Journal from a lurker who just made his first post on ET

First sequence of the day. Price turning down off the Friday high, sold on a bearish engulfing bar/lower high, stop above the bar once it closed. Sold one more on the next break lower. Covered above the previous higher low being tested because I thought there was a good chance it could chop around and try to form a small range up there, being that its Monday morning. There wasn't initially a strong reaction when price ticked below that previous higher low so I somewhat impulsively closed the trade.

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A Chart Poster. Welcome aboard!
hell yeah 871 metal.jpg


Fuckin A, point me toward some good metal please.
https://loudwire.com/heavy-metal-music-studies/
 
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25 Countries - Dammmm.
Dammmmmm.
To rise before noon is to rise too soon?
Hey Last, is this Metal? I sure like it.
An oldie but goodie...
 
Which planet are you from?
You used white candle as bullish candle and blue candle as bearish candle.

In this planet. We use green or blue as bullish candle. And red as bearish candle as red is associated with blood

For Chinese blood color red means prosperity. So red candle means bullish.


Anyway welcome to this planet earth.
But do note this planet is over populated. It cannot be sustained

I like red and white, I may have to try that out
 
Tomorow morning I will be looking to see if prices were able to drift down any further overnight. If price is still hanging around the 4300 area, I will be pretty cautious after the open because I think fomo buyers/chasers from today are vulnerable to getting bled out tomorrow in chop. If we work significantly lower overnight, that will be more enticing after the open.
 
Fought with RTY a little bit, trying to get short
upload_2022-8-16_9-32-19.png


Shifted over to MNQ and was able to get short and add on. Took profits on that strong push down as it looked like potential support forming across those lows and with ES chopping/out of sync with NQ and RTY it seemed reasonable.

upload_2022-8-16_9-35-58.png
 
chopped up pretty bad on a second attempt to short MNQ:
upload_2022-8-16_11-47-5.png


Long on MES. Started out poorly because I tried to fade the top of the range with no real evidence. Zoomed out and remembered the weak test of 4300 yesterday, the morning chop, and the flush lower right before the rally started. Got long while price was retesting the top of the range/4300. Was just trailing my stops, trying to allow for the possibility of a grind up to 4320.

upload_2022-8-16_12-14-11.png


My entries weren't very efficient, need to limit my re-entries in chop. A behavior I am trying to reign in is the tendency to be overly cautious early in the day when momentum is present, and then realizing that and trying to correct myself/catch up to where I think I "should" be by getting more aggressive between 10am and noon when the volume tends to lighten up and momentum shifts. Also, I am not a big fan of taking partial profits or using "runners", but I did it in that last long position, because I was sensitive to the fact that I was in a drawdown for the session going into that trade. I wanted to at least do something to reduce the risk for the day.
 
chopped up pretty bad on a second attempt to short MNQ:
View attachment 292204

Long on MES. Started out poorly because I tried to fade the top of the range with no real evidence. Zoomed out and remembered the weak test of 4300 yesterday, the morning chop, and the flush lower right before the rally started. Got long while price was retesting the top of the range/4300. Was just trailing my stops, trying to allow for the possibility of a grind up to 4320.

View attachment 292209

My entries weren't very efficient, need to limit my re-entries in chop. A behavior I am trying to reign in is the tendency to be overly cautious early in the day when momentum is present, and then realizing that and trying to correct myself/catch up to where I think I "should" be by getting more aggressive between 10am and noon when the volume tends to lighten up and momentum shifts. Also, I am not a big fan of taking partial profits or using "runners", but I did it in that last long position, because I was sensitive to the fact that I was in a drawdown for the session going into that trade. I wanted to at least do something to reduce the risk for the day.
You thinkin about changin those candle colors? Don't.
Keep on postin.
BTW, where'd that line at 13554.5 come from two charts up?
What happened there?
WTF all them arrows doing for you? They makin you any money?
 
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