NQ broke out of the open range (why do I talk about NQ? because I look at it during the day for guidance), but stalled before reaching YH (yesterday's high). And ES is stalled at the ORH(open range high)
market is in congestion - need to stay away and wait for a high probability trade instead of getting chopped up here.
sold 4 es here @ 1302. stop 1304.5 - just above daily high target 1998 reason $tick finally got negative, NQ rejected YH ES has failed break out of OR Although we do have a series of HH and HL on 5 min ES chart, so my selling could have been premature...
closed previous trade at break even as I never was happy with it. I broke my rule of not trading congestion and taking only high probability set ups.
I have no idea where I got these numbers from for OR... it's 1299.25 - 1304.25 = 5 points still confusing signals. lots of snow in North east, could be a choppy small range day after yesterday's run up. staying on the sidelines for now. I find it difficult to just observe the market and not be in a trade. I have to learn - to do nothing is a big part of trading.
short 4es 1301.25, stop at 1303, target AH low 1298 YM rejected 1200 yet again, YM, ES and NQ look like H&S formations.
I recommend you do this in private. So much about this business is psychological, these public forums will mess with your sub conscious.
If you are going to do this through a public journal, I would suggest you jot down your notes and thoughts down as you trade throughout the day, and then post an end of day summary to your journal. I cannot see how your posting of a blow by blow of your day trades is going to do you any good, but I can easily imagine it doing all kinds of harm. Also, "Looser" is not the same as "Loser." "Trading is a loser's game ..." You want to be the Best "Loser", not the Best "Looser," unless you feel you're too uptight, and you need to loosen up a bit. Good Luck, d-day