ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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notice how emotion/volatility plays a large role in follow through of 'intent' and expectations on a given day.
today basically is a chopp day with very little emotion in the price. Thats why its very important to restrict trading to emotional volatile sessions that is pervasive in most markets.
its free money day when it appears.
new traders when they are in the midst of increasing their grubstake, should wait patiently for these days, and exploit them to their fullest.
position trade till those volatile sessions are in the midst of appearing. A session or overnight sessions gives clues to when volatility will appear. Usually secondary to news events.
notice how emotion/volatility plays a large role in follow through of 'intent' and expectations on a given day.
today basically is a chopp day with very little emotion in the price. Thats why its very important to restrict trading to emotional volatile sessions that is pervasive in most markets.
its free money day when it appears.
new traders when they are in the midst of increasing their grubstake, should wait patiently for these days, and exploit them to their fullest.
position trade till those volatile sessions are in the midst of appearing. A session or overnight sessions gives clues to when volatility will appear. Usually secondary to news events.
Short NQ 1985.50 stop 86.50... hoping this thing will cave into the close
stop just moved 85.25... ES just hit 50% major retrace so we could get a viscous bounce
worth a shot, out +0 after slippage
:edit: If they can hold this area until close, I think we'll see ES drift up during AH... this zone is too significant, they'll take advantage of it on low volume.
stop just moved 85.25... ES just hit 50% major retrace so we could get a viscous bounce
worth a shot, out +0 after slippage
:edit: If they can hold this area until close, I think we'll see ES drift up during AH... this zone is too significant, they'll take advantage of it on low volume.
Thanks Spectre for that insight, I find myself doing just what you said. Positon trading while waiting for the type of day I can make work intraday. Thought I was being too passive but choppy days shake me out of trades to often - this coming from you makes me feel maybe I'm onto something.
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