[Head2k]

Long zone 1795-7, 1792, 1781
Short zone 1812-14, (1837-42.5)
Continuation trade through 1814 possible

[wjrusnak]

Alright guys, I just wanted to let everyone know that I'm finished posting on this thread. Hopefully the rest of you guys can keep it going and benefit from it as much as I did. Soon I start a full-time job and won't be able to trade real-time-hours (just like next year while I'm in medical school). Knowing that, it is obvious that I need to find a different focus, whether that is trading the mini Hang Seng for an hour a night, or swing trading some other instrument (I'd rather trade the wacky hang seng than swing ). Hopefully in the future, my schedule opens up so I can again day trade the NQ. Again, thank you everyone who participated in this thread during my "reign" and please keep it going.

[Head2k]

Done for the day because I am angry at myself and that's a good time to stop.
I took a trade I shouldn't have taken and didn't take a trade I should have taken. Went long off 98 but it was higher than I planned and it wasn't even my proper setup. But I remember the wrongthink which made me took it. This wasn't the first time I commited this kind of wrongthink and I have even a specific note about it in my plan. I guess I must re-read my setups before every session.

Then I missed the long off 90, although it was a perfect V setup according to my plan. Why? First, my mind was too occupied by the bad trade I made earlier and second, it breached the support. But I should have remembered that a breach doesn't mean a break and that the support is the whole 89-92 zone. And I know that after such a V setup a retest is not likely... That's why it's a V setup, after all.
This combination of a bad trade and a missed good trade has a negative psychological impact on me, as I tend to force trades after that, so as I said I better quit.

[Head2k]

Originally Posted by wjrusnak »

Alright guys, I just wanted to let everyone know that I'm finished posting on this thread. Hopefully the rest of you guys can keep it going and benefit from it as much as I did. Soon I start a full-time job and won't be able to trade real-time-hours (just like next year while I'm in medical school). Knowing that, it is obvious that I need to find a different focus, whether that is trading the mini Hang Seng for an hour a night, or swing trading some other instrument (I'd rather trade the wacky hang seng than swing ). Hopefully in the future, my schedule opens up so I can again day trade the NQ. Again, thank you everyone who participated in this thread during my "reign" and please keep it going.

I thought you want the trading to become your full time job. Anyway, good luck in any career you choose to pursuit.

[DaKine]

Today the range widened and the market found support around 1790...

Tomorrow look for:

Longs 1789-92

Short breakdown of 1790s Below 1790s back in the 1792-1772 range w/ Mid 1781

Short 1802 Intraday and Globex 1802 has been R and it also happens to be the Midpoint of the wider range of 1790 - 1814 so a short may make sense but could be choppy...

Break above 1802 look for longs to test top of range and potential b/o...

1805s may slow up longs but I am less inclined to be short up here possible test 1814s...

Short 1812-1814 may be less inclined if the morning shows strength potential b/o

Today, missed the DT during Globex at 1812, woulda been a nice one . The short at Globex micro Resistance at 1805s also 11/17 Mid also missed... Got stopped twice on a 1797 and 1793 long. The market then reverses after stopping me out the second time and rallies boo hoo i know...



Thanks wj for all your contributions to this thread

[Head2k]

R 1792.5-93.5, 1795.25, 1802, 1812-14
S 1781, (1776.5), 1868.5-72, 1758, 1747, 1737-40. If price breaks above 93.5, then 1789.

Price fell into the 1768-93 range. Now it seems it is heading up before open, so I'd like to see how it behaves at 92.5-93.5, if and when it tries to escape. I won't take a breakout, only a reversal, and only if it is my setup.
Then there is 95, because after a breakout of the lower range it needs to break into the upper range (95-14).
If price heads lower after open instead, then I will look for a long off ~81 with target in the 89-93 zone. If 81 is broken, then I will look for a long off 68.5-72 zone. I will ignore 1776.5 unless there is a major climax.

[Head2k]

Result: I missed a short after BO of 1781. I have troubles with recognizing continuation setups on short side in real time. And it is true that I thought more “climax” in real time than “BO”. But no rejection followed and a nice continuation setup developed. I just didn't see it.
Then took a long at 10:20 (68.75) and was stopped out at reduced stop (68.25). The setup occurred after a break of 68.5 S while the entry range was still wrapping around it and 72 served as R. I recognized that 72 might not be broken but I risked it. Perhaps I should have got out sooner or even SAR, since there was quite an obvious failure at the second try at 72. But SAR'ing is not a part of my plan and I used my standard stop reduction. Anyway, this scenario calls for acknowledging the SAR possibility.
Price then reversed at 60, which was in tolerance of 58, but it was a V which didn't comply with my rules.

[DaKine]

Short R 1790-1793

Short Mid Point 1780 also possible but don't like it as much it being a MP and all, but worth noting...

Short R 1775

Short R 71.50-72.50

Strength in Globex and above 72s may go long looking for a test of 1790-1793

Micro S at 1766 so possible Long

Long 1760-1762

S 1752 possible Long but market showing weakness...

S 1737 -1740 Long but further weakness

Ranges
1752 - 1772 61 MP
1772 - 1792 81 MP



Today did not take the opening short when price opened at support even though globex showed weakness and R at 91s. Ended up with a Short at 78s and got peanuts when S appeared at 72s didnt go long but exited my positions prematurely as the market broke through the range and entered the 52-72 range. I had some Support at 62s so I took a shot when supply line broke w a DB attempt (tight stop) got stopped just before the market reversed at 60... Expected price to get back up to 71 72 area but did not take a short there... back at it tomorrow c-yas