S/R Emini Journal
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25% margin in my account. I split my account into quarters. I trade one quarter of my account margin each trade. I usually use 2 point stops but if I get 1.5 points in the money and the market reverses I will stop and take profit. Today I didn't do that because I was trading like a dumba$$ and not paying attention. Eventhough my trade worked I got lucky today and will admit it.
I had patients calling me and was switching between my patient schedule and charts. Today pisses me off eventhough I won.
Well, your long call from last night of 1260, did work out well (which I guess is what you trade worked off of, even though you thought it was 1261.5). 
Quote from sandygray66:
Well, your long call from last night of 1260, did work out well (which I guess is what you trade worked off of, even though you thought it was 1261.5).
It did and this afternoon I will be happy. But I hate making mistakes on something as easy as order entry. I'll get over it.
You are right and I was looking at that also. I just wanted to clear the congestion from 2 days ago first. Since the congestion was during lunch time it really isn't that strong most of the time. So your entry would have been great. Did you trade that one? Are you done for the day?
Do you mind letting me/us in on some of your methods. I would really be interested in that. You seem to be a very skilled trader and I think our styles mesh well together. We are just different enough to keep things interesting.
I know what you mean about clearing congestion. And there seems to be more of that in the ES than the NQ, which is what I trade. And since I trade the NQ, I didn't take that trade since I was already in with an NQ trade.
As to methods, ours seem to be very nearly alike in terms of locating S/R, but I don't have anything on my charts except price (except for the TICK chart, of course). And I have a bias toward trading early on since I'd rather hit the target fairly quickly than hit the target eventually (when people start thinking about what they're doing, price tends to slow down). And the slower it is, the wider the stop -- generally -- has to be.
And done for the day, yes. After I cancelled my second trade and saw all that mess forming at the limit, I decided to hell with it. (As to the second trade, my buy order didn't get filled [this was at 1000] and price took off, so I just cancelled the whole thing; I could have tried again when price came back, but the "news" traders were jacking price around so much, I decided to pass).
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