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One dumb trade and missed opportunities. I have been doing well but I haven't taken every trade opportunity, which is random trading. I have the skills to filter trades and still be profitable but I do not know the out come of any given trade. If I can't take every trade opportunity that presents itself to me I will need to sim or trade smaller until I achieve this. I have been to anxious and trading scared. Things I need to work on are not moving stops and taking every trade.
Today I did trade almost every trade but missed the good trades to the down side because I was long and had to exit. I find it hard to change direction and today the ES moved fast off of the highs. I had one bad trade at the end of the day fading the market. Alot of work for a small loss.
Another day with alot of work and little or no pay. I again missed the short side and but took most of the opportunities presented. I exited to soon on my first winning trade and exit to late on another long tring to hit a home run. I feel like I'm getting my rythem back but need to follow my rules.
My ES trades today were almost all longs because of the support @1290 but all the good trades were shorts.
Today the ES keep grinding down make lower lows and never bounced off of 1290 with any real conviction.
ES 2 scratches, 1 mistake, 1 losser and 1 winner +0
The SP is very stretched and I thought it might bounce.
Euro is making new highs again and trending up to 1.4950. Bias up is at 1.4560 area so any continuation up or Inside bid zone trades (Hold of micro Bias and longs off it).
ES is still tring to hold the 1290 area but micro bias is @1297 and we've been down for days.
Longs with hold of 1289 area and cover around 1297
Shorts with a break of 1289 or any retest fails @ 1297 area.
Today I had a good day - I followed my prep and traded both sides of the market. I reversed my position when the market failed to make higher highs (retest fail). My entries and exits were good. I had a meeting
in the afternoon and missed those trades.
ES 3 winners 1 loser and 1 mistake + 5.25 Pts
Eur/Usd I missed a great trade off the mirco bias up (Inside Bid zone) because my ninja trader was not connecting with my brokage account.
I'm showing an example of an Inside Bid zone and the missed trade
The ES keeps making lower lows and lower highs on it's way to test 1250 area. Marco down bias is holding at 1296.
Short scenario: Keep taking continuations down until they fail, but we are a little late in sequence so have your stops tight. The best trades short should come if we retest the 1284 area then continue down.
Long scenario: Any longs should be taken with close stops. A break of the 1281 micro bias would start the retacement of the leg down with possible covers at 1284 and 1290.
Euro has broken micro bias and moving to test the Macro Bias at 1.4550 area.
Shorts scenario: Any continuations down to 1.4550. If 1.4550 breaks wait for retest and then continuations down.
Long scenario: Any longs should be taken with a hold of 1.4550 and coninuations up