Quote from PatientOperator:
Hi Matcha,
I think you did really well today in the PnL. I am more disciplined today. Having only 8 trades, made 3.25 points on ES. I had one SHORT trade that I lose right at your Trade B. You did the right thing to go long. Do you remember why you took that long trade? I still no sure why I went the opposite. May be I am thinking the down movement from around 10 am PT will continue. I looked at the 1 min and 2 min stochastic, they were O/B and I decided to go SHORT. But I should have paid attention to the 5 min stochastic which has already formed a round bottom and already coming out from the O/S area.
Looking at today's $TRIN, it has been between 0.75 and 1.50 for most part of the day. I considered it mostly a range bound day. The stochastic gave pretty good signals in this type of environment.
Taking a nap 
- I can see that a minor drawback of trading from the Pacific Time zone, you have to get up quite early (before 6:30 am!) to trade. But then, it's a plus that you can get off "work" early when other people are still working.
Hope tomorrow you will hit that $400 mark!
--po
You did great too!
I am not sure if my anaysis is correct on the trade B, but here are what i was thinking.
Trade B: 5 min is the center of the universe
#1. trend has reversed at 8am Pst.(price couldn't penetrate YTD low more deeply, created a double bottom with YTD's low, so today could rebound from here. Plus we had a more than 200pt range down day last friday.
#2, after revesal, price made 2 leg move to 200 EMA. Then come back to 50% Fib of the entire move. -Bullish
#3. that50% retrace is 10059-YTD;s close. by looking at the left side, i saw some demand here. -see the consolidation pattern? beween 8:30-9:30. So I would be aware of this level is can be a buy entry.
#4:Stocastic on 5 min, 11:00, did you see a double bottom div with the price? THen did you see a slightly a higher low on stochastic? you can also view this as a 3 hook shape. This made the 3rd hook(higher low) a high chance of success.
#5: more importanly, look at 2 min chart, price finished the 3 leg down move.(10:00-11:00)
So it increases the probablity of going long at YTD's close level. Let me know if you need me to mark them on the chart for you
The flaw of the the trade is taking profit too soon. I didn't expect the price will rally to 100% Fib exenstion, also the measured move could play out that well. But I went back in when price break the revious pivot high. So I didnt miss the entire move that much...
The good thing about trading west coast time is you can have an actual fullime job and trade the first hour. But it can be very exhausted to do if your job requires fully attention and 10 hours a day... Not to mention, stress...
Always very sleepy and tired everymonday. Because weekend, I slept late, so I couldnt wake up at 6:00am on Monday with 100% conscious...
as you can see your big sis, i' m facing a very smart & strong opponent(your sifu) ... i wanna a perfect-trade, my targeted profit is the seafood dinner but because your sifu is very smart & strong, so i must be flexible like water and accept his Mc'Donald's offer lol.