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


greenr View Post


I can talk making the few stupid mistakes I made last week trying to buy and fade the lows into that sell off

Me too Ryan. So what? When it becomes too serious it gets dangerous.

I watched one of Ben's videos today, and can't help but notice his chilled attitude. And somewhat get it.

As men we think we need to step up and make something happen. I have had to in many roles throughout my life. But, if you want to trade, it is not exactly a dominant role. We are the market's bitch... as it may feel as we learn to move that direction.

And then we become priveleged to ride it. And the line of dominant/submissive goes away.

Relax, you will lose. And then you will win. You will get frustrated. And then you will feel like you are getting somewhere. But you will make it.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
tick data interval discrepancy
NinjaTrader
Better Renko Gaps
The Elite Circle
Quantum physics & Trading dynamics
The Elite Circle
Elite Trader Funding, Avoid?
Trading Reviews and Vendors
MC PL editor upgrade
MultiCharts
 
  #952 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





I took the red zone from the 240m and drew it on the TPO chart. Look at the rejection. Not necessarily from the RTH session, but in ETH. Go back over the past 2 days.

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



GaryD View Post




That symmetrical triangle continues to play out. On a longer range I would anticipate short side dominance below 94.50 (actually short side entry zone there as well), but possible temporary support above 91.50.

88.50 for minimum long range correction completion, further if this is a new trend, with temporary support around the merged TPO excess around 89.90.

I am wrong often, and that is OK. But for now...

I did not think CL would fall from where it was, I thought 94.50. So now it has been tested 2x, and falling. I have to go with that, or risk the possibility of never trusting myself.

If it breaks out, fine, erase the lines and start over...


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






94.38


And that red (pink) zone was drawn well in advance.

That would look so much cooler if I had the rejection of the LSP shown.

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

The path to learning to trade, is;

1) Defining structure

2) Recognizing structure

3) Obeying structure.

The definition of structure is a variable.

Because (dramatic music "DUH DUH DUHHHHH..." you can learn the correct mindset and still follow the wrong things.

The worst reality, possibly, is that you have to choose a path, dedicate yourself to it, and become the absolute authority on that path. All on faith.



AND...


If you're wrong, try again.

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

Of course, there is the whole issue of,

"why trust a pirate?"

You would prefer to trust someone who looked professional, dressed professional, spoke professionally, acted professionally. Many people would not believe how much money is spent on that. What is advertising anyway?

But I have seen the images people become, and not portray but truly live as, and then seen that I do not trust apperances. I trust truth, and transparency, and real world face in the dirt experience.

Started this thread Reply With Quote
  #957 (permalink)
 
Silver Dragon's Avatar
 Silver Dragon 
Cincinnati Ohio
Legendary Master Data Manipulator
 
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238

Here is my hourly view of CL; short term is up in a nice channel. Weekly chart is interesting.. Assuming it continues to follow the same pattern, it may take another week or two to get back to the top of the triangle which would be around 97ish.

So what happens when it breaks out of the weekly triangle? will it break up/down or continue to move sideways. I seem to remember something about breakouts start occurring around 75% length of the triangle. I think we are there..

Robert




nosce te ipsum

You make your own opportunities in life.
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #958 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

CL is weak. Has a hard time going against ES which is not letting it fall, and has so many layers of anticipated support to get through. But give ES a chance and look out.

Rejecting current value, rejected yesterday's IB low...


I'd like to see it tip over A period. If I am going to try to guess a day type, it would not be trend as there is too much momentum without a catalyst.

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

Of course, not expecting a trend day has nothing to do with it's possibility.

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


Today I will blame the ES for my impatience.

My dog does something similar when I want to go somewhere she doesn't. She locks herself into a stance and will not budge. She is currently scared of the neighbor and there is a tree line she will not cross. Any direction but that one she is happy. So sometimes I find us going sideways along that line seeing if I can get her comfortable. And then usually I just pick her up.


MY DOG





ME


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