Well said... I see some threads where traders want X per day but simply doesn't work that way.. no worries I will improve.. just a matter of time and that I have I hope.
Morning Prep.. Seems 1810 area should be a no-brainer short. The daily looks though like yesterday's bottom will hold so will watch if we head back down there... "Looks" like a potential Cup and handle in the making if we stay above that low... New Homes Sales, Bernanke, AND Geithner speaking at 10 so will watch for chop.
Missed (refused?) key trade of day (so far) but finished ok... Complete control otherwise.. a short stop at 1810 may be a good idea but don't want to baby-sit have other things to do.. +8.25 for the day..
Morning Prep... ES could barely look worse.. big H&S formation. Importance of 1090 can't be overstated.. A break and hold will spell this week as a true lower high on the daily.. NQ a bit stronger.. sitting on it's Trendline.. Still it could hold and head back to 1809-ish today but how much bad news can the markets swallow? I doubt today is a minor chop day. 1800 to 1805 as short areas.. System reversals only of course.
Today shows more than ever that anything is possible in the markets so leave your biases at home.. Also stresses the dangers of reading news (the best trader trades from an island with only access to things, charts, execution platform, and the timing of important news released during market hours.. maybe a woman also..) absolutely no access to groups of traders.. Yes the markets are manipulated.. blah blah blah.. Overall a good day in that I avoided being eaten alive in the chop. Bias was VERY costly though.. Learn to trade as if on the Island.. +6 for the day..
Morning Prep.. The daily cup and handle broke yesterday which should mean new highs soon but data later this week may change that. Converging TL's on the hourly into 1850 to 1858 (bottom of January box) should at least slow progress. Steep hourly Trendline a bit too steep to survive long so a test of 1830 possible.. For today looking to get long 1843 to 1846 area on good setup, OR short really good breakdown from mid/high 50's.