Are you saying that every trade you take has a chart like that? I easily scored correct on each of the charts you presented. Bottom line, my MarketDelta was all over the place in terms of the delta number. Yours appears to show an increasing delta at each bar, confirming your decision to go long. My chart would fluctuate all over the place. Sometimes doing what you've shown, more often than not, one 5 min bar would have a positive delta, followed by a huge negative delta on the next bar, followed by a positive delta on the next bar and so on.
Yes, I like these set ups as well. Another method I like in the summer is just to watch the Bollinger Bands and when they get real tight and start to make a move price is usually very good for a strangle or straddle. I have been building my Q's positions since July.
In regards to "hope" I can add my point of view. Yes everybody hopes that their trade will work out, but there is another hope, where a trade decision is made based on trader's feel of current market sentiment, rather than having established enough reasons prior to enter the trade. Basically, if a trade decision can be explained, then there is nothing wrong with hoping that trade is a winner IMO.
I hope with every trade I take that I am right. I'll even cross my fingers and scream at the monitor. All no no's in others traders eyes but I use any and everything at my disposal to make that trade work.
I did not tell you what to say or think. I just stated a important premise that is one of the foundations of trading for a living. Don't push me if you still want that backstage pass to my concert.
I need to leave and take care of my Corporate taxes and run a couple of errands. If you guys don't mind doing me a favor just hold the market where it is for a couple of hours. I would greatly appreciate it.
I thought your favorite book is The disciplined trader ? Where in mark's book does it say that lack of control over your emotions fit into discipline ?