Hard to hit a groove when not trading at all.
This low volume trading just has me spooked that and a totally weird week of constant upward movement.
Journal is attached, but really doesn't say much.
Next week is another week...
Welcome to the summer doldrums, this is traditional action. That's not to say that it couldn't change on a shock but nobody should worry about forcing anything in the next 6 weeks. In any case if the Gann cycles are right you could still be seeing a lot of unexpected upward action (pullbacks notwithstanding) for a long time yet and there will be no obvious reasons why. Only time will tell if a failure is due and don't worry about needing to pre-empt one.
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Pretty much a go nowhere day with ES trade.
I am working at getting my ES trade down, why I don't know, but it is a good spot to start as far as trading.
Today was a low volume day. I don't have a trading strategy to take advantage of low volume ES days yet, however I did use the Keltner Channel strategy to guard against a late afternoon break in either direction off the 4tick RENKO chart from 2-4PM EST.
Today was just an asleep at the switch day.
Just a bit like the many branches in the road and which one to chose.
Without a defined plan I know better than to start tossing my money around, been there done that, but all this prep is killing me: actually not just feels that way some days.
Like my mentor says "The punch bowl will be there when you are ready."
My journal is attached. Was another zero trade day. Hesitation and lack of commitment on my part.
Wow there is so much here sometimes I feel like I am sipping from a fire hose.
Just got done Watching Big Mikes intro video again. WOW I should watch that about once a quarter. https://futures.io/wiki/trading-wiki/General-tips-on-using-the-forum
I feel like I am picking up something new about this site on each visit, and have recommended to friends as well.
Big Mike I had to try the at sign thing you talked about in your video.
One thing I was thinking that may be of use is a World MEMBER MAP like other sites have.
That way I could see how many members are from California, and even San Diego.
Other people have mentioned meet up groups, but it is nice to know the logistics involved.
Today is another do as I say not as I do day.
Wow we can all give great advice to each other, now if we could just follow our own advice.
Well I did follow my own advice on one thing today... I'm TRADING SIM... YiPee... No harm no foul, but as we all know when you are there even SIM losses hurt.
Today started semi okay and then later turned out more like .
I know I need to get trading with a tested strategy, learn C#, and NT7... Yet at the same time I want to trade...
ARGE... I want to be everywhere at once, and so I am basically nowhere and getting there fast.
Smartest two things I did a while back was:
1. I put a portion of my money in some good mutual funds.
2. I went to SIM trading.
Okay... Will post my journal and losses later today.
Just have to stop these melt down days. They are killers.