my journal

I can't believe it. I went to sleep for 2 hours. Had another nightmare, woke up two hours later, came back and everything is still exactly the same. That's very unusual at this point. Now I'll go for a bath.

Unbelievable! Just when I do everything right, the market hits me in the face! I totally suck...

...and obviously I went short yet another contract.

Ok, now it went up 200 ticks, for 26 hours. Hopefully it will reverse now. It's not responding to the ES, which keeps on flying. But how many times have I already said "it will reverse now"? Every minute since 10 hours ago.

Ok, it's happening... it's happening! I am down 1000 dollars right now.

New version: I got rid of #4 (difference EUR/GBP doesn't make a difference)

OVERSTRETCHED METHOD
A) Set up a month of hourly candles with pivots

B) In order to make the trade, these two requirements must be met:
1) overstretched in ticks (>150 ticks top-bottom)
2) overstretched in hours (>18 hours going up or >12 hours going down)

C) In order to make the trade, at least two of these four requirements must be met:
1) time is right (later than 9 am or 6 pm CET)
2) pivots (touched S2 or R2)
3) reversal pattern (increasingly shorter legs, do not enter after a tall candle)

Now it will fall a lot and really fast. I can't wait. Right now I am still at -1000. I just need 20 ticks down, and I'll be breaking even (with 4 contracts).

Now the real danger with me is that having been very scared of losing money, after being -1100 in the red, I will get out as soon as I'll see a break-even balance, instead of staying and cashing in 1000s of dollars.

Yeah, that's right. Because where else is it going to go? Up? Impossible. It can only go down.

Ok, now I am only down 500 dollars. Keep going...

I'll have to take a break because I can't stand the pressure. See you in 30 minutes. Hopefully making thousands, and without having closed any of these potentially very profitable positions I opened.