ES Journal Archive (2009 - 2010)

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THE nearly impossible flaw for me is needing to believe in a future event AND acting on it... meaning.. there has not been a proper reversal in NQ all morning (one happening now at 1836 break) but I have enjoyed 4 brutal stop-outs at price levels that should have held BUT who am I to forecast a price level holding or not. Those losing money yesterday and today really need to analyze both days and think hard..

What has happened both days is not a case of strange or bizarre markets but traders with inflexible thinking.. THAT's the source of stress.

Need to pickup drinking..
 
Quote from Rashid_G.:

I hope, pray to someday achieve this... I have a decent system to present trading opps.. BUT.
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We all have that problem. Trying to anticipate a set-up that doesn't quite materialize, ending up a position you shouldn't have and trying to trade your way out of itm holding onto a position too long because you "know" your original thesis was correct even though its moved against you, not letting your winners run. Etc, etc, etc.
 

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50 Daily SMA on SPX has been pretty much a brick wall ever since the 'flash-crash', due to last 2 days we got a HL, but 50 SMA still preventing a HH.
 
Quote from BA_Trader:

short squeeze / puke check rally...

IMO we will trade inside the range just carved out for the next few days.
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Well I thought the range was done at 75... AAPL helped it overshoot... selling back down into the range now... I think we go to 67ish.

It will want to bounce on 75 and 72
 
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