This Chop-Uptrend... if you don't buy prior day resistance you suffer (given 2pt stop) buying even mini breakouts.. glacial pace annoying.. A swing trade would have been much more peaceful.. 20/20 hindsight of course.. Something so contrived about the whole thing..
Final Sim day.. back to live next week.. Easy to take trades without cash but strange detachment.. +7.75
Morning Prep. Hourly uptrend intact. Still Higher lows on Daily. Looking for Long entries.. 1821 to 1824 would be nice reversals to take. ES.. break of that 1111.25 table could provide some gas.. On the short side that upper Trendline has been holding and currently looks like 1838 to 1844 area next touch area which was a fought zone on the way down. Will consider a good short setup there..
Probably.. GOOG has been the weakest thing on the planet.. AAPL needs to help out though.. 200 has been a magnet but looks like a large H&S on the daily - head 210 to 215.. may build 1 or 2 shoulders defining the monster.. I had a short from 1818 looking for 1806 but 1812 held too well so I took 1814. These markets travel so crooked.. Hourly NQ looks like possible H&S.. Shoulder up to 1824 area...
Felt like work today.. takes a lot of focus to trade just nearly well.. Struggled with patience today as I had to wait to get paid. Need to get used to it as a lot of days are like this. All I am being asked to do is sit and wait. First and Last swings of the day the best ones as usual. Moved no stops.. 5 trades not good.. +7 for the day. If we close under 1825 still a poor daily bar as we have our lower high, although microscopic but could be the start of at best, a sideways box..
just curious, what value do you think tick has over a time based chart for your style of trading? I do a lot of trendline type trading, mostly channels and I find time based works better for me. I feel its mostly trader preference, but just curious...