NexusFi: Find Your Edge


Home Menu

 





Like a turtle to his balcony...


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GaryD with 1,625 posts (688 thanks)
    2. looks_two josh with 67 posts (106 thanks)
    3. looks_3 greenr with 51 posts (53 thanks)
    4. looks_4 Deucalion with 28 posts (77 thanks)
      Best Posters
    1. looks_one Deucalion with 2.8 thanks per post
    2. looks_two josh with 1.6 thanks per post
    3. looks_3 greenr with 1 thanks per post
    4. looks_4 GaryD with 0.4 thanks per post
    1. trending_up 283,003 views
    2. thumb_up 1,158 thanks given
    3. group 36 followers
    1. forum 1,905 posts
    2. attach_file 1,043 attachments




 
Search this Thread
  #1111 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

No, that is a part of it, but not all of it. And maybe explaining it will be good for both of us.



r3algood View Post
Instead of "assessing the day" or trying to figure out the day type, why not JUST focus on trading the chart in front of you?

There is always more than one chart in front of me.
  1. Having an expectation of whether to go with a move or fade a move is a huge edge.
  2. Having some expectation of distance maximizes return per trade.
  3. Market profile is only another piece in a larger puzzle.



r3algood View Post
Going back to your idea of the mental "gas tank", what if some of that mental fuel is being burned unnecessarily in hopes of identifying the day type...?

  1. Without some greater view of where I am headed, I have no goal of improvement. Some energy must go towards progressing.
  2. The "gas" was burned up by repeated attempts and repeated frustration of not having taken the scalp profit, but the day type was already determined by that point in the day. Once C period completed that part was over with.






Where I was "wrong" was I thought the B period excess would hold.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Forcing plots to disappear/reappear?
NinjaTrader
Brendt Skorupinsky
Trading Reviews and Vendors
Quantum physics & Trading dynamics
The Elite Circle
 
  #1112 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011












In addition to the W5 most likely still in play, there are more reasons to lean short as of Saturday afternoon.

Started this thread Reply With Quote
  #1113 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011



Started this thread Reply With Quote
  #1114 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





The selling absorbtion that hit at the pit close was intense. It was like sell orders were all crowded on top of each other at the HOD, and price could not make it one tick above it. Even though, I don't see it on the footprint. More like targets.

Started this thread Reply With Quote
  #1115 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


r3algood View Post
Instead of "assessing the day" or trying to figure out the day type, why not JUST focus on trading the chart in front of you?

Going back to your idea of the mental "gas tank", what if some of that mental fuel is being burned unnecessarily in hopes of identifying the day type, instead of spending all that fuel on simply trading the chart in front of you?

My expectation is that integrating market profile and the concept of value into my trading will give me some benchmark to gauge when I should hold for longer profits and when I should go for a smaller target. The total efficiency of my trades would improve. And with that developing knowledge, my Profit Factor will go up.

The end goal being that I become comfortable trading greater size due to the resulting lowered equity volatility.

Started this thread Reply With Quote
  #1116 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,312 since Jan 2011
Thanks Given: 6,873
Thanks Received: 18,514


r3algood View Post
Going back to your idea of the mental "gas tank", what if some of that mental fuel is being burned unnecessarily in hopes of identifying the day type, instead of spending all that fuel on simply trading the chart in front of you?

@r3algood, a question for you: what does it mean to you to "trade the chart in front of you?" Can you be more specific? It is an oft-repeated cliche in trading, but I'd like to hear some more concrete ideas about this if you will.

Reply With Quote
  #1117 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


r3algood View Post

Instead of "assessing the day" or trying to figure out the day type, why not JUST focus on trading the chart in front of you?

Going back to your idea of the mental "gas tank", what if some of that mental fuel is being burned unnecessarily in hopes of identifying the day type, instead of spending all that fuel on simply trading the chart in front of you?

I am not trying to wear this out, just that some thoughts continue to reverberate for awhile.

You are very right, JUST focusing on the chart in front of me is the correct thing to do. "Trade what you see" is basically the same thought.

I am working on improving my vision.

Started this thread Reply With Quote
  #1118 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





Weekly Profile - price closed Friday in perfect balance.

Started this thread Reply With Quote
  #1119 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
Thanks Given: 2,657
Thanks Received: 894

@GaryD

just saw ur using Sierra Charts, can you split the Tpo profile for the current day? from your charts your not doing this or able to do this???

thx R

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #1120 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011



Rad4633 View Post
@GaryD

just saw ur using Sierra Charts, can you split the Tpo profile for the current day? from your charts your not doing this or able to do this???

thx R

It will split or merge wherever. Very cool feature. In the CBOT guide to market profile they keep a long term view that I built in Excel, but then realized I can do something similar by merging.

Started this thread Reply With Quote




Last Updated on August 5, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts