ES Journal Archive (2011)

[DanS]

I get the feeling this is screaming to go up.

 

[EON Kid]

Quote from DanS:

I get the feeling this is screaming to go up.

yep, the dollar is tanking

 

[tortoise]

Quote from tortoise:

Naz-100 up/dn volume ... they just keep selling ... very orderly ... while the dax flirts with a breakout over last night's high

frankly, i'm puzzled

any theories, anyone?

 

[Full Tilt]

Quote from tortoise:

any theories, anyone?

'positive' news on Greece getting more money to burn thru. it's amazing to me how Europe pissing money down the drain is good for the Euro and for the DAX.

the news hit little over an hour ago but clearly everyone knew it a couple hours earlier when the DAX completely diverged from the ES.

WARNING: somewhat off-topic self-loathing rant alert

this is a great example (albeit in the DAX not the topic of this journal- but the lesson applies well here) of trading what you see and not what you think.

i saw the divergence. i even processed it aloud. still, i decided it just 'had to' roll over when the ES and NQ swooned for about 45 minutes starting around 10.45. this stupidity and stubbornly adding back after a stop was taken out have been an $8,000 mistake thus far.

trade what you see= good

trade what you think when it aligns with what you see- a nice bonus

ignore what you see. ignore what you think you see- instead focus on what you're sure 'should happen'= fucking moronic path to financial ruin

one day i will learn. you would think i would be past such juvenile
rookie stupidity after all these years. NOPE.

 

[Trvlwanderer]

Quote from Full Tilt:
one day i will learn. you would think i would be past such juvenile
rookie stupidity after all these years. NOPE.

That made me feel better. Thanks for sharing FT.

 

[volente_00]

Quote from Builder17:

honestly i dont know why youre such a bad trader. ive never done anything like that... =D

I am the best fade on here.

 

[Trvlwanderer]

eur/usd bull flag

dtx tightening triangle w a 5 point 100% move.

 

[eudaemon]

Quote from Full Tilt:

'positive' news on Greece getting more money to burn thru. it's amazing to me how Europe pissing money down the drain is good for the Euro and for the DAX.

the news hit little over an hour ago but clearly everyone knew it a couple hours earlier when the DAX completely diverged from the ES.

WARNING: somewhat off-topic self-loathing rant alert

this is a great example (albeit in the DAX not the topic of this journal- but the lesson applies well here) of trading what you see and not what you think.

i saw the divergence. i even processed it aloud. still, i decided it just 'had to' roll over when the ES and NQ swooned for about 45 minutes starting around 10.45. this stupidity and stubbornly adding back after a stop was taken out have been an $8,000 mistake thus far.

trade what you see= good

trade what you think when it aligns with what you see- a nice bonus

ignore what you see. ignore what you think you see- instead focus on what you're sure 'should happen'= fucking moronic path to financial ruin

one day i will learn. you would think i would be past such juvenile
rookie stupidity after all these years. NOPE.

Exit plan is the most important thing, imo. You can screw up a lot and still be saved by your exits. Thanks for sharing.

"Never get in somewhere you can't get out of". Ronin. (paraphrasing).

 

[ammo]

djt suggests extend to downside

 

[Now is Now]

Quote from Full Tilt:

'positive' news on Greece getting more money to burn thru. it's amazing to me how Europe pissing money down the drain is good for the Euro and for the DAX.

.

Greeks are giving away the ouzo...they don't see the point of having money anymore..

As for your rant...

Chant 100 times a day..."Matter over mind as Mind over matter useless in trading"

You should be in good shape for Monday.

Good luck.


NiN