If it finds support around 81.10 you may think of a long to retest 81.50 but that was a pretty clear failed breakout at 81.50. If it breaks 81.10 i think short would be the path of least resistance.
Itching with sideliner's remorse to put on a live trade, but... sim +.16 add .27 stop .16 add .38 [Edit: hit to join the bid at .34 but it moved that fast - poor entry] stop be .27 Target around 82 if ES doesn't start tanking again ("saw" funds buying at 81 plus weekend coming) :08 stopped out at be - got in late with a poor average price, but I still think it's going to break
dang does my stop have to be that large? Pray for me Risk, may we wake up rich surrounded by 7 virgins.
Thanks, but I wouldn't bet against Herr Kid (I know you and Ammo move in a different time frame, so I try not to mind you)
Net = $-200 Total trades = 10. Todays mistakes: 1) Didn't wait for 5 min bar to close. 2) was away from desk and after returning should have carefully looked at the action before jumping into the trade.
For 2) Get a checklist http://www.amazon.com/Checklist-Man...1742/ref=sr_1_1?ie=UTF8&qid=1285957462&sr=8-1
The problem is most of the mistakes I am doing are on my NOT TO DO LIST, but when I am on the trading wheel they just wipe of my head for few minutes. nowadays I try to think twice before I trade to avoid certain mistakes which has nicely reduced my overtrading. still need to work on it.