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goodoboy
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Content Count
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Everything posted by goodoboy
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Steve, you right on that part. Gotta friend of mine considering paying 350 a month for an indicator.
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Lost -0.50 on this one. Done what Mr. market for today.
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long 1450.25 reason: tested lows down there at 48-49, so buying in hopes that 51-52 is take out to the upside.
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Well, brokeven on that trade. Price just wouldn't push lower, so now wait and see.
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My stop was at 1452.50. Now its at breakeven.
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Say that again, I don't understand what you wrote?
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short 1451 reason: Trend of the moment is down, and I have 1452 as resistance from overnight price action. Waiting for 1449 to be tested and hopefully break through.
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Thanks TheNegotiator, Well, said and I am in agreement.
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Thanks for the input and comments. No, I do not use market profile or maybe I do. I really don't know, but I follow price action and look for support and resistance of what forms for the day. I don't want to get into market profile, I simply just want to follow the price action and see what happens next. If I go long, I look at the chart for what be next target or high it can go. Vice versa for going short. Thats it, cause now I know that most of the business its mostly emotional and risk management, so I focus on that for now.
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Hello Buddy, I am trading paper money on ES as well. And its all emotional and second guessing yourself. What I just added in my revised plan is to only look for 2-3 trades per day. I really want to scale it down to 2 trades per day. By scaling down to less trades per day, it will force you to wait for the setup. But stay on it and realize your mistake and correct it. You are doing fine. Don't leave sim til you got it together.
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breakeven again. looks like no new highs today as that was my target. Back to this 1462.50 again.
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long again 1463.50 reason, 1462.50 is support for me
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well, -1pt on that. This opening look weak, or maybe overbought from trending up the last two days. I am on sidelines now. Maybe even call it a day!
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breakeven on that, no long again at 1462.75
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long 1461.50 Reason:Price action is trending up and buying on a retracement. Waiting to see if current high of day 1464 will break through and next resistance is 1468. So target is 1468.
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It was good short price, not sure if it was my one contract. Now, have to wait for FOMC minutes to see how that goes.
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Out at 1457 and now watching.
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long 1452.50 reason: market going up after date release at 9am so i might as well get on board.
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Thank you alot for sharing your system and the additional daily comments on the markets. They are well read by the new trader! It seems the system is working well for you. That's always a good thing when hard work equals good results. Keep me (or us) updated if/when you want to share how to calculate the distribution lines. Or just keep us updated how your system is working as you continue to trade your system. Thanks,
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Got out at 1443.25 as this 1443 area showed some resistance dis morning.
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long 1438.25 reason: I have 1436.50 as support from price action. Watching carefully here. I want to see 1400 break above
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Is it just me, or does anyone feel like a complete dummy, when you exit so soon. Totally my fault for exiting so soon. :crap::crap:
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Got out at 1437.25, Fair day today. Still ended on a loss, but i need to work on patience still and catching the first move cause from 12pm to 1pm, it was like playing tennis with this thing.
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long 1434.75 reason: support is 1434, went down to make new lows (for now) and now I see if 1437 can break above.
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Lost on that one -1.75. sitting on hands