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Like a turtle to his balcony...


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  #1091 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I would rather not make money than lose, brough my stop in the BE and may get faked out. But now want to see if they test the LOD.

Low volume is also hard to read.


There is LOD...

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  #1092 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


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  #1093 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Filled +29. That was a hidden revenge trade of sorts, I wanted the 30 ticks back that I had earlier but came back. But, it had divergence, no follow thru on the test, and was into yesterday's Vwap value.

New excess low was created, of course after the fact..

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  #1094 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Day type is neutral no matter what. But now not a sure. Price left value on the TPO and the Vwap, and already formed what could be today's excess high. Limited range so far. Low volume all day. I may trade into the close but not willing to sell this here, and not willing to bet on continuation higher now either. I would want to see the overhead highs hit to go long. The vwap was sold consistently all day.


And if it breaks the high now, after it would not do it for me, I am gonna be pissed

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  #1095 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


GaryD View Post


And if it breaks the high now, after it would not do it for me, I am gonna be pissed







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  #1096 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


GaryD View Post
Filled +29. That was a hidden revenge trade of sorts, I wanted the 30 ticks back that I had earlier but came back.


Revenge exit is more like it.

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  #1097 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

It was a good trade, one wave early... a swing and a miss

Such is trading. Net +39 on the day. Still content with my read on the day, but slow to develop.

Good week, plenty of chances again next week.

TGIF!

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  #1098 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

What did I do right this week?
  • I was patient for entries.
  • I was "better" about not scalping, and held several good trades.
  • I did analysis every night and again every morning before I traded.
  • I kept my total trades very low this week.
  • I finished 4 of 5 days positive, and my losing day was -$67.50
  • I have my screen layout feeling very good.
  • I finally got to where I can benefit from numbers bars

What can I do better?
  • I held several trades that came back on me and need to be careful not to let that reinforce my scalping too much.
  • I could go to a 2 contract entry, scalp one and let the other go.
  • I could not be as hesitatant to take an entry. I missed more good trades than I took.
  • I ran out of drive in reading my 1000 pages. Now have two books open and flipping back and forth but not making much progress on either after finishing the CBOT manual.
  • There are a lot of things I saw this week in the numbers bars that I do not understand, and that kept me out of trades that I might have taken otherwise.
  • I still caught myself thinking about money at times.

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  #1099 (permalink)
 
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 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,312 since Jan 2011
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Thanks Received: 18,512

Did you figure out your strange prints on the footprint chart? If not, have you check to be sure that "Intraday Storage Time Unit" is set to 1 tick in "Data/Trade Service Settings"?

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  #1100 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011






And, that indicator I am watching fired another perfect entry signal today. It does not give very many signals, not even one a day, but it has been incredible so far.

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Last Updated on August 5, 2013


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