NexusFi: Find Your Edge


Home Menu

 





Cattywampus Ramblings with Extra Cheese


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Fade with 108 posts (57 thanks)
    2. looks_two deaddog with 15 posts (17 thanks)
    3. looks_3 bobwest with 4 posts (10 thanks)
    4. looks_4 Kefkas Laugh with 3 posts (6 thanks)
      Best Posters
    1. looks_one Big Mike with 15 thanks per post
    2. looks_two bobwest with 2.5 thanks per post
    3. looks_3 deaddog with 1.1 thanks per post
    4. looks_4 Fade with 0.5 thanks per post
    1. trending_up 10,595 views
    2. thumb_up 154 thanks given
    3. group 164 followers
    1. forum 148 posts
    2. attach_file 26 attachments




 
Search this Thread

Cattywampus Ramblings with Extra Cheese

  #21 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89


deaddog View Post
Looks like it broke out at 9:50ish.

It's easy to trade in hindsite

What exactly are you looking for in the first 20 minutes of the trading day?

Are you trading off a chart or the DOM or T&S


I ended up going to the loo once my alarms went off, and things were certainly different when I got back, haha. Yeah, retrospective trading doesn't provide a whole lot of value since anyone can say price did "x" after the fact. Maybe I'll experiment here and there with some live stuff. Not sure!

Oh, the 20-minute part I wrote about was just how long it took me to identify that price was in a range this morning. In general though, in the first bit after the market opens, I'm watching to see what price is doing at different swing highs and lows. Which ones are being respected, and which ones are being ignored.

I'm trading solely from a chart, although I've casually looked at T&S before when there's been weird price movement. There was a time a while back when every now and then there would be this drop or surge in prices in a matter of seconds. Price moved insanely fast compared to how it had been behaving prior. When I checked the T&S there would be this wall of orders, all at the same price or within a tick, all at basically the same time, BUT, in 1-3 lot orders. My best guess is that it was a large order that got chopped up into nuggets, but that's just speculation.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Quantum physics & Trading dynamics
The Elite Circle
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Better Renko Gaps
The Elite Circle
Footprint for strategy Builder
NinjaTrader
CosMik Z-TP Trading System
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
ApexTraderFunding.com experience and review
28 thanks
System Performance Stats Comparison
13 thanks
GFIs1 1 DAX trade per day journal
9 thanks
Spoo-nalysis ES e-mini futures S&P 500
8 thanks
Trading with Intuition
6 thanks
  #22 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,324 since May 2013
Thanks Given: 188
Thanks Received: 4,162


Fade View Post
Oh, the 20-minute part I wrote about was just how long it took me to identify that price was in a range this morning. In general though, in the first bit after the market opens, I'm watching to see what price is doing at different swing highs and lows. Which ones are being respected, and which ones are being ignored.

Again I'm looking at what has already happened so take this with a grain of salt.

What kind of range would you trade?
What are you looking for to enter a trade?

This morning the chart showed a range that started wide then narrowed. The top of the range was consistant but the bottom was getting narrower. (on the chart rising bottoms) It is the kind of set-up I look for on a larger time frame when trading stocks. A breakout from that range is an entry signal. (This always works except when it doesn't )

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Reply With Quote
  #23 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89



deaddog View Post
What kind of range would you trade?

Hmm, I would trade a range that had wide enough swings to make it feasible to trade it like I would trade a trend. So, either a higher timeframe range, or a really volatile range. Otherwise, I'd wait for a breakout, but I don't usually trade breakouts. I will when I have more experience with them though.


deaddog View Post
What are you looking for to enter a trade?

In general terms, I'm looking for either buyers or sellers to step into the market at what I think are key areas. Those areas are somewhat dependent on the current trend, but also the prior trend. It just depends! I'm more comfortable with trading an upward breakout if it's preceded by a downtrend, or at least a good move lower. I'm less interested in buying a breakout from a consolidation that forms near prior highs. In my limited and novice experience, the contrarian breakouts seem to work out more often than with-trend breakouts. I don't have any statistics to back that up (or disprove it), but it's on the to-do list to study them.


deaddog View Post
This morning the chart showed a range that started wide then narrowed. The top of the range was consistant but the bottom was getting narrower. (on the chart rising bottoms) It is the kind of set-up I look for on a larger time frame when trading stocks. A breakout from that range is an entry signal. (This always works except when it doesn't )

Lol, I get that. Pretty much all of the patterns I look at are the same way. Sometimes when they fail it's helpful information, and again, sometimes not!

Started this thread Reply With Quote
  #24 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89

FOMC Minutes today at 2:00 PM, so no trading after 1:55 PM. Alarms are set.

MES Pre-Market:
Some volatility earlier from what I assume was the PPI release.

As of right now, price appears to be in a range between the high (4,415.00) and the low (4,394.00) of the (assumed) reaction to the release. No plans to enter if price breaks out, but waiting to see what happens, if anything!

Started this thread Reply With Quote
  #25 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89

Anchored VWAP


Plotting an anchored VWAP at the beginning of the volatility (8:30 AM) looks interesting. I don't trade with VWAP, but I can't trade right now and was looking for something to do.

Edit: Chart is MES on the 1-minute timeframe.

Started this thread Reply With Quote
  #26 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89

Seems like the range I mentioned earlier may actually be within a larger range, with a high at 4,419.00 and a low at 4,388.00. I don't know though, it's just what it looks like to me right now. I could be totally off, or missing something.

Started this thread Reply With Quote
  #27 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89

MES Range


A range on the 1-minute chart at the low of the first larger range I mentioned earlier. Hopefully it doesn't breakout before I post this.

Started this thread Reply With Quote
  #28 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89

Range Update


Updated!

Started this thread Reply With Quote
  #29 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89

Breakdown


Initial breakdown, then rally back up into the range. I consider that to be a range expansion, but I could be wrong. Looks like price is trying to breakout on the other end at the moment (not shown).

Started this thread Reply With Quote
Thanked by:
  #30 (permalink)
 
Fade's Avatar
 Fade 
New York City, New York
 
Experience: Beginner
Posts: 123 since Jan 2022
Thanks Given: 331
Thanks Received: 89


Breakout of the top of the range, and we'll see if it holds. Having a hard time getting the pictures posted in time, haha.

Started this thread Reply With Quote




Last Updated on April 28, 2024


© 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