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Today looks like another move up for the ES. The 1223 area is the next area of resistance with 1197 area support (micro bias) for the push up. If we break 1197 we should corrected down to 1176 and possibly 1155.
The last two weeks I have had way too much execution error to be a profitable trader. I make a little in the week with tons of mistakes then give it all back on Friday. I have direction pegged most of the time but seem to mess up the entry.
The Es has a huge gap down this morning and I'm looking for a rally up to 1196 to 1200 before we start to move down. If we hold resistance look for 1184 and 1176 for areas of support.
Another bad day I need to work this out, it's like the old me is back and that doesn't work here. I had mix ups in direction, missed trades, trades that were too far extended and fades. Random trades are taking me over; I need to follow my rules to a T.
To many trade -3.25 the total no the chart is wrong.
The ES filled yesterdays gap in the overnight session and will open with a gap up today. We have macro bias at 1197.50 and this would also close are gap. I'm looking for the ES to trade sideways in between 1212 and 1184 today with a chance of an up move if we hold 1197.50 and base from there.
Another @&%! Day, at this rate I'll be doing something different real quick. I need to follow bias and trade in that direction. I need to not get over anxious when the ES blow up and doesn't pull back or try to get on the trade earlier.
The last 3 weeks have been my worst down draw in 6 months. I need to get back to the basic and follow my trading plan. Tonight I'm going to review it and rewrite it in this Journal tomorrow; I might start a 20 trade sim to get back on track tomorrow.
Too many trades and one huge mistake leaving a limit in the doom and taking lunch.
Mistake -6.00
Winners 7.75
Losers -8.25
Total -6.50
You're much better at this than I am, but I'm having a lot of difficulty over the past week or so too.
I know you have the tools, knowledge, and experience to be profitable, you just have to get your head back in the right place ( attitude is everything ).
And you can do it.
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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+1.this is exactly what i was thinking reading his post.
i was that guy when i started trading.then i realized that
i was going the wrong direction.you must be alert all the time
and go with the flow.wishing and hoping does not apply
to this game.
My advice is to go SIM until you have the 'bugs' in your brain worked out. I have been perusing your thread for a while and believe this is all just a mental hitting slump.