S/R Emini Journal

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Ok, Here are my numbers for tomorrow. Like I said today I am not going to use any resistance calls for the long side at this time. Only go long on a breakout of a bullish flag or pennant.

Short: 1356 - 1347

I hope you guys do good tomorrow. I won't be around in the morning but should be back for the afternoon session. In the last 2 days I have given back all my winnings from Tuesday. So right now I am scratch for the week. The last month my account has only grown slightly. Not happy with performance right now. I know It will get better though so I am hanging in there.

Gary
 

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Anybody else observe the "fakeout" at around 11:45 est? Noted that the ES was really accelerating but the DOW was dozin', so I held off. It was nice being right. Sometimes not losing is almost like winning.
 
Quote from billy c:

Anybody else observe the "fakeout" at around 11:45 est? Noted that the ES was really accelerating but the DOW was dozin', so I held off. It was nice being right. Sometimes not losing is almost like winning.
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I didn't catch that. I rarely look at the YM but now I see it.
 
Quote from Buy1Sell2:

An individual in your position needs to seriously look at not doing any daytrading at all. Take position trades only and hold them for days/weeks. When you are trying to cram your trading down to a time that is convenient for you and not for the market, you are setting yourself up to lose. Just as in a marriage, you must spend sufficient time or a divorce will ensue. As you force trades and don't spend the time needed, the market will divorce you.
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One further item that I wanted to mention to Captain Obvious--You also run the risk of thinking about the markets and what daytrades that you may be missing while you are at work. My thought is that your job performance may suffer due to this distraction and you may end up with trouble on two fronts. Three if you count the wife--
 
Quote from Buy1Sell2:

One further item that I wanted to mention to Captain Obvious--You also run the risk of thinking about the markets and what daytrades that you may be missing while you are at work. My thought is that your job performance may suffer due to this distraction and you may end up with trouble on two fronts. Three if you count the wife--
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B1, do you have the symbol for ES continuous data?
 
Here is my sr levels for ES Employment friday, granted that nothing to extreme happens during globex overnight. I am expecting a large gap up to bust all the ET traders shorts, get the whole word long and then they will bring it down hard. Highest density of CFs in the 1367-1367.50 area. If market makes new highs the buy zones will be canceled and moved higher. Should be good trading tomorrow. Keep in mind that SR levels are just a CF.
 

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