For me the most difficult aspect of trading is I am a perfectionist so instead of varying levels of success I see only varying levels of loss....
Journal should read "a 2 or more unit trade would use that possibility"
I was thinking of you getting that as it went.. Very well planned and worked out. Need to LET GO OF WHAT I DON'T GET though as I am now thinking...
Morning Prep.. Ugly morning.. Kissed 1790.. Easy to rush in short on opens like this. Hourly TL's definitely broken.. Hope to short a reversal...
I need to simulated large loss days as I am incredibly calm and controlled the day after.. Trend definitely up but all trades short?? NQ very...
The fate of the markets depends a lot on XLF formation..
Morning Prep.. For a repeat of the run-up last few months today must be an up day. Watching Yesterday's close and overnight high (1773.5 area)....
Good call on that.. so far..:)
Schaefer, Time frames.. you are right.. I watch the hourly but it can't be traded with a 2pt stop. Currently using a 1600tick which I am...
Trying to learn here... what were the factors that would have comforted you in a long position when we were under 1751 other than your trendline?...
True ammo .. BUT current direction is up.. 1790 possible.. CSCO reports tomorrow.. who knows.. we don't need to know anyway..
No doubt I was not completely objective this morning..
Something else.. Trendines are broken and negated all the time.. no problem as that is life in the jungle.. hence the unwavering need for...
Here is a clean one... Regardless, not waiting for system trades at the core of my troubles.. not insurmountable but nevertheless slightly...
Schaefer, Is that an hourly chart of NDX or NQ? Here is your chart.. there was a break this morning??
Back to Sim Trading until I can consistently follow rules...
I did not take the early 1760 short, waited to the TL break on hourly but missed the part about waiting for a fresh downward reversal (system...
No trades today with connection issues early.. Wedge building.. Will be looking for 1760 to 1764 area short tomorrow..
New Month... Better trading ahead. Morning Prep.. Looking for action at 1760 though a little wall 1752's, currently in a no man's land. 10am...
Fantastic system!... Most of us are trying to avoid that.. :D :D
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