T.J. 8-22-13 Resisting Temptations

As I guessed it yesterday that my wheat long was in danger because of the weak low and BB bands of 4h and 1 hr are narrow. I wanted to set up a reversal order last night so bad. Instead I resisted the attempt of reversing to a short again because of these narrow band pattern doesn't give a lot room to go either way. I want to see the market resolve itself rather than take a chance. I accept the loss and not let me revenge temptation to take control. I am glad I did it and so far the wheat is still in a choppy mode. I applied my discipline. That's the key. 

ES pushed higher overnight and added more upside after this morning's higher than expected jobless claim. As of this writing at noon it's up 15 points near yesterday's high. It's a pleasant surprise. All of my this week's puts positions are in good shape now. I was able to exit my next week's 1610 with a small profit too. I resisted my habit of moving the target around for a few more bucks. Good thing that I recognized such emotions and start to change such habit.