My objective is to learn the skill of flawless execution of my trading plan
vidvad's 2023 4-9-18 ema journal 62 replies
Day Trade E-mini S&P 500 Futures Journals 3 replies
Pattern day trade rules on futures trading for US residents 6 replies
When to stop trading and call it a day 19 replies
DislikedS&P 500 five minute chart. I've mentioned these three push patterns before. Al Brooks, Stacey Burke, and Tom Hougaard refer to them as wedges I think. That's what I call them and I Must have gotten it from somewhere. Probably one of those guys lol. Being long the MES, I'd want to see price break UP through that little up sloping trendline and erase the wedge. If price instead drops, then it will probably test the low of day again, and possibly stop me out. The Globex open AND the S&P NYSE open are above and I would like them to work their magnetic...Ignored
DislikedOne more thought to record for the day: With the decrease in volatility, the NQ has also been affected, of course. It has always been a better day trading index than the ES during times of low vol, imo. However, it has slowed a bit. I may be lowering my take profit to +40 ticks next week. The number of instances I have see where the NQ goes +43 ticks and then all the way back to entry has been increasing. I am fine with a 1:1 reward to risk ratio as the win rate on these trades is well above what is necessary for a 1:1 to be profitable over the...Ignored
Disliked{quote} SPX looks like a little lower high double top, a type of bear flag, at the 50% retracement of the high to low swing of today's range.Ignored