ES Journal Archive (2011)

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Would someone please explain to me why the hell price found support @ 1338,50? Simply a random number?

If we find lasting support here, it`s a great long.

If we close below, it might be a nice short.

I`m sitting on my hands for a while since I already booked profits for the day. Trading a little scared after yesterday.

EDIT:

Fake breakout? No selling interest? Too early to tell :)

Hold your horses and don`t become one of those trapped shorts until you get better confirmation.
 
Quote from Picaso:

Nicely done, LF.

You can also trail your weekly P&L, like your trades.
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Thanks, Picaso.

Trailing weekly P&L? Please explain :)

I forgot to tell everyone that mojitos are on me after the t-day boys were so kind to me on that last trade:)

If you accept deposits, Volente, I have some profits I would like deposit in the Bank of Volente :D
 
Quote from Laissez Faire:

Would someone please explain to me why the hell price found support @ 1338,50? Simply a random number?

If we find lasting support here, it`s a great long.

If we close below, it might be a nice short.

I`m sitting on my hands for a while since I already booked profits for the day. Trading a little scared after yesterday.

EDIT:

Fake breakout? No selling interest? Too early to tell :)

Hold your horses and don`t become one of those trapped shorts until you get better confirmation.
More...

where is the top of the left shoulder on the daily chart?
 
Quote from Laissez Faire:

Out @ 1344,5 for 7,5 oh so sweet points. God bless you t-day boys :)

I`m very happy now, because I was prepared to write a resignation letter announcing that I took the week off due to a losing streak that started yesterday. I planned on taking the week off to break the streak and not risk having it continue.

Since this last trade was nicely profitable, it seems like I will hang around a while still :)
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Your post is too emotional which indicates you let them effect your trading. 90% of this game is believing in yourself and having the balls to pull the trigger like a machine over and over again. A simple edge with emotionless trading is unstoppable when it comes to generating profits. The extreme emotional swings that your post show concern me from a consistency standpoint. This is a career if you make it, not a crapshoot. No matter what you must stay humble because the market will find a a way to do it for you if you let your ego run away.
 
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