ES Journal Archive (2011)

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1162 is 50% gap for what it`s worth.

I`ve seen (and wish I had statistics on this) the market bottom out without filling a gap, but most of them seem to fill sooner or later.

That`s why I think it would be strange if we don`t fill it from here. More of a caution to longs than anything, as everything can happen.
 
I have a serious question to everyone. Is there a thinkscript indicator that would draw my chart inverse / upside down? I'm seriously considering having one chart for bullish setups and one chart for bearish ones, because my confidence with sells is waning more and more by the day.
 
Quote from Laissez Faire:

I can`t believe I covered my overnight short at 76,50. I need the market to close the gap above now and take out the AH mid at 76. If this is the turning point, I will feel miserable. :)

I`m not sure if swing trading is good for my health, as I sleep lightly and think about my position all the time, rolling over to check it on my cell phone through the night. I don`t have the stomach to sit through the retraces either.

It was like this back in the day when I was actively swing trading as well. The only benefit I can see is that I always got up early in the morning. :)

Anyone else facing similar problems on swing trades?
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From Reminiscenses:

You remember
Dickson G. Watts' story about the man who was so nervous that a
friend asked him what was the matter.
"I can't sleep," answered the nervous one.
"Why not?" asked the friend.
"I am carrying so much cotton that I can't sleep thinking
about it. It is wearing me out. What can I do?"
"Sell down to the sleeping point," answered the friend.
 
Quote from Visaria:

From Reminiscenses:

You remember
Dickson G. Watts' story about the man who was so nervous that a
friend asked him what was the matter.
"I can't sleep," answered the nervous one.
"Why not?" asked the friend.
"I am carrying so much cotton that I can't sleep thinking
about it. It is wearing me out. What can I do?"
"Sell down to the sleeping point," answered the friend.
More...

Thanks, Visaria.

That`s a funny story and there is probably a lot of truth to it. :)

Wave reminded me of that book earlier, so I plan on re-reading it over the weekend. I`m sure I`ll pick up a lot more than the last time I read it considering I did not have much trading experience then.
 
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