ES Journal Archive (2011)

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Quote from emg:

the house (HFT, banks, brokerages, hedge funds, prop firms) can determine to make the market move up. They have the leverage, advance technology, top notch math/computer engineers, and advanced technical analysis to make the market move up
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AKA. Those that run DEMTDAYBOYZ algos. :)
 
Quote from dadog:

Hey buddy, take a step back..

Were your stops too tight or size too large for your account and comfort?

Today can turn out to be a very good day for you, not in terms of profit, but experience. Just look at how the trades may have worked for you. You'll see it.
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I stopped...for the morning at least. I will wait now. I made about 20pts starting mon of last week. I have done well when it ranges. I have just waited until overbought oversold and I am good with PA as long as it is not moving aggressively.

I do have a problem trying to call tops. The ES really gives you a lot of time and chances to get in. I have to be more patient to catch these larger moves.

It is hard to go from 3-5 tick stops looking for 2-3pts to a 2pt stop looking for 10pts. It is a different animal. And sometimes I find my self trying to combine and that is a losing proposition. I either need to scalp or swing but not both.
 
Quote from klinckphilip:

I stopped...for the morning at least. I will wait now. I made about 20pts starting mon of last week. I have done well when it ranges. I have just waited until overbought oversold and I am good with PA as long as it is not moving aggressively.

I do have a problem trying to call tops. The ES really gives you a lot of time and chances to get in. I have to be more patient to catch these larger moves.

It is hard to go from 3-5 tick stops looking for 2-3pts to a 2pt stop looking for 10pts. It is a different animal. And sometimes I find my self trying to combine and that is a losing proposition. I either need to scalp or swing but not both.
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One of the hardest skills to develop is finding that balance between the swing and scalp mentality. Either of these can bias the other negatively. If you are good at something, keep trading that until it's perfected w/o bias.

Once you feel comfortable venturing into another area of trading, in your case, larger moves. Then move forward. The minute you see that mentality affecting your "core" strategy, drop it. Since you may have to correct more than just financial damage.

I don't recommend swinging for the fences (picking tops and bottoms.) Focus on your strategy. A large percentage of the people at the bottom or top are people who have been stopped numerous times and now dug themselves in a hole and feel they "need" to catch the move to "makeup" losses.

It's very good you stopped and posted your frustrations, use the forum to your advantage. It'll help you reflect and build on your trade.
 
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