ES Journal - 2019/2020

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NQurious said:
...Long 2785 here ... looking to take some at 2885 sometime tomorrow...
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NQurious said:
+95 at 80 .... no need to get greedy for another 5 points

+95 on the runners ... no runners left which may be a mistake but I think we don't get much higher than 2890 befor we start down again but who knows?
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NQurious said:
...I'm short at 86 for now. I have some limit sells above the market but this might be as far as she gets. I believe the next leg down has possibly begun. Certainly room to 90 or even 95 up to 2905 +/-

targets I will take profits along the way but 2600 to 2700 are where my thinking is at the moment. I will take on more higher if she is nice enough, and if not, I will add as we get moving lower...
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NQurious said:
I'll see your 32 and "raise" you 24.25

EDIT: 2812.75 would be a pretty low for the bears
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There was more obviously but I figured if I had quoted ALL of them by the end Id'a been like...

2514940-5784186063-madke.gif


So lets just call it what it is....

https://imgur.com/a/MJfEUBy

In all seriousness though... you are truly an inspiration to me man. Never have I been hungrier to be successful at this seeing what's possible through hard work and determination. My hats off to you. Truly witnessing art in real-time.

Thank you for everything you have contributed here (especially for giving us a blueprint for success). Here's to hoping you stick around.

Cheers.
 
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schizo said:
Flip short 37.25 sl 43.25
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Stopped out. I realize I have this nasty habit of placing the stop at the most obvious places. I think that's because that is where I look to enter long or short (at least on a subconscious level). Gotta get that fixed ASAP.
 
NQurious said:
I'd answer but that would only tell you about me. And my answer might lead you to believe you must do it as I did. The best time to do it is when you are ready to do it. Let me show you what I mean by answering your second question.



It was suggested as the first step toward coming up with a trading plan by @dbphoenix. I found this quote from him here from 2014. I found him elsewhere on the internet years before this post (he's been around for quite a while), and it was easier for me to to find something from him here on ET.




Whether one is brand new to trading or has been at it for years, the exercise of observation "is analogous to meditation in that if one finds himself thinking about entries rather than focusing on price behavior, he should start over from the beginning. Eventually he will get tired of doing this and focus on the behavior in order to get through it."

The key is to observe the market as it is an not as something to be "entered" and "exited" in the hope of earning a profit. You will note that 1A is accompanied by 1B: "Read Zen and the Markets by Edward Toppel. Start the meditation exercises now. It will augment your fitness for the mental and emotional pressures of trading." It will also help you with the exercise of observing. As meditation involves clearing your mind of extraneous thoughts and distractions. "Where to enter" is a thought that you must allow simply to drift away and then get right back to the exercise of simply observing the market's behavior.

Whether one is brand new or has traded for years, the exercise is the same: "observe in order to find those "tells" which show the market's hand. In broad categories, these tells will manifest themselves in reversals, breakouts, retracements."

I remember dbphoenix said of all those to whom he had suggested it over the years very few ever did it. I think he once said he could count on one hand the number of people who took his advice with fingers left over.

I am one of those few.
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NQurious: Thank you very much for your detailed and informative sharing. I think that genuinely doing 1a will definitely help traders to stay focused on the market itself, to really think in market's perspective. and to be one with the market. I thought of doing it before but i have not done it yet. Now i would love to try it. Prob it is a good idea to just observe the market for one or two days from time to time even after having done 1a or having been a consistently winning trader.

I believe 1b has something in common with the book trade Mindfully by Gary Dayton which i like a lot; i just purchased the book Zen in the market. By the way you were talking about the book Zen in the Market but not Zen and the Market, right? I can only find Zen in the market. Thank you very much again for your generous help.
 
Buy1Sell2 said:
A massive upmove in the last hour today---absolutely massive.
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I think this was a perceptive call ... always difficult to guess ahead the direction of a breakout while th emarket is coiling as tightly as it did today. But spot on with respect to a last hour breakout. Good on you, @Buy1Sell2

Spooz Top 2 said:
30 handle plus move imminent... I`d be surprised if it wasn`t southbound!
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Likewise kudos to you spooz - glad to see you back.
 
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