Plan the Trade

took one 1-2-3 trade after powell, got whipped out for minus 9T. looked like it might slow down to normally smoother PA an hour or
so ago, but ended up missing 3 trades, so just watched. marked up a trading range and a few trend lines but no entries. es is
behaving like the nq on xanax (similar to my sister in law), so let it go. more uncle jay tmro to a panel of mostly corrupt dimwits.
trade safe.
good luck
regards
goma

Slow start to week for me, but still in the green...

a few trades this morning before uncle jay's senate speech gets close. 2 plus 3's and a plus 6, annnnnd one bad luck minus 11T on the spike down.
looked like a good set up but, that's the market these days.
good luck,
regards
goma

Did you make it?

Not yet - on micro until VIX comes down - so slow going to the step 2 target, have c600USD to go, tempting to use e-mini but it's likely i'd blow up. Lesson in patience i guess.

wild price action. went back live yesterday picked up an additional plus 2T late in the session. no trades this morning, quite a swing
on the es (and nq) to shake out stops. might wait for a lull later on when they are eating lunch to look at it again.
good luck
regards
goma

Quadruple witching tomorrow. Be careful everyone!

Thanks for the warning. Was down 20, now up 4. I'll keep the week positive for the sake of waiting, ugly action for me.

Have a good one guys & gals.

I'm waiting........
regards
goma

playing with 3 minute candles a bit.

did a little ot

Still picking away. +10 yesterday, 18 today.

My only trade this morning. Still Sim.

+20 Missed some good ones, not because my analysis was crap. Just too slow. I have got over my irritation of when that happens, just gotta be patient and wait for the best entries. And if they don't come, next day. I'm on +1 after 7, but on that 0 trade, it closed me out without the +1!

seems like volatility has returned, if it ever left. plus 10T on micro ES. 1-2-3 chart a little different than commonly used in the law of charts.
read joe sperando's book,(again) good reading and lots of nuggets. hope all are doing well.
regards
goma

At last, been waiting for my siesta for the past hour or so. Hesitated on the first one so I had to stick around for my money today. Pointless trying to let em run while it is whipping around 10k. Who cares anyway. Enough +20's can provide a good income once confident to trade more lots.

very choppy indeed. missed several setups, no use chasing and giving back T's. pulled a couple of trades based on what looked like buying accumulation
at key levels. glad I did. this level at ES is like 10k on the NAS, lots of indecision by larger (better funded players). will look at it
again after lunch hour may be it will settle for a bit.
good luck
regards
goma

no better after lunch. since I am missing trades, I'll just clutter the thread with a chart or two. ex-options (expiration) last friday,
lots of CTA's and dealers apparently are looking at this level as a pivot. long vs short. thus choppy price action throwing out
what I see as traditional 1-2-3's, HH-HL-LH-LL-LH-HL and on and on. not to say they are not there to be traded, I am hesitant to
call all my entries well calculated, at least 50% luck. anyways not to discourage, J, you have been doing well so it obviously is there
for the taking. I will sit back for a bit.
good luck
regards
goma

I just dialled in more patience. Frustrating to watch the big runners, but at the moment there seems to be so much indecision what's the point? Get in and get fcked. No thanks. Rather wait than be sorry, which was a challenge for me.

I think if I could afford bigger stops I could do far better, but building the account must come first.