S/R Emini Journal

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Quote from JimmyJam:

There is nothing about this market that currently says "Buy", I'm holding my shorts and letting it screw around as much as it wants to.
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Just don't hold on too long...This market is kind of weird today...
 
Quote from JimmyJam:

There is nothing about this market that currently says "Buy", I'm holding my shorts and letting it screw around as much as it wants to.
More...

JJ,
Are you still in?
 
Quote from 4re:

Just don't hold on too long...This market is kind of weird today...
More...

Hey Guys!

Gotta believe the end-of-month/quarter funds are buying and selling to manipulate what they're holding.

Be careful out there.

MiniDowTrader
 
Quote from MiniDowTrader:

Hey Guys!

Gotta believe the end-of-month/quarter funds are buying and selling to manipulate what they're holding.

Be careful out there.

MiniDowTrader
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You could be right. Something is weird about today
 
Quote from 4re:

Just don't hold on too long...This market is kind of weird today...
More...

There is a truly excellent dialogue between Romik and KRSNA regarding MM, Max Loss and Expectancy in system trading right here (you have to read down to find it):

http://www.elitetrader.com/vb/showthread.php?s=&threadid=71637&perpage=6&pagenumber=29

and here is an article on how winners learn how to win:

http://www.sciam.com/

Note: The Scientific American Link is to the main page. You must scroll down to find the actual article, the title is:

PSYCHOLOGY AND BRAIN SCIENCE
The Expert Mind

I'm just keeping myself busy while this trade either works ... or it doesn't.

Later,

JJ

P.S. ... just in case anybody claims plagirism, the SA article wasn't mine originally, I found it on another thread (I do that a lot, read through threads, find stuff ...)
 
Quote from 4re:

You could be right. Something is weird about today
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Monday's are bad enough. I hate days where it just tries to chop you to death. I agree though today does seem weird. Nothing is really moving, indexes, oil, EC( maybe a little there but nothing spectacular.)
 
A lot of people are getting ready to go on vacation, and as such the volume is crappy at best. I'm afraid the whole month of August will be like this...
 
Quote from 4re:

JJ,
Are you still in?
More...

Believe it or not, yeah.

This #@!# market kissed 1283 (stop @ 1283.25) a couple of times. Looks like it's either going to consolidate or turn around and drop (which is what it's supposed to do) :p.

I've decided I don't like Martingaling (too much risk if it don't work out).

In the meantime, I really need to get some coffee.
 
Quote from Trader273:

Monday's are bad enough. I hate days where it just tries to chop you to death. I agree though today does seem weird. Nothing is really moving, indexes, oil, EC( maybe a little there but nothing spectacular.)
More...

When I get confused trying to figure out what they are doing, I stop playing for the day and watch. Every now and then they will tip their hand to you if you sit back and wait. Nothing is telling me to buy or sell right now anyway.
 
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