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Like a turtle to his balcony...


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  #1611 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011




Or do we just go sideways?

I am going to watch this thru close or stopout. Not sure about a target yet.

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  #1612 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Hindenburg Omen - Wikipedia, the free encyclopedia

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  #1613 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


closed at ETH VWAP, looking to reenter.






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  #1614 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


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  #1615 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Closed again at VWAP, looking to reenter - but not interested in selling into value. May sell higher, or lower, but not here. The day is coming into balance.


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  #1616 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

ES testing the day's value



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  #1617 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Price has come back to balance, still above RTH VWAP. No short trades here, and may even go long depending on what ES does. But most likely looking to short again, or be done for the day. The closer it gets to 2:30pm, the more difficult it could get to determine what is happening. 45 minutes to go in the RTH session, do I NEED another trade?

There is never a NEED. There are good opportunities.

If I were swing trading I would be seeing this as W5 down, target 93.90ish





Which is also in the range of the higher profile NPOC





But, I have finally accepted that I am not a swing trader. I am a daytrader. I watch swings to give me clues, waypoints, expectations, an edge. I am not embarrassed to be a daytrader. It takes a lot of work, an unbelievable amount of work to most people. I have no need to be anything other than the trader I am. No one does.

A part of my issue last year, was I wanted to push myself into swing trading, because I was becoming a good chart analyst. But I do not have the personality for it. Meanwhile, calling myself a daytrader brought a lot of weird looks from anyone I mentioned it to.



If they only knew that all daytraders are not just losing their ass on a regular basis, grouped in with gamblers, seen as chasing "easy" money. There is nothing easy about it.

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  #1618 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I think that is why I went through this entire day, step by step. On one side, to claim some pride for what I have accomplished. Being a trader is not something to be ashamed of, but for me it has been when it came to conversations with my wife, my stepfater, many of my friends.

And the other to show that they do exist. I recently had an experience that shifted my entire balance regarding that topic. It means a lot to know that you are not believeing in something that does not exist. It does in fact, exist. Very few make it, true. It is something you have to earn yourself, and it is very dificult for anyone to help much with certain things. But if you want it bad enough and are willing to stay at it, be realistic about it, be patient about it. Spend years studying...


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  #1619 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011







1 off


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  #1620 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011






Closed. I am working on taking at least 1 ES trade a day.

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Last Updated on August 5, 2013


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