Patuca

May i remind you of my post #921 Post 9-21 made on 8-2 PS GOLD IS BULLISH AND THE ES IS THE MOST BEARISH IT HAS BEEN THIS YEAR. You may wish to check back and see when this 80 point drop down started. If i am correct it started the very next day. That is right..the very next day! Then....... My post #944 8-7 Please look at charts in next post and meditate..indices are bearish and gold..silver...etc is bullish...it may require some deep meditation.. Gold started this last move up on 8-6..... No one listens.....could be because i am not at the master or wizard level on the forum :rofl::rofl:

Laughing again eh?.. Read the song. The code is in the lyrics...thanks to zdo.. When you're weary Feeling small When tears are in your eyes I will dry them all I'm on your side When times get rough And friends just can't be found Like a bridge over troubled water I will lay me down Like a bridge over troubled water I will lay me down When you're down and out When you're on the street When evening falls so hard I will comfort you I'll take your part When darkness comes And pain is all around Like a bridge over troubled water I will lay me down Like a bridge over troubled water I will lay me down Sail on Silver Girl, Sail on by Your time has come to shine All your dreams are on their way See how they shine If you need a friend I'm sailing right behind Like a bridge over troubled water I will ease your mind Like a bridge over troubled water I will ease your mind

thanks..i thought it fit the occasion..context...and i did like the song you mentioned....

oh ok i see i am the bridge. I hastily read this the first time and did not meditate well enough on the matter...it is clear now...we must all meditate deeply about the markets as they are being manipulated....to the danger of you billfold....financial well being...and happy wife who likes to shop. Capt bob must have moved on to another instrument to trade........?... I have had health issues...blood pressure spikes...the emotion of it all?? Feeling better today...need to go fishing and get away from the markets as they continue down...it is exhilarating to see the drop...mucho dinero was made by patuca in the ups and downs of the 80 point mini plunge (pb per MM) but it also is depressing to see what the fed res is doing to the economy and how it will affect millions of people and their financial well being. Of course, markets could turn up any time and all will be happy again...except the odds favor more down moves in the indices.

is thou a bull bug on the indices? They will soon be chopped without mercy....you realize, don't you? You may want to make haste and swap sides.

me thinks he is referring to the indices. Are you bullish on indices? Probally so.........oh well....zdo song is for you....the part about the troubled waters....:rofl: i think i may be the bridge part...but zdo was not clear..maybe i am the troubled water and you are the bridge? However, i am not troubled by an 80 point drop in the ES.

:yes sir::yes sir::yes sir::yes sir:

It has gotton mighty quiet on this thread.....i stood alone and no one listened...my words were not heeded..song describes the fiasco.... PS...every dog has his day....

I would say price went up after the last candle for at least a decent scalp

and sitting bull confirmed it with the secret indian code....oh well....:rofl: :rofl:

yep i for sure did....

oops maybe I did.....

did i say the indices were bearish and the PM bullish? did i really say that?

In general the ATM strategy is for ranges in areas of accumulation or consolidation. taylors techiques work well at these times...the longer term trades i.e. over several days are based on PB/BO opportunities as the market presents them. The longer term are trending strategies. A trader plays both. Why not? Why stick to one especially when so much of the time the market is going sideways.

For a traders longterm trade he is sitting well if he bought the open of the next day after this BO 7 days ago. or even if he waited and bought the breakout yesterday of the pullback from previous BO. For a traders short term trades the ATM strategy worked well in the PB consolidation. Now Friday 23rd august another big BO. what will come next? Probally a PB of some sort. A trader might be prudent to exit the long taken when sitting bull stood up (7 days ago). Then wait to see if there is a PB monday, next trading session. If there is, then play the ATM strategy for the next few days on the PB. If on the other hand monday PA continues to show no PB then it may be prudent to get long at the market. Since odds favor a PB monday (but who knows could go either way) a trader that went long 6 or 7 days ago may want to consider not giving back any profits. If mondays PA continues straight up he can always re-enter.

what a golden opportunity....sitting bull is walking out of the tipi...

very good win rate. Keep it up.... :applaud: :applaud:

Capt Bob not sure where you get that? The ATM strategy is to SELL on a break above the high of the previous bar when at the top of the range. That would be anywhere near 1380. Cover on any 15-20 point profit as it trades back towards the low of the range. Now if it breaks out real strong out of the range above 1380 then a trader does nothing, as far as going long is concerned, until the breakout is confirmed, via strong bull bars with good volume or bull bar (s) then PB with a continuation. so, basically a trader bets the breakout will fail and gets short at top of red box. the range could breakout tomm. or it could go on in a range for several more days. a trader plays the ATM strategy until otherwise advised by the PA, hence betting on failed breakouts. sooner or later it will break either north or south and sure the trader will be stopped out on his last atm strategy but he will have made some mula until the breakout does happen. see the red box on your chart. at this moment it is in a range. most breakouts fail. hence the ATM strategy..

......i sometimes make little tiny notes on the chart during live trading...do you think the broker can read my notes? :rofl: :rofl:

HAPPY BIRTHDAY Capt Bob!

the interpretation: small angel signifies scalping or smaller trades. both hands full of money...means scalping may fill your hands with cash like an ATM machine...the date 23/8 means you might should consider going for a RR 2.875:1 (23 divided by 8 could round it off to a 3:1 RR angel won't mind), the letters BOB mean Bear Or Bull. The present is the strategy the angel is giving you on your special day..you waking up to cold coffee means your previous methods may not in line with the market and leave a bad taste in your mouth so much so that you do not want to drink it anymore but rather might toss it out the window. patuca

handle...i scalp quite often too ..like today... 4 trades in ES, 3 winners 1 loser, net.. 3.75 points per contract after comm leaves a little over $167 per contract. 6 scalps on NQ 5 winners 1 BE. Net per contract after comm 209.94 on these slow grinding days money can be made using different tactics depending on context. are you trading all three ross patterns you learned or just one of them? looks like you are satisfied with one trade per day or did the pattern just show up once per day? you don't get bored? are you watching the chart all day or just a few minutes at certains times of the day?

capt Bob how come you seems to always be trying for home runs? When the market gives you 15 or 20 points how come you don't lock that profit in? You can always enter again if the trend continues. gold tends to have alot of overlapping bars...mini ranges..consolidations..etc and then the occasional out of the ball park homerun. ..but most of the time no home runs....think about it.....meditate deeply..

well in the end what counts is if you make money and are satisfied. you seem to do first and seem to portray the second so that is good.

Diaries can form as many bad habits as they do good...besides just being time consuming...plus they can be depressing to read if one is having a string of losses. My theory is don't sweat it....a loss is a loss. Get over it...each day awake to a new opportunity. You can drivel..drovel...whine..cry...scream..holler...analize..beat yourself over the head...learn from it..the day of the loss but then forget the thing and start the next day with a fresh mind, with a fresh opportunity. Why write all about it and reread it months later. You done learned the lesson..why pour salt in the wound..forget it...be done with it. No need to work yourself up into a tinsy again...what..if...senarios...etc...learn the day of the pain and then move on. All punishment has bigger impact when closer in time to the infraction. The markets will punish you when you are wrong. Learn from that ..the same day... and walk away a better trader. All this navel gazing BS does little good...my opinion but again never listen to what i say and of course never do what i do! I don't need a diary to trade successfully! Do you?