I'd like to become a better trader

covered at b/e $tick is still above 200 and YM didn't fill it's gap, may be another push higher to test YH or lunch hour congestion. anyway, taking a break for now. I'm getting too trigger happy. Need to walk away from the screen for a fresh view of the events even if it means missing a trade. it's better to miss a trade then to keep making mistakes. there will be many more trades...

 

hi there,

just maybe some advice,

if u wanna trade easier, find easy trades !

i mean , if u trade only s&p futures or so, these are fully crowded ultra competitives trades to do.

Find some decent and low volatile stocks to trade first (CAT, DE, RL,YUM....) when u will be better disciplined, u can go back to more crowded trades, until then u got to change the product ur trading.

Good work

Cheers

 

long 3 @ 16.5 stop 15.25 -> bounce of DMA

 

out @ 16 -.5

was a bit early, then reentered:

back in @16.75, stop 15.5

 

You might want to consider using cash price for your gap entries due to the eroding nature of ES.

 

Keep reading it over and over until it becomes second nature.

 

fwiw ~17.5 is the 50% retrace of the last leg which can become resistance


There is a large IHS on cash which points to an entry around 1316 cash or ~ 1313 ES.


Any stop placed between there and here is fair game.



As long as 1316 cash holds then the patten projects to ~ 1329-30 on cash

 

closed at @16.25 and reversed
short 3@ 16.25, stop 17.5 ->NQ is leading on the way down. ES PP rejected. YM is trying to hold 1200 though.

 

stop moved to 16.5 on my short. Price seems to be stuck, but we have a series of LH.

 

NQ is leading to the downside in volume, es and ym are not moving