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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.
flat at 12.75....that's the show for me today...hope all have a great day
here you best when u see the "bell" as lorn posted
first high volume level today
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2011 06 020954
may try one more trade after 10 am.....with the assumption that we will return to the open sometime after 10 am....
rel strength on nq....going long above 1st hour break for 6 points move, if and when
Further to my privious chart, old gap on ES closed at 1308.50. Mr. BigWig was waiting there.

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2011 06 021038
Bruce said it...

NQ is now trading on top of its O/N high. ES still hasn't challenged its O/N high.
I believe we have to get to 1303.75 first.
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Watching what happens to these bears. IF they do not succeed, their stop would be small to none

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2011 06 021129
Was looking back at some of the oldest posts for the fun of it and came across this one. Some inspiration is always useful.

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


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 -