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Updated May 13, 2014
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May 12th, 2014, 07:34 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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From my diary on 2nd April 2014:
A breakout short.
Hesitancy even when the range broke in a clear fashion (else would have been in 2-3 ticks earlier instead of 60).
Did not hold for 10-ticks, exited at 55 @ 5-ticks.
Can you help answer these questions from other members on NexusFi?
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May 12th, 2014, 07:37 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097
From my diary 14 April 2014:
Took the trade as an IRB long from the bottom of a range after a nice double bottom had formed.
However, moved my stop and ruined the opportunity to exit at a tiny 3-tick loss after the double bottom had been invalidated - instead took a 10-tick max stopout on the chin.
May 12th, 2014, 07:41 AM
Mumbai, India
Legendary Market Wizard
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Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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Shorted by intuition, followed by healthy skepticism of no-setup entry, hence exited (correctly , after the mistake of no-setup entry - this is the only good thing).
Was slightly profitable by mere chance (had a method, had the target as that double bottom , but is not Bob Volman method).
May 12th, 2014, 07:43 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
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I was happy enough to stop trading with a small profit when volatility exploded.
Could probably have managed to stay cool, but don't go by my word.
May 12th, 2014, 07:46 AM
Mumbai, India
Legendary Market Wizard
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Platform: ChartNexus
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From my diary on 5th May 2014 (in a TST combine, rolled over for third time)
First entry was great but I was timid.
Second (re) entry was good. Exit was good.
May 12th, 2014, 07:51 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
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My stop was above the whole mish-mash of price action so I was 'safe' but does not reflect good on me for waiting so long with a losing position.
May 12th, 2014, 07:54 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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Thanks Received: 3,097
From my diary, 21 Apr 2014
Missed (did not take, chickened out on...) this perfectly valid setup (IRB long).
Don't do it again please, iq.
May 12th, 2014, 07:56 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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From my diary, 8th May 2014:
Here is how I took the trade since I got a great setup, allowed it to ride and reach the target.
But when I came back it seems that my covering was at the extreme end of this trend!
Crazy life.
May 12th, 2014, 07:59 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097
From my diary, 11 March 2014:
A nice range break short which eventually reached its target.
Here is how it looked when I jumped in.
May 12th, 2014, 08:11 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097
From my diary, 31 March 2014.
This was a good IRB short.
Last Updated on May 13, 2014