Excellent advice....used to do that when I used 15 minute periods years ago...set the alarm on the stove...so I had to get up and re set @14 minute intervals... Now use broad price range bars.... NiN
Yes, we need to prevent ourselves from trying to hard and just learn to relax back and let price do the work and come to us if we have positioned ourselves correctly. If we haven't then no harm done as a buy/sell order will not trigger. It is a lot like learning to ski. The harder we try, the more we tense up and the more we fall down. Only this time instead of putting bones and muscles at risk, we use money to absorb our over jealous efforts. This is the heart of trading in my opinion ... the maths is dead simple once you decide what sort of trading style suits you..
now we're at 1298. Straight up since the open, and we're at heavy resistance. The smart move would be to wait for a pullback, but I don't see that happening. I'll just wait on the sidelines and watch everybody else make money :/
Dont worry. At least you haven't been shorting it and getting consistently killed like most of the morons on ET (particularly the other threads as opposed to this one) Only people making money are 'airwaves', 'fedpeople' and the others who understand how the ES MUST move.
Sensible time to take profit on daytrades here at 1298 and wait for a little dip to get long and do it all over again. Rinse. Repeat.
There are down moves that you can profit from. What's difficult is the moves happen without and sort of retracement. Straight up, straight down. I wish the central bank would stop meddling in the markets, they ALWAYS screw things up in the end.
Just a little condescending don't you think, Candles.....really great to see people make profits regardless of their strategy... FYI I am short @9825...not looking too swift at the moment with potential 2/3 point loss...but it is a high percentage trade...so I took it... Either red salmon and capers or a bruised banana for lunch... NiN