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  #1591 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
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GaryD View Post
OK, my bike is old and rusty, and the wheel wobbles some... I still use XP on my trade computer Josh! lol!! But I will still get out there and ride hard with you.


The sane response is, I don't know. I changed it from 1m to 1 tick on the other computer when I was having data issues and it seemed to fix everything, but I never read whether it is offered or not. It worked, I never questioned it. Story of my SOP.

Well all the same, thank you for your response Gary. XP is an excellent OS by the way. Unfortunately the life cycle is just about over, and I think about a year from now MS will officially stop supporting it, meaning that there will be no security fixes, etc., so it will soon become a sitting duck and therefore will not be used any longer. If not for the internet, it could be used forever, but alas... But the good news is that Win7 still has at least 6 or 7 years of support left, so it will continue to be a strong OS, long after Win8 has totally flopped and gone to the hall of shame along with Vista, ME, and the rest.

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  #1592 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


josh View Post
Not seeing anything that looks off buddy, just asking for my own personal information because I changed data services recently and wondering how you get your tick data backfill. After reading your reply I'm still not sure where your backfill data is coming from..? Or perhaps I'm wrong, and Zen-Fire does indeed offer tick data backfill (though SC's page says it does not).

At any rate, don't let me distract you, trade away, and we can chat after the close.

Distract me, please. Today is stuck.

Zen-Fire. The Ultimate Connection. Advantages

https://ninjatrader.com/


My data service experimentation is limited to; Scottrade (we all start somewhere), Tradestation, Trading Technologies, and Zen-Fire. Listed in performance from worst to best for me.

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  #1593 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Trying to teach that adult male squirrel the concept of risk versus reward, I bought a big bag of assorted nuts for him yesterday, but the catch is, he has to come right up to the opening to get them, and I say something to him every time as well. He is getting better.

Net 130. I got bored and gave back 8. Even though I was going for 2.5x1, it was a crappy trade.

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  #1594 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

@DarkPoolTrading was kind enough to do the hard work on writing why WE trade.

1) Although I'm a friendly enough person, I'm not an extroverted people person. Some people thrive on human interaction. Not me.

2) I thrive on research, statistics, burying my head in a task. More than anything, I thrive on tasks that I do because I see the value in them and because they impact me directly.

3) Trading allows me to be true to my personality and strengths. It gives me the freedom (and solitude) required to learn more about myself and how I view the world. It allows me to take my career in which ever direction I want.

4) I have found myself being a better husband, and person in general. I now have time to read books on motivation, psychology and history and am finding my view of the world maturing as a result.

5) Trading for me is not about getting rich. Trading allows me to live a life more suited to who I am. The more I do this, the more I see how important it is for people to do what they're passionate about in life.



Thanks brother. Beautiful explanation.

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  #1595 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Bored tonight. Surfing futures.io (formerly BMT), answering questions that were unanswered, pissing off new traders, trying to sell my mountain bike and get some free chickens...

I think I recently discovered the magic ingredient I was missing. I have known, or at least suspected, for a long tme that psychology was then most important element. And I saw in myself that dealing with uncertainty was a strange thing. But it has been coming together for me recently. Some because of everthing I have gone through.

More and more, I find myself trading with not only no fear, but very strong underlying confidence. Not exactly confidence in that particular trade, but in trading in general. And "no fear" does not have anything to do with not knowing that there is risk. But seeing that risk as no different than any other. I wear my seatbelt every time. I eat healthy. Neither guarantess anything. I started and ran several businesses, none of which came with a paycheck or benefits that I did not have to create myself.

And I wake up every single morning looking forward to seeing what CL will do today.

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  #1596 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

CNBC - "...Libya's Marsa El Hariga terminal has been shut for over 20 days, its operator said on Monday, while a worker said Zueitina, a second oil terminal, had also closed because of protests two days earlier. "

Sudan is not that big of a deal now, but this might become something.

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  #1597 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

95.70ish is the preferred price du jour. But not for much longer. It seems Friday's move had a mix of lot of short covering and a little bit of conviction. If I knew what that recipe made I would be a genius. My plan is to see what the majority thinks.

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  #1598 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





I marked this TPO anomaly last night, and it became today's POC.

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  #1599 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


GaryD View Post



I was staring at the night setting charts, which I have yet to map over the day chart drawings, and with no analysis this stood out hard. Playing the other side, on a 30m CL has hit a 5WM target zone. Good symmetry to waves 2/4 and 1/5, plus W5 has confluence of 1.618 of W4.



If a well formed ABC can setup...and hit any confirmed support... maybe.



Friday's move had short squeeze written all over it. Not that it means anything about the validity of the move up though. Many major rallies begin that way... Before Friday's move, I was watching somewhere around 90.


The equities seemed so concerned about the timing of tapering, until Friday's news, but really the numbers were not overly telling. Ambiguous at best.

ES found the first major support on Thursday before the report, tagged it and ran back up. That was expected to some degree, but until it takes out the major high, it is WB/W2.




TUESDAY 6/11/13


Is that it? A question wave traders ask on a regular basis... lol!






I am very tired this morning, had 5 beers last night and stayed up late. Then got up around 6:30am this morning. I'll need to monitor myself closely today and step away for a few minutes after a loss. Melissa's dad is not doing well, and Father's Day is coming up, and we were up between talking and her doing her own thing as I stayed out of the way...



From a profile view, price has come all the way back to the area where it changed it's opinion of value on Friday (which I suspected was more a short squeeze than anything at first, just the way it raced through C). There are a couple minor ledges, and of course the start of C may hold significance.






On a higher profile view, the yellow ellipse was yesterday morning's trade location, price so far has found another interesting area.





I have yet to check any news, had several phone calls this morning and not moving at full speed yet.

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  #1600 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011











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Last Updated on August 5, 2013


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