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Like a turtle to his balcony...


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  #1201 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Watching for a buy

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  #1202 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
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Posts: 6,462 since May 2011


greenr View Post
Yesterday was not a doubble distribution day in my eyes

It was just a stright up elongated trend day, no doubble distrubution

If it was a doubble distribution day we would have created 2 balance/value areas which we did not


That is correct, it did basically OTF all day. But I still split out that thin area. It coincides with two areas I would look for lower support on other charts. Just referred to it that way more as I was splitting the day between E and F.

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  #1203 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011






@Silver Dragon, back to the "is it working" question, today it has helped me create a strategy on the day. Price came into major resistance and for some reason I guessed "neutral" or "normal" even, although I am still waiting for a break.

I have the 6 range open today also, with the ETH Vwap. Look at that whipsaw mess. That is what I used to try to trade of of, every day. Some days it worked great, others I got chopped to pieces.




Today I knew better and my trades have been fades. Won't always work, I know, but it at least gave me a firm direction on the day. And that is why I am dealing with losing more often right now. To come out the other side wiser and with better consistency. Stay posted...

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  #1204 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





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  #1205 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Value is following price. News of Syria I believe...

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  #1206 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011




I had a feeling something was off when volume started to build, but still got stopped out. But what a crazy volume profile, where value kept developing then moving higher, then developing...

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  #1207 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011

News or fake news got me twice this week.

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  #1208 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

My journal link takes me to a page where I list things that I need to include, so that I see it first whenever I open it. One is things about myself.

I still believe, had it not been for the news about Syria, that today was to be rotational, but that is theory. What I do know, is that when it took off and could not even get to the 1.5+SD, I sat here like a deer in the headlights. My book education says "buy", but I couldn't do it without a pullback, and waited, and waited, and waited...

I have seen a couple geopolitical perceived risk rallies. There was Libya, that I remember becuase I thought to myself as I saw the news on the TV at the gym, that I should run home and buy crude. I can't recall what was the trigger before that, but something was in my memory that caused me to feel that way. And so, I would think that on the third time I would just go in head first.

But, I didn't.

I just watched it take out high after high after high.





The good news, unlike times past... I DID NOT TRY TO SHORT IT. HOORAY FOR ME!!!!

( And I will take that as a win too. )


But still, I am very disappointed with myself for being frozen and not even trying to ride that move. It does not happen that often is my guess why. But I "knew" better. And could not pull the trigger. And having pulled the trigger at far worse moments it amazes me how hard that was.

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  #1209 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011






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  #1210 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
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Why Syria?

Oil tops $93 for highest close in over two weeks - Futures Movers - MarketWatch

" 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"
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