Yeah, maybe I should trade like ORB people and just wait for the whole daily bar. I would have make a killing. This stuff looks good on paper but my brain misses all the time. I am gonna try to focus a bit and less posting.
WHY are you fighting a clearly negative trend!!!! This should be the first lesson you learn. The market has struggled to get back above 1190 twice already and there is a lot of negative pressure. You were getting trapped in bear rallies. Look at the last 4 days or so where we have lower lows and lower highs as the market has been walking downwards. I am not saying I can see the future and know for sure we are not heading higher or trying to be harsh, but with these kind of negative indications there is no reason to go long unless you see some technical or fundamental change in the current short-term trend. I have just been watching look for some direction but the over all sentiment has been down and going long without some strong confirmation is how you get trapped in bear rallies.
Actually I think it is reversing here. This is Marty's rubber band trade. I can't get in (market stops 2 tick away from my entry 1178.50). I am still reverse engineering Marty's trade. Not ready for prime time. Of course he scales in and scales out.
That's an excellent execution @ 1178.50! What exchange did that occur on? edit : Oh I see, it was a "I wish it occured execution"!
That reminds me of Steve Martin's "Wish Sandwich"! Have you thought of trading with a longer timeframe and using wider stops? This current system seems to be making your broker rich and draining your capital.