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ES 6-2-11


Numbers from todays trade for reference


1320.50-21.50 POC as per time, low volume , volume spikes

25 - 27.50 ****closing vwap, low volume, volume spikes

29.75 High volume

36 - 37.50 low volume zone and volume spike

tomorrow will be MATD trading....hoping for a higher open and a first move up to sell. No other 30 minute bars traded back to the open print today. We'll see what happens over night.
10K contracts traded on the opening 1min bar....thats crazy low. Hmmm, nobody is certain yet.
I have 14.50 as official open print...so plus and minus 4 - 5.5 is sucking in the O/N breakout traders when one prints.....
starting early and small at 16.50...short
core shorts will go on above O/N highs if they come......report at 10 needs to be thought about
all 3 off at 13.75.......wow..that was quick....

pop question...what is 2.5 plus open print........? 1317....2.5 is part of the pitbull window.....I take no credit for those numbers
hoping to see a push out of O/N low...we know they will take an O/N range....hunting for buys down here
INDU old gap just closed
onthe 08.50 ...small again as that damn report is coming...still looking for trade back to open
pop question...what is 2.5 plus open print........? 1317....2.5 is part of the pitbull window.....I take no credit for those numbers


Bruce - when you have time can you explain "pitbull window". I cannot find it in the dictionary tab. Thanks in advance!
Nice O/N low test.
Was looking back at some of the oldest posts for the fun of it and came across this one. Some inspiration is always useful.

http://www.mypivots.com/board/topic/499/1/its-not-whether-you-win-or-lose


It's how you play the game that counts


this post is not about MAs or MP or money management or stop losses. this post is about playing a good game.

i've been involved in sports since i was five years old and have heard the old "It's not whether you win or lose ..." saying dozens, maybe hundreds or thousands of times. it didn't take long to get the message, but it did take a while to 'get' the message. in fact, i got it today.

short version of today: i dug a hole, got out, dug another, got out, and finished profitable but played crappy most of the day. it wasn't whether i won or lost, but how i played the game. i finished the day profitably, but was disappointed with my performance. and not in the vein of "Man, i left money on the table ..." or the like. the result was not disappointing, it was the journey that was a disappointment.

i've said it along that i don't trade for the money and i have always meant it. obviously, i don't do it for free, but it is the game itself that i enjoy. the whole process is a kick to me. lately though, the profit/loss aspect has become decreasingly important. the game has become increasingly important. i told my wife that today really tied that notion together for me. i was actually encouraged that i was disappointed with my win. a funny thing about today was that i have had much better worse days - in other words, i have had bigger up days on much worse trading days. regardless, today was my epiphany, my lightbulb, my ah ha!, my eureka!

will i trade flawlessly the rest of my career? no. that's not even a goal or expectation. what i do expect is to play my game and continually strive to improve my game. i'm convinced that internalizing this perspective will be the factor that sets me apart from the masses. it may not be tomorrow or next week or this year, but it will happen. i will continue to play my game, the game of trading.

game on!

take care


omni

BTW: keep in mind i am a discretionary trader. the strategy of game may be less of an issue for true automatic/systems traders. dunno.
take care and good trading -

Derek