entering in unknown, exiting in the known

October 14th, 2014, 01:27 PM

I'm in Aus, just got up for a trip to the toilet and the office is next to the bathroom, so checked the charts, noticed the ES pulling back - grabbed 8 ticks using concept of post's title

structure:
we are moving off a restest failure at 1864
the 4BetterRenk chart below shows how price got extended away from the mean before rolling over at 1892
you can see previous resistance becoming new support.

However, when you look at when I entered long on the short term 1000 tick chart, at time of entry, downtrend is really obvious, ie known and any reversal is unknown .
I'm just using structure points and mean reversion underpinned by bigger time frame uptrend and trying ti stay 1 step ahead of the crowd.
price at 1882 at time of positing.... right back to bed

October 14th, 2014, 08:01 PM

copied across to my journal where it should be

The Land of Vegemite Trading Journal (intraday)

Hello from Down Under,

Using my live trading, I'll journal the key components of my discretionary trading approach, and my discretionary foibles:)

The key areas I continue to develop are:
Money Management
Self Awareness and Self Management
Prep
Structure …

entering in unknown, exiting in the known

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entering in unknown, exiting in the known