I missed the huge rally up and never had a chance in my rules to enter a trade after my two tries going short.
Friday I missed the first hour but managed to make a little going long.
What a ugly day for me, I haven't had a worst day in a long time. I need to follow my rule and not try to front run trades. I was watching the ES and trading the YM, not a good thing for me I need to trade what I see in front of me and not worry about other markets. The YM stop at 50% of the morning move up while the ES retraced all of it. I should have been long today but made to many trades agaist bias Up.
-81 PTS
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I've given back some equity the last couple of day. I need to focus on chart and not worry about other market (trade what I see). If I follow my rules I won't have 4 days of losses.
5/18 I need to hold and not get out early -3pts
5/19 I was busy and got out of the trade early. -8
5/20 I to focus, be prepared, not trade stretched markets and no more fades. -42
5/23 the market was stretched again. I also need to hold the risk and not watch ES or the Dom -12
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I had great day, one bad trade but I followed my rules. I had 3 trades,the first trade I added to my position. The second trade I did not follow my rules but I had a small lost because I traded half normal size. The third trade short was a good continuation trade and I also got lucky with my exit.
I had two Euro trades, the first was good and the second was against my rules (a fade).
ES +108 pts.
Euro Last two days +37pips
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A roller coaster ride for me this week. On Wednesday I kept tiring to fade the market and lost my shirt. On Thursday I had a great trade going and had to exit early. On Friday I got out early again because of a meeting and missed most of the move up.
Wednesday -114
Thursday +51
Friday +3
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The YM retested the macro high at 13250 and held. Now it is moving down to retest the 13130 area again. I'm looking for any short setups off the opening; I will hold them down to 13130 area for a small scalp. If we hold 13130 then I would expect the YM to break through 13280 make new highs. If we bounce off 13130 and make a lower high then I would expected that we could break 13130 and possibly retest 12800 area again.
The following user says Thank You to brettwilson69 for this post:
Monday was very sloppy in the afternoon, I did not follow my rules and lost 4 trades in a row. Tuesday I had one not so great trade and up to the moon after news. Wednesday I missed one trade and set my stop in the wrong place but had a good day overall. I need to stay focused, follow my rules and prep.
The following user says Thank You to brettwilson69 for this post:
The YM has moved up in the overnight, Marco bias is holding at 12480. My basic plan of attack, 12370 holds then long up to 12480. If we clearly break 12370 then shorts down and through 12300.
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