My Daytrading Method
- Thread starter eminitrader007
- Start date
Quote from Boib:
A little panic maybe?
Letting emotion override the system?
fwiw; I don't have any money out there only 20 20 hindsite
Great journal.
You're absolutely right. Kinda like once bitten twice shy, except that I was bitten three times in a row. Actually, I knew what I was doing -- I needed to get few small wins in my bag to build some confidence.
Atleast I know that my strategy works.
Not really!!! March ES closed at 1273.
Thanks for the insightful contributions to my journal!!!!
Well I think it's a step in the right direction to be taking off with some profits...
Here is the range for March 10th. 1292.25-1293.25
The ranges are for the June contract. The price closed at 1283.25 at 4pm. The price did go up above 1293.25 but was rejected, so this will be a major resistance in the coming days to weeks. It is very unlikely that the price will try to test 1292 tomorrow.
It is very likely that we will see a sell-off in the first hour and some rebound and sell-off again. This usually happens when the value-range and the closing prices are at two extremes points of the day. This is a pattern that I had noticed in the past.
Remember that 1277 in June ES is a major support. We could go to 1277 in the first hour, pullback to 1287 during lunch and back to 1277 to close. It does not necessarily mean that it's how it's going to unfold but it sure does help to be prepared.
If I notice anything unusual during the overnight session, I'll let you know.
I'll stop this journal at the end of this month whether I do good or bad. So if you guys have any questions please let me know. I'll be happy to answer it.
The ranges are for the June contract. The price closed at 1283.25 at 4pm. The price did go up above 1293.25 but was rejected, so this will be a major resistance in the coming days to weeks. It is very unlikely that the price will try to test 1292 tomorrow.
It is very likely that we will see a sell-off in the first hour and some rebound and sell-off again. This usually happens when the value-range and the closing prices are at two extremes points of the day. This is a pattern that I had noticed in the past.
Remember that 1277 in June ES is a major support. We could go to 1277 in the first hour, pullback to 1287 during lunch and back to 1277 to close. It does not necessarily mean that it's how it's going to unfold but it sure does help to be prepared.
If I notice anything unusual during the overnight session, I'll let you know.
I'll stop this journal at the end of this month whether I do good or bad. So if you guys have any questions please let me know. I'll be happy to answer it.
Well, I felt that I found a system that worked. I have been around here for years and I learnt a lot from ET so I wanted to share what I found. One month should do it.
Watch these two numbers: 1277 and 1287.
If we get to 1277 before 1287, it'll be a range bound day.
If we get to 1287 before 1277, it'll be a trend day.
These are my new observations based on past actions. Will see if this will hold true today.
If we get to 1277 before 1287, it'll be a range bound day.
If we get to 1287 before 1277, it'll be a trend day.
These are my new observations based on past actions. Will see if this will hold true today.
Sell at (( 8.30 Open + 1292.25)/2) with a 4 pt. stop.
Sell limit 1288.5 Stop 1292.5