Ups and downs trading

some days you should just go to sleep or watch some porn like Alison Angel
only Brooks and you must have been trading this day

 

I think there was some great signals today, like shorting the test of yesterday's low. Now also looks like a good time to get long.

Again I am not day trading but just watching the market action and drinking beer... Its night time where I am...

 

which market
i am short aussie all day in and out
now 30 pips positive...looks lime a good trend.
your in thailand i too am drinking whisky and enjoying aussie dive

 

This thread is about S&P....

 

good reversal setup:channel overshoot and good reversal; a morning star in yellow box

 

most do not...just be prepared for a harder journey
"if you cannot learn the basics and watch a successful trader at work,restrict your trading to the supermarket"-Seykota
i did not have access to a trader successful or not....now i have in ET

 

i agree do not take any sell signals
sell signals are banned

 

Best suggestion I can provide, the answer does not lie in books, you must think outside the box. This is the greatest casino in the world, no one is going to spoon feed it to you, at most, the best you will find are good books on money management and discipline, a positive expectancy daytrading technique that beats slippage, commission, and human error that is worth your time is not available anywhere for free or even for hefty fees, that, you must discover on your own.

Again, think outside the box or forever hit your head against a wall.

Last but not least do not fall prey to vendors or paid rooms, those that cannot trade, teach and those that can, do not teach, simple as that.

 

since 25 jun, ES day range has been fantastic.
however, on 10 jul and 11 jul, day range shrinked to < 25 points.

I did not detect any signal on 11 jul (or rather I intentionally choose not to detect any signal).


notice that ES movement was

1. very limited
2. very spiky / jerky
3. very sluggish
4. patternless / disorganised / messy / distorted / deformed etc etc etc

and that's where we better don't trade because bulls and bears are undecisive (or big boys not interested to take huge positon).

Of course there are time even with these characteristics, price could still move substantially.