Pre-Open Ideas

I was trying to come up with something that looked feasible to trade before the $SPX opened, so needless to say I started looking at the 10yr Notes. All I have done so far is take the cycle high and low from about 3:30 AM to 5:00 AM, draw horizontal lines and look to trade the break-out.

It looks like most mornings get tied up in a very narrow channel, and "appear" to be waiting for something to happen. This is actually a strange idea for me because of the number of reports coming out between 5:30 and 7:00, but (so far) seems worth looking into. I have never felt comfortable trading right in front of, or during the morning reports, but there may be something to this. Just because I was bothered by the report idea doesn't mean there isn't something there!

The following 2 posts show the last 2 weeks of 2 minute ZN charts during the most likely trading times. Clearly a work in progress at this point.

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Week beginning Aug 17

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Week beginning Aug 10

these are NOT in order---

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trading

I haven't written much about real time actual trades...my "money method" appears to be doing well...for sure the markets are choppier than usual (August blues!) but doing pretty well...

I have made money...

Still having the same problem in pulling the trigger...trying not to beat myself up over it...visualizing dispassionately taking each trade

I am better than I used to be...

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annoyed at myself

I have done this before and it's annoying as hell...today was a TVGR open and I DID NOT see it till much later in the day...

I keep forgetting to check for it on the open...it didn't cost me any money, but it's still inexcusable...damn!!

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edgy

really edgy today...
have no idea why...
slept well ate well...
for a calm guy, pretty nervous...

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surreal

It has always been a contradiction...always...

I am very private. to the point of selfishness...I always had this tendency but seems more prevalent now...I don't see it as a problem, just the way it is.
So why is it that I kinda like teaching? Ego has to be part of it, but I do admit there is some satisfaction there...

In one of the chapters, Steenbarger writes about helping others, being a mentor, blah blah...Not my everyday cup of tea, but in for a penny, in for a pound...

Anyway, I guess I am a mentor now...I offered to help someone from the room...We have exchanged a few E mails...She seems pretty sharp so we will see...

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