ES Journal Archive (2009 - 2010)

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Will use NQ and YM as leading indicators today.

NQ has a gap down there that never filled.

With a 20 pt gap, it is hard to figure out where to short at all in the first 15 - 30 mins, even if you are bearish. :(

Only level I am watching is 800-815 area in the morning.
 
Quote from Lawrence Chan:

With a 20 pt gap, it is hard to figure out where to short at all in the first 15 - 30 mins, even if you are bearish. :(
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Chasing is the worst thing to do. If this is to be a trend down day it will show with the shallow retracements of usually less than 7 points up and then back to the trend.
 
Quote from porge:

key is to own a system that does the thinking for you. intraday eminis.....otherwise u lose eventually...emotion is the killer....no thinking no emotion.....the only bad thing is losing money.....low percentage systems don't work simply because you develop lead paws for fear of getting burned again.......rare is the trader who can profit with low percentage stuff......how do you get to high accuracy....a few years of extreme work and sacrifice....if u can't do that with passion, u r in the wrong business...unless losing your money doesn't matter. Volente has the passion for this stuff....too obvious with the years spent ...if anna k only knew the up down sideways never leaves us and how simple the buy low sell high with trend is she could see the gold........that is all the successful trader really uses when the years of junk searching is over.......
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Translation:



Buy the low



Sell the high




Repeat over and over





Walk away at the top.
 
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