This is why I'm a chump.....

Hello Chump Fans! Sorry I've been gone on a long hiatus but, I will try and be good going forward about posting some ES goodness.

Starting with today, as you can see on the chart, I was watching diligently an entry point at around 1222 ES which corresponds with the 50 % retrace of 1370/1170 for an entry. I hesitated and ADIOS MUCHACHO! RSI had flat-lined, MACD neared a cross, and I didn't pull the trigger.

I ended up getting in at 1227 and making 1 point to 1228 as it stalled and then of course it went through up to 1230.

Lessons learned:
1-Don't be a chicken at clear support
2-Entry point is so important in short term trading -- get a good fill and you don't have to sweat it out!
3-The trend is your friend. Consolidation favors the market direction in this case LONG.