ES Journal - 2021/2022

Laissez Faire said:
:mad:

That sucks, but it's just another trade...next.

On that subject - revenge trading or the irrational desire to make back a loss quickly is something which still messes with me.

It certainly is quite a headgame this trading business. I imagine it will only stop being so when you're so loaded that you simply don't care. I have a way to go... :)
More...
Today's action took me by surprise. I thought it was going to be a very bullish day going into open. Well, that was short lived. Anyway, I left the trade on without a stop and got hit pretty badly. Never trade without a stop, folks!

I have had my fair share of revenge trading. Automation have definitely helped in that respect.
 
Cumulative $TICK (and A/D line in another window) shows most everyday which side to trade:-
Note: I blew up indicator larger than I usually keep it. My eyes are not that bad.
!CumTick.png
 
Last edited:
schizo said:
Today's action took me by surprise. I thought it was going to be a very bullish day going into open. Well, that was short lived.
More...

I was very bullish, too, but that FBO of yesterday's HOD made me cautious.

schizo said:
Anyway, I left the trade on without a stop and got hit pretty badly. Never trade without a stop, folks!
More...

Sorry to hear that.

Been there, done that. If there's one thing I'm doing right this time it's that I take my losses and keep them fairly small. I've had a few wide stop trades turn around in my favor in the past, but eventually one of them gets hit and it's gonna sting bad.
 
Not sure what to make of today's semi-inverted-hammer pattern. Looks more bullish than bearish, but that remains to be seen. In any case, I hope they repeat the stealth rally again tonight. Very stealthily...under the radar of bears... :sneaky:

upload_2022-9-27_13-2-1.png
 
schizo said:
Not sure what to make of today's semi-inverted-hammer pattern. Looks more bullish than bearish, but that remains to be seen. In any case, I hope they repeat the stealth rally again tonight. Very stealthily...under the radar of bears... :sneaky:

View attachment 296155
More...
I think that candle looks bearish, not bullish.

Tried to go higher and failed. Today anyway.

Lower low, lower close even if it was not by much.
 
The yawning bear continues... :) Headed lower in a slow pace, although one have to admit that today's drop was kind of fast and clean now that I'm back online to check my charts.

Interesting how well the year lows held up on this first test. I have a hunch we'll see them again soon enough.

bear-waking-up-vector-id518282914
 
You must log in or register to reply here.
Back
Top