Good read this morning on the line in the sand inside support. I liked the short side if that area broke as the prep indicated but had no premium entries this morning.
It was a slow trading week for me and I was only interested in trading the open today.
I have been working on my trade selection and trading plan for the past couple weeks and have simply failed to fully engage the market.
I will be re-focused and ready to go on Monday. I know exactly what I am going to do.
There will be no major changes other than in sequencing as I mentioned yesterday.
It is time to start executing my prep as was originally laid out in the blog trading plan.
There was not enough of a sample this week to do a weekly commentary.
I will only say that I did not engage and was out of sequence for the week. Trading is a streaky business and I think I have just gone though a slow period.
I feel that I am ready to go for next week. Sometimes you have to struggle before moving forward and that is what has been happening.
but looking at that break of 1088, ie support becomes resistance, would have been good for a short, don't forget your monday post that this market should be making a major correction down. Mr. Simmons at ATW called the top at 1096 according to his morning prep.
ReplyDeleteHello. It looks easy in hindsight. Price action is as tough as I have seen it in the last 2 weeks. It is not enough to know where the highs and lows will be. You have to be able to get in and out without random trading. Very few can do this regardless of what they know. The past couple weeks the inside support has been breaking, washing out, then attacking the highs. Check out my video from 10/6. It is a good example. I had been hitting those all summer. I appreciate you following the preps so closely. I should trade my gut more often. I had the read on Monday. I would like to see how ATW trades this stuff. They do not show it. I bought it when I was there but I now beleive they do not trade. Otherwise, there would be executions and statements. I have come to the conclusion that educators trade in simulation or do not trade. I challenge them (all educators) to show otherwise. I am fed up with the webinars and magic systems. Lets see some execution.
ReplyDeleteBrian,
ReplyDeleteWith you being so selective regarding trades - how come you don't watch more markets?
Just wondering...
It is part of my plan to watch a basket of markets in the future. I have traded the Euro before and would like to trade the DAX overnight. I am moving towards a more nimble trade selection protocol that will allow me the freedom to execute more with less expectation. I am going to practice this on the ES with small size and than likely expand to a couple other markets.
ReplyDelete