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Wednesday, September 11, 2013


DAX consolidated during its session, it gave a long entry at support at 8450. I of course was not up, but even if I was, I can't trade DAX and the ES entry was nowhere near as attractive. ES is still in that 80-82 range it was stuck in during the afternoon. Could be setting up for a range break. Price in consolidation, HTF long chart patterns at the market's back and air on the higher time frames all make things somewhat uncertain. Need to wait and let the rhythm develop.

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Today was a successful day in reinforcing the idea of waiting for those high % hands. I realized I lose sight of what is the highest probability market action from here to look how much the market will move IF it takes this action, with no regard of the probability of that outcome occurring. Call it greed, call it seeing $$$, but it causes me to trade lose and reckless. The fact of the matter is, you can tell where the pocket aces are on the board (unless some unexpected market action occurs and changes the current rhythm), so wait for those high end hands to show up and stop burning blinds on the trash!
Otherwise you ARE trash.

 
Support zones in the mid to high 70's was the high % hand. Looking for a break either way in the 80-82 early morning and mid morning range was the TRASH.

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