Quote from bubba7:
I had a long phone call on that VDU and one other matter. We are very close to not missing a trick.
I have been really wanting to let loose to.
I will move to a more steady focus along with you. It was hard to do a great job considering the mid week lateral low volume and low volatility. You are debriefing as you need to and that keeps a very high QA for the future.
Labor day is getting close and I need to get the stuff done ahead of that as a major focus.
Your first two ES paragraphs are important. I believe with full focus on the trade you would have sat through the VDU with stops up to snuff and then you would have held through. the money velocity was going well all the way to 1000. The stop log only ever takes you to a "tight stop" as a consquence of using fast pace to set the off set. As it sat there on the IT is did not come back. It stayed inside the last high volatility bar during midday.
We are getting really close to the Fall start up of the market and it actually will be a relief to be out of the doldrums.
You are correct to set the ES standard you do. This interposing of the restart on the stocks divided our attention.
You are correct to think that 3.5 is not the target on any day. that is that. To see it in the context of 16 is also correct. It will be difficult to not stay focused in the future. You will be on the ball after this date. This is not the first time this has come up in ET and for you it is the last time.
You are in a good place debriefing wise. The issue was focus. You have the drill locked in. Taking the ride required attention to the details and letting the rules work.
I am complimenting your viewpoint and what it portends. you could not have made a better post.
Personally I am trying to not use a particular word any more. If I get past a little frustration here I will get way ahead.
Leg 6 of the quarter ended and we are in a new IT leg finding the channel width by getting the 1,2,3 of the IT leg. This past leg was very very high quality learning for the IT channel reference of the intraday trading.
Thanks for venting and conveying clearly the thoughts you have.
You are truly a master teacher.
1. You are correct that I didn't maintain a stop log.
2. You are also correct that IT WILL NEVER, EVER HAPPEN AGAIN
Regards
Oddi