8:02 out at BE .... have to read NoD's post fast to see what to do now :eek: I'm only part way thru! 8:23 Opps, I was one 5 min bar to slow... would have gotten in at 1278.25 having read Nods above post See if it goes to 1280.25, which would be similar to yesterday... the patterns look very close so far.
Hard to leave when it's moving so nicely, but have a huge job to do and then the airport. Sure doesn't look like it will retrace towards the O/N low... I'll see this evening. Besides, I'm still on my "Flu affect minimal trading schedule!" This evening is my last trading class for awhile. That will free some time, I'm going to look into Al Brooks monthly ...siminar? Thanks NoDoji, what you are saying is making more and more sense.
Nice read, Hooti! That 1278.25 would be my long entry choice, definitely. I trade ES with a 2 pt stop, 4 pt target.
Cool NoD... Trade of premrkt econ repts... Bracket set at buy stop 1283.75 sell stop 1282 O/N trading range was about 3 pts, and 5 min bar prior hovering around 1283.25 so tgt stop limit 1286 tgt buy limit 1280.50 In short 1.5 pts
Freed up time for look at the close long at 1:59, 1279.50 Again, it was crossing the MA's, and above the long term TL Out 2:02, 1281.25 +1.75 Not sure why I picked that as a tgt, it just seemed right! More was doubtful. Must be over the flu finially, the set-ups are working again!
I'm in long, but not happy with what I did.... just a step to slow over and over.... I was aiming to bracket the 2nd bar of the day, based on the first. But The 2nd bar was moving faster than my entry technique, so I chased it up and didn't get in until 1.25 pts higher than was best. I've done this before... just to chintzy about getting in. It's an entry error, just a psychological one. So I set for BE, and hope I can get out there. Long 7:37 at 1280.25 stop 1278 Out BE 7:50 *laughing* but while typing this it entered me short via my protective stop better tend to that yipe lost 3.25 points. Just to slow... reversing the profits of yesterday! better take a break , maybe for the day!
Actually, this kind of day is very important to me. I started this journal with a litteral event with my Dr. The key quote here was: "I'd had a brain injury a few years back. This year I was distinctly proud of being clear enough to tell her that 'how my brain was doing' was a question I really couldn't answer, I didn't know. In the past I'd say "oh, I'm almost well", and I wasn't." A very real reason for me to be here is to become more self aware. It's a kind of judgement I need to... well... I still have a written goal of aging gracefully. Choose that one some time ago. It's a little more complicated now than it used to be! But to find some gracefullness in moving thru the day. That takes self awareness and judgement. I have really good days. And not so good. Working here I'm becoming much more alert to which is which! With a brain injury, it's possible not to know that. I'm learning, making connections, I had a clue what this day was when I started. So this is a good day for me. And so far it's costing me much less than the medical comunity has charged me! One possibility is to find better, safer, ways to trade on down days. That's the compensation thing. Or there may be more days I just need to sit out or sim trade. The stream of candelsticks will jsut keep coming when the day is good. I have this mental image of waking up and placing one trade [unless I'm totally no-way]... and letting the market... be in a dialog with how I am. If I'm sharp run with that, if not... OK... I'll work my day that way. Kind of makes sense! [it's not so much that I win, as that I'm able to keep up with my trading rules... that kind of thing.] Thanks for your patience as I work my way thru here!