ES Journal Archive (2011)

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As much as I want this market to sell off, the tape today said get long. No use fighting it any longer. Daily chart says get long. 60 min chart flipped long today after 11am today. Whatever you do, don't fight it. I did later late in the day and got my arsch handed to me. There are more tape bombs out there this week leading into the weekend, I refuse to trade ES the rest of the week. Good luck to you all. I will stick to the strats that are making me money right now.
 
Quote from mastacoli71:

As much as I want this market to sell off, the tape today said get long. No use fighting it any longer. Daily chart says get long. 60 min chart flipped long today after 11am today. Whatever you do, don't fight it. I did later late in the day and got my arsch handed to me. There are more tape bombs out there this week leading into the weekend, I refuse to trade ES the rest of the week. Good luck to you all. I will stick to the strats that are making me money right now.
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Short in the morning off the open, then long off the measured lows, then short following the algo spikes to afternoon highs... price action itself tells anyone who is willing to listen, exactly which way to lean.

It really is that simple and that easy to read price... when you simply measure the market and ignore everything AND especially everyone else :cool:
 

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Quote from austinp:



It really is that simple and that easy to read price... when you simply measure the market and ignore everything AND especially everyone else :cool:
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you said easy. are you serious
 
Quote from fishing:

you said easy. are you serious
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yes.. it is easy to read price action... the degree of difficulty comes when executing the entry - stop - exit process over and over again

Most traders struggle and/or outright fail because they refuse to believe what price is telling them, and insist upon imposing their will against market action. That has only one inevitable outcome in the end :cool:
 
Quote from austinp:

yes.. it is easy to read price action... the degree of difficulty comes when executing the entry - stop - exit process over and over again

Most traders struggle and/or outright fail because they refuse to believe what price is telling them, and insist upon imposing their will against market action. That has only one inevitable outcome in the end :cool:
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nail on the head austinp. exactly what happened to me yesterday, refused to accept what I saw. other thing that causes the masses to fail is taking on too much risk.
 
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