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Like a turtle to his balcony...


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









GaryD View Post
accepting value possibly










GaryD View Post
there is my runner






GaryD View Post
Well, the good news is that somehow I ended the day up. The bad news is list is much longer. But #1 on the list is that I scalped the long side, and #2 is that I can't recall looking at any of my new indicators, which never once said "up". I decided I was going for a w4 "preferred zone" and there was no talking me out of it. Maybe I get a C+ in risk management today, but that is as good as it gets.


And I hope I can hold some of these thoughts until I get back from a DRs appt.


I rely heavily on volume.

I get scalping tunnel vision.



I want to go back and reconstruct the day. I learned something about my trading that holds me back and the story is here in images.

I permalinked this and may edit later. I saw recently that I have a time limit, which is good.

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  #782 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,387

On a day like today, you can tell there was a huge amount of selling pressure and momentum.. At least on my charts it was. You could see very fast moves of 30 to 40 ticks over and over. When Price is moving with such force..it can easily smash through all but the strongest support. The minor s/r levels come into play much more when the momentum is not as extreme. Low momentum..more reversals plays.
High momentum..Lot's of surges and breakouts of price congestion. Better to just take entry triggers and ride for fast 20 to 30 tick pops . I nailed lots of them today.
Market profile is good..but it's best not to lose sight of what is happening in the immediate moment . Of course..you know all that already..
Just a reminder..

Failure is not an option
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  #783 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011



lancelottrader View Post
Better to just take entry triggers...

I do. But I want to modify my trigger.

I saw something today that tied a lot of things together for me.

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




wow. Just opened SC.


I just went to post something similar again a few hours later. I have not seen one like this.

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

I want to be a trader. Not necessarly rich. I like the concept. And to do that there are some things I need to change. I am working on them.

Why I like the concept I may never know. I don't believe it really matters. If I do what I enjoy, and I am happy, why would I try to change that?

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

Whatever the trading skill is, applying it to the right side of the market more consistently is the pursuit. I try to change mine, or wish I could, or wonder if I should do something different. But at the same time, skills, or awareness of something is a hard thing to let go of. It is so hard to get in the first place. So when I reach a point of trying to move forward, I find self-created instinct to be hard to tell from the real thing. Hard to change.

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


GaryD View Post
I do. But I want to modify my trigger.

I saw something today that tied a lot of things together for me.

I am prolonging the pursuit of bad behavior.

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


josh View Post
By the way Gary, when it comes rollover time here's the basic procedure, using CLK to CLM rollover as an example.

1) Be sure you are disconnected from your data provider
2) Backup your data file in your data folder, just create a copy in case anything goes wrong
3) Edit->Adjust Data
4) Add/Subtract amount: let's say CLM settles +.30 higher than CLK. You will want to put 0.30 in the box, and click OK.
5) Exit SC
6) Copy the newly adjusted data file and rename the copy to fit the CLM parameters (including month letter, number, etc)
7) Restart SC
8) Change the symbol to the new symbol name on all your charts
9) Connect to your data provider
10) To be sure you have new data if it's already past rollover, right-click on a bar where you want to refresh data (the 18:00 bar on rollover day for example), and do a "Delete and Download Data"

Seems like a lot but it's a very flexible process that is quite fast once you do it a time or two, and the nice thing is you have complete control over the data, the range to back-adjust if you like, etc. You can even modify the volume info if you like.

There is also an automatic rollover process, but I have not used it as I don't trust it and prefer to know exactly what is being adjusted and at what times, and by how much.


Thanks Josh. I just saved that to PDF.

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

Officially moved to Sierra.

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



Silver Dragon View Post

To change points to profit go to the menu Chart --> Chart Settings then click on the advanced tab. See screenshot.

That is not a very good place for it.

I have come back to this post 3x now.

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Last Updated on August 5, 2013


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