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Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#51 WED
12.19.2018
Nope, no "wild swing" yet but last chance with last FOMC Day to blow-up all three sub-accounts at the same time today.
90% rate increases... if not, then expecting Santa Rally into New Year Holiday!
Oops, there is another chance on Friday, quadruple witching option expiration, and last day to trade December contracts.
Be careful!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Can you help answer these questions from other members on NexusFi?
Yep, 100 points range "wild swing" on WED FOMC Day!
Shaking-out intraday trades on both sides in nano second at the rate announcement...
The higher Short S2589 that hit T2487 (algos program selling) had to be limited order or else it's impossible to get filled,
even chasing it.
Mid-November's low 55 as previous Low is holding down.
Yesterday, price action at Double Top @54.44 YHigh made me think that it's LIS.LineInTheSand for Bears.
If November's Low @49.41 Low not holding up, then aiming for T47-44.
Note:
Good …
Emini Index ES could have another 100 points more on downside, but it's time... to start taking the first SwingLong position near the low of day @2441.50 for March 2019.
Why? For clue, take a review of old charts from W#46 1S2K4ES#5.Review.Monthly.Summary, huh? Hint: Pay attention to "Yellow" and "Green" drawing.
The attached Daily, Weekly charts were showing both sides with ABC triangles, a Bulls vs Bears battle that one side would have to give up if can't hold their LIS.LineInTheSand.
What's missing? Volume... especially …
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Last chance to blow-up all three SIM sub-accounts at the same time today...
Mission accomplished, now what?
Regardless how many accounts you managed to blow-up... one, two, or all three in SIM?
You still need to figure out the three "W's" of WHEN, WHY, WHAT, and then HOW as follows:
Newbie mistakes, from THU Reversal Swing Long positions
1. Just one sub-account SIM.Long by
... holding preFOMC.failedBD.SwingL2533.75
... holding postFOMC.SwingL2445.75
... kept adding more Long positions (average down)
... kept moving stop-loss lower
2. Second sub-account SIM.IntraDay by aggressive going Long on pullback at 4amET, preMarket @POC, 10amET, and
... not using stops or trailing stops ALL these intraDayLong positions
... over trading and adding to losers
3. Third sub-account SIM.Short by
... reversing SwingS2671 and aggressive going Long
... revenging Trades
But the worst mistake as a newbie is to give up with frustration and not even SIM trading the next 14 days where potential late "Santa Rally" leading to "Short-squeeze" into New Year Holiday, and next New Moon cycle.
"BEING wrong is acceptable, but STAYING wrong is totally unacceptable"! --TopStepTrader
So HOW to avoid from being "Blow-up"? Let's start by reviewing Daily, Weekly charts for weekend homework, huh?
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
Homework over weekend during holiday? A little harder than I thought... but I did it; then too tired to even post it.
Therefore, let's talk about how to avoid from being run-over without homework.
Discipline:
If follow the trade plans from the very first "Introduction" post, then wouldn't even get into any trouble; furthermore,
SIM.Short sub-account is for Swing "Short" only, no business of taking "Long" position.
SIM.IntraDay sub-account is for "Short" or "Long"; should not be holding any position overnight.
SIM.Long sub-account is for Swing "Long" only, not enough margin to be holding more than 1-2 contracts
Must know where to get out before getting in. Better to have your broker implementing a day-trading-loss limit to prevent a bigger loss.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#51 MON 12.17.2018
cDEC2018
Updated:
Gaining vision back but wearing glasses was not as comfortable as contact lenses; plus having to change bigger font size for easier reading.
Taking twice as long to do weekend homework, three times if accidentally hit "erase" all fibs button that's next to "save" button.
LD2T.LastDayToTrade not 'til Friday, thought about trailing stop but decided to take profit instead for last OLD contractrollSwingS2812after retested February's Low.
Focus on NEW cMarch 2019 SwingS2671 from now on...
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#52
SAT-SUN 12.28-29.2018
Last week, I finished weekend homework early on Saturday afternoon before going to cousin's son big college graduation party; then staying overnight with my sister at the last minute--thinking it's party time so didn't bring my laptop.
Woke up just in time for last Sunday service at the Temple... ate too much vegan's food... not feeling like posting any journal.
Decided to sleep early after watching Sunday Open of first hour.
Next couple days were just hangover from New Year Holiday... so no posting either.
W#01 SAT 1.05.2019
Today, Saturday "do nothing" day becomes "nothing but homework" day; let's go back to where I left off, huh? Celebration is over... it's time to catch up!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#51
MON 12.17.2018
DoR+2
Crude Oil CL rolled over early than scheduled to cFEB after Sunday Open... too busy to trade ES; therefore, only two trades:
#1. The "SellTheRip" trade T10K Chart iSwingS2601 @11:30amET #beABC2T141%2540 hit & took profit near EOD
#2. The "Reversal" trade 10M Chart iSwingL2540 @3:45pmET after NextmmS38%2602 T141%2537 hit
Finally reTested February's Low @2540
@4pmET Total Volume>2.7M which was more than the average daily volume.
Are we there yet? Maybe 2/3... it's not over yet.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
