Have resisted the urge to overtrade and turn a very nice morning into a break-even (or worse) day. Spoos doing the chop-chop in a bad way. Will look for a "melt-up" or "melt-down" into the close. Lack of "melt-up" yesterday btwn 3:45 and 4:00 makes me skeptical of a decent short cover rally today -- but we'll see. dog
What a shitty trading day today. A small drop at the open then a brief run-up and since then the 5-minute has looked like a seismograph. *YAWN*
Damn! Today was an easy day to scalp like crazy up, down, up, down, up, down Was just too chicken shit to do it!! Arrrgg, Just 1 trade today +$427.00
Today I just sat it out..... Just a "Feeling" ....... can't quantify it..... Which brings up a question for ET'ers..... When & How, do "YOU" determine the day will be a chop ?
Well, I was not trading today because my systems gave no signals, but nevertheless I was papertrading my newest brainchild, a new mechanical trading system that I will probably brag more about in due time because it does seem to work great. So today it took only 3 trades and scored 6, -2.25, and 5 ES pts. It could have been worse... Actually, after an over 30 pt daily range in ES yesterday, I am not surprised that today we got what we got.