Got knocked out 6575...sixth sense told me to halve my exposure ....didn't...loss on day ...back tommorrow.
Well I missed by a tick. What if I had entered and got stopped out by a tick, then would we also say it was a mistake? System is down after a day and a half, no big deal in my book. Anyways, pulling orders until after we get the beige book headlines. I see the orders and volume are getting pretty light here about 40m before.
Have to step out for a few hours, so I will just be leaving a long at 64.50 (had a long at 76.25) until the close.
I am jumping ahead of myself, but there is a SHORT 7450 confirmed from 6525 +10...picking up an either 3 point profit 7150 or stopped 7750. Noticed that both "hard 10" and 9-11 in. Strictly speaking, I should not have put this trade on until after 4.30 est.
Just got back a few minutes ago, I meant short 76.25 not long. Should have entered into short at 76.50 if I was here (using 3:10 and 3:15PM EST 5min bars). I'm going to see if I can get filled, just waiting for now with the short order.
trying to get filled 1276.25 (missed the .50 by 5 mins). That's a good place to go short, as I see negative divergence on the histo. Edit: I'm in. Edit2: Today's move of the day was Pekelo's call to short @ 1281. Unfortunately I was: 1- Biased to the long side 2- At work 3- Affraid of the beige book to take it. I took this morning's long signal (I jumped in @ 1271) and got out at 1277 on 1 contract. Scraps compared to that 1281 short. Oh, and I kept last night's sell @ 1278.50 and it hit, so I was neutral for this morning. Too bad I can't post during work hours (firewall), or else I'd help make this board (and the ES one) livelier.
All of the losing trades came from taking long signals, what does that tell you about the trend ? If one followed what the simple 9/18 was saying they would not have taken those long signals. Simple as that. As I have said all along, if you are on the wrong side of the trend using r10 then you will grind all day and will only be able to capture minor retracements. 9/18 helps keep you on the right side of the trend period and lets you capture more profits by riding the intraday trend. There is a reason why I never let myself lose more than 3 points total in a day ever.