covered at b/e $tick is still above 200 and YM didn't fill it's gap, may be another push higher to test YH or lunch hour congestion. anyway, taking a break for now. I'm getting too trigger happy. Need to walk away from the screen for a fresh view of the events even if it means missing a trade. it's better to miss a trade then to keep making mistakes. there will be many more trades...
I'd like to become a better trader
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covered at b/e $tick is still above 200 and YM didn't fill it's gap, may be another push higher to test YH or lunch hour congestion. anyway, taking a break for now. I'm getting too trigger happy. Need to walk away from the screen for a fresh view of the events even if it means missing a trade. it's better to miss a trade then to keep making mistakes. there will be many more trades...
hi there,
just maybe some advice,
if u wanna trade easier, find easy trades !
i mean , if u trade only s&p futures or so, these are fully crowded ultra competitives trades to do.
Find some decent and low volatile stocks to trade first (CAT, DE, RL,YUM....) when u will be better disciplined, u can go back to more crowded trades, until then u got to change the product ur trading.
Good work
Cheers
just maybe some advice,
if u wanna trade easier, find easy trades !
i mean , if u trade only s&p futures or so, these are fully crowded ultra competitives trades to do.
Find some decent and low volatile stocks to trade first (CAT, DE, RL,YUM....) when u will be better disciplined, u can go back to more crowded trades, until then u got to change the product ur trading.
Good work
Cheers
Quote from Best Loser:
the train have left without me again. 1 point from being filledvery frustrating. Not going to chase it now or fade it until I see a set up.
You might want to consider using cash price for your gap entries due to the eroding nature of ES.
Keep reading it over and over until it becomes second nature.
fwiw ~17.5 is the 50% retrace of the last leg which can become resistance
There is a large IHS on cash which points to an entry around 1316 cash or ~ 1313 ES.
Any stop placed between there and here is fair game.
As long as 1316 cash holds then the patten projects to ~ 1329-30 on cash