Sunday 8:04 PM 2/12/2017

• I have listen to a Kim Rogers interview.
• Now I am updating my sheet Mondays (catching up on a couple of weeks backlog)
• I was working on a keyboard marco that speeds up the update process.
• A friend complemented on my PL of last week.

Now a thought just crossed my mind, people only care about the result , not the enormous hours of hard work and sacrifice to get there.

And then they (novices) expect to get a quick answer to:
"tell me how to make money on ES trading"
(I have no experience, I haven't read 30 books on trading, haven't spent a lifetime of study - but any fool can do this so just tell me how too do it - my magic atm awaits!).

It amazes me that so many people don't understand compounding and the implications thereof.

------------------

I hope I make my stack (to buy and stock my hideout) before the world goes south in a hand basket.!

Quoting 

Now a thought just crossed my mind, people only care about the result , not the enormous hours of hard work and sacrifice to get there.

So true!

Monday 7:19 AM 2/13/2017
The o/n chart indicates a narrow range day. We may push above the o/n highs if we start towards the high end. If we start towards the middle then we may touch-and-go for the o/n high.

about 8:00 AM 2/13/2017
February 13, 2017
The estimated to open is 2317.75
We should be going up first
The open is 5.25 points to the estimated FE, 2323.00
(*) The best rec price is 2317.75 (and first est is 2317.00) - see note below
We have a DD up signal
The estimated low end is 2307.00
The estimated main direction of the day is up
We are expecting cabbage
The estimated open is closer to the resistance at 1.00 points versus 17.00 points to the support
Est mid = 2319.50
Speed est range = 11.00
Estimated range = 9.00
15.75=3d ATR
H/L est 2322.25 2312.75

Note on best Rec line: I have a time rush problem just before opening. As I am calculating/selecting the H/L est I then have to rush back and see if my prices from 7:30 to 8:30 have changed. This creates the problem below where I miss the trade at open.
After updating at 8:27am the line is now
(*)"The best rec price is 2319.00 (and first est is 2317.00)
and Open est= 2318.50
So I have 3 choices for the first price 2319, 2317, 2318.50
(actual low was 2318.50 so the 2319 Best rec would have been filled)








9:04 AM 2/13/2017
Trade 1
I missed the opening low price - just a couple minutes too late so I sold the 2322 level with one
and closed it 2320.50
Trade 2
Bought 3 at 2320.75 target 2323
9:08 moved down a tick 22.75 filled

9:10 AM 2/13/2017
now waiting for a dip down to buy and run to 2224
or fill at 2224 = est high

9:25 AM 2/13/2017
So at this point pushing to 2224 is in question. It has been to 2223.
The problem is with days like this they can play in a very narrow range as the retail keeps guessing which way it will go.
There is enough "young" retail (=<2yrs) that they we put in tight stops and have them taken out, over and over and "they" don't need to move it much will there are getting easy pickings. This is a low prob day and is best left in the garbage can (that is don't bother).
(see png "chopslop")

Trade 3

I had move the sell price out of the way while getting a snack and when returned it had reached the limit price 2324 topped at 2324.50 and started down.
I pushed the order down for a fill - short 3 at 2323.

(trade3.png)

going out with the dog and so instead of 2315 I'll use the RR - range rule
2224.50(act high)-9(est rng)+1.5=2217 (+.25 for the fill) =>2217.25

trade3B.png

edit11:56

sold 3 more now short 6
trade3C

Well I'm still short 5
I'm going to leave them open for a while
(this is what comes of leaving trades on to go out.)

my average cost is 2323.90 and its currently (18:47) 2326.50

my o/n mechanically generated est are
2,329.00
2,317.50
though that seems to wide.

2327.50 is the o/n high so far and using -6.50 for the o/n rng
2320.25 would be the low.

Of course it could go up - but that wouldn't help my trade LOL

Two trades 1 winner and 1 loser
Net $187.50
3.75 pts /2 = +1.875 per trade.

Closed off trade 3 of yesterday at -$275 so I'll record this as trade 1 of today
------------
It looked as if the market touched but did not fill my order of buy to close. (My computer was off and I'm not sure if NT needs 0.25 to post a fill). (temp1.png) Move up to fill at 8:26 and of course oone minute later would have been filled at a profit -$275 on 5.5pts

8:20 AM 2/14/2017
February 14, 2017
The estimated to open is 2325.75
We should be going down first
The first point is estimated at 2327.25
We have a DD up signal
The estimated low end is 2318.50
The estimated main direction of the day is flat or unclear
We are expecting cabbage

8:23 AM 2/14/2017
A key time for a turn could be about 8:45
This looks to be another cabbage mess.
We'll probably wait til yappy Yellen before moving anywhere - if we do.

Trade 2
winner +$412.50

---
9:03 AM 2/14/2017
Waiting to buy. Order 2320.75 (though it could go to 2319)
Filled
sold one by accident and rebought it -back to 3
went up and then down to
2319.75 09:38
then up and cleared them out at 2323.25

10:07 AM 2/14/2017
Lessons: Take the profit on the first peak and wait to see if your lower estimate (2319) will be taken.

(trade2.png)

Good job!