad strokes at any rate, their trading plans by posting a chart with a few arrows on it indicating trade direction.

I only called the last trade today as I keep telling myself I
m going to stay away from here while I am trading, but anyone can compare that last arrow on the chart to what I called here and then compare that to the other areas noted. It's not for everyone. I happen to like trading at the extremes, while other wait for the train to build some momentum and then climb aboard. Both can work with proper money management and strict adherence (take all set ups - you do not know which ones are going to be profitable which not in advance).

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Thanks NQ, do you use a 10 min chart ?
 
Longshot520 said:
Link? Or is it spread out all over the place?
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Pretty much spread, I'v never set out to either show it or not show it. It's one of the reasons I don't make calls...I don't want anyone to take my entries without a complete understanding of why I take them. And even if someone else had intimate knowledge of how I do things, they will make adjustments according to their own makeup. We are all different and will all trade differently. We can help one another but ultimately, each has to find their own way. Trading is not a one size fits all deal. If someone wants to make real time calls, that's fine but expecting a curtain call for a trade which works reeks of narcissism.
 
SPYgrain said:
Thanks NQ, do you use a 10 min chart ?
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That is a 15 minute ... usually watch the 5 and 15 during the day and once price is near a point of interest I'll watch a "quicker" chart ... sometimes just a single tick - looking for higher low for a buy, lower high for a sell on the quick chart.

speedo said:
I don't like to sit through pullbacks and draw downs but I do respect those who do and gain by it.
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I usually know I am real wrong real quick ... I can take the pullbacks while waiting for my target because I am usually in at a fairly favorable level.
 
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