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Also ALL credit goes to @Fat Tails for writing these indicators
Harry, were shall i up load these are they Elite??
I have just tweaked them to my liking
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
@greenr: I think that only Elite members can download indicators from the download section, so you load them up where you like. We would need to make a little update for the holidays in 2013.
So we opened today out of balance, out of value and at the the highs of the 8 day bracket we have been trading in
We have a very stretched ETH Vwap and are trading at the highs of the 2nd Dev out of value
My 1st thought this morning were...
We have seen traders pushing higher into the month highs...
We opened 10 ticks off the months highs and a break out area
I saw buyers on the open...but none into the $96.89 highs area
So i went short off the highs
Am going to target ETH vwap around $96.30
and going to watch Fridays highs @ $96.53 as we could tag this area and try to break out higher
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
My quick analysis, Open above PDH and holding, I see a VAH at 9645. Watching for a reversal around there. If it gets legs I'll shoot for 9750 as a target.
If it falls back into balance with any volume it could be a very bearish day.
Looking good...all i can see at the moment is buying absorption
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
I understand what you are trying to say.
Predicting what might happen and then placing a trade accordingly if it does what you thought... understanding that it is random and you must accept the risk b4 you take the trade.
Time watching your instrument teaches you these aspects.
Telling yourself if the market is doing XYZ and then it does ABC, I am going to do DEF. All the while understanding that if it goes against me, I am only risking 15 tics.
This line of thinking is paramount because it keeps me from jumping on the next trade without having my three reasons for taking a trade in the first place.
The hard part for me can sometimes be... not accepting a loss because I invested so much time in taking a trade that I believe the market owes me for my time invested.
If you always do what you have always done you will always get what you have always gotten.
Celebrate because you executed your edge. Not because you won.
I think the main problem here and a lot of people cannot understand this......
You need to be ready and poisoned for ABC before ABC happens!
and be prepared for EDF when it happenes
You need to be ahead of the heard and these are the hardest trades to take...but the best
You take you position with the intentions of expecting something to happen with the given scenario
and if what you expect to happen does not happen your wrong and pull the plug
But if what you expect happen...actually happens, your ahead of the game and very well poisoned
I mean this take a lot of experience and you have to know what to look for and what to monitor and this is one of the hardest things to do
Not a lot can do it, but that’s how i believe the pros operate (the 10% that actually opperate well above the odds of success)
But the time a trade has given a 60-80% conformation of what going to happen.....your already too late!
So as much as “predicting” might be the wrong word…..
But in effect you are predicting your believes of certain probable situations that are built into your own intuition and experiance ahead of time and positioning yourself accordingly managing risk
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"