minoo

These two articles may give you more insight into how other traders project prices, do parabolic trading and use intermarket relationships. (for Silver charts look at the previous two posts, I did update them) Technical Look At Gold and Silver Parabolics (NYSE:GLD, NYSE:IAU, NYSE:SGOL, NYSE:GDX, NYSE:GDXJ, NYSE:SIVR, NYSE:SLV, NYSE:DBS, NYSE:AGQ, NYSE:ZSL, NYSE:UUP) | ETF DAILY NEWS ETF Trading Gold Newsletter » Parabolic Moves are Only Temporary for Silver and Gold Enjoy Minoo

Hey Negotiator I have not experienced previously such margin hikes; Apart from when I started to swing trade and hold position overnight and when I change brokers (but less commision paid) I can share with you some observation though: Often market touches areas/targets of proximity in its present direction; irrespective of immediate positive / negative news or sudden events. Once this near price area has been reached / breached it may change, continue or correction may occur. Defined areas in my plan are mostly previous days/sessions highs / lows, Gaps & Fib ratios or measured alternates. Note for Historical new Highs; Fib Projection Areas work well as targets with other relational charts to confirm Change or Continuation or Correction. I use measured alternates and auto fib plotting on all my charts (white and magenta dots) The different legs of the market moves can be pretty well be anticipated with measured moves and fib ratios; Such areas of confluence are high probability zone for me to either use as swing targets or initiate day-trades For Trend change or major correction I also use corelated or oppositely related instrument pair to confirm the respective target areas and Price Change. Price is The King and There is nothing better in my opinion than price confirming price (intermarket relationship & patterns). Around changes Stock prices may lag futures contract (ie Last week Gold Future prices rised but Gold Stocks laged more than usual) One have to be Open Minded in markets and be prepare all the time for whatever the move, Nothing works in the market all the time & neither I can be consistent at all times in my approach. But I find myself better prepared (checks) & governed with such areas / zones pre-marked or projected in my workspace. They provide me with price progession Grid and Boundary (Targets) to be mindfull about. Check out the Euro-Dollar Inverse-Relation & Gold-Silver Co-Relational charts Hope this helps Trade Well Minoo

Quick Update (Hopefully its on time for you) Sorry I previously could not post any silver update as I didnot trade any silver, no sense in showing something which you donot do. Thanks for your encoragement and Since I have, so here is the update Note I am an novice with silver and its volatility, but analysed it same way with my charts & method. Note the Daily-Gaps further below and the Weekly one too. Next to weekly is the daily chart. Need I say more! But remember; Nothing goes in a straight line; Neither the Mouse to its Cheese nor the Price to its Target. Enjoy Minoo Note: The Broker made me click a few times ref margin ? ? Before I could execute first time in Silver contracts.

Thanks MMS & Friends for the comments and query, I will try to explain as below please also refer to the charts it may help. I generally donot like to post charts about my entries nor charts after event has past; I hope the charts posted here will help to understand the below explanation. I try avoiding charts with right side printed and positions shown on left side. Though I firmly believe, that 'Present Hind-Sight is my Big-Picture' I completed my exits in future Gold contracts around the 1560 area & updated this thread as quickly as I could. Just after posting here Gold Price shot up to nearly 1570 within minutes. It gave me no chance to move and do some Dollar Analysis I was intending for the Friday close; The opportunity had build up in Gold quickly. The London inner circle rumours were about the Royal Fib Push and one needs always play with cautious such murmurs. I was concern about price volatility and liquidity so choose to scale out my position to be flat. For such opportunities, I believe its best to play the parabola effect of News in pure daytrading style. (what's driven up or down by News / Manipulation, comes to rest / test back area of origination (mostly as quickly but with the twists) I was out of my long positions around 1560 area; so I was able to be nimble with momentum or this perceived / anticipated volatility (note my weekly chart showed price around channel high & target area above around 1584, refer to chart of previous post) I made the first attempt to quickly, short after the first peak 1563 at 1561.9 (Trigger chart showed, Minor Div at Area) and got stopped out soon. Next push peak came to 1567 (no area, no price pattern only the pivot and I was happy to see it go). The final push brought the price to 1570 level; This time at area with minor double top pattern on my trigger chart and as the position started to pay off; I started to scale in and out, till the price reverted to its origination push area back to 1560. Whenever I get out of major positions I take snapshots for my record/studies later (its a good way I have found to improve on my exits and also entries) Good to capture these moments for later reflection. I took few of the DayTrading style shorts, I sincerely hope they fill in the rest; To origination trades. Thats all explanation I can offer folks! Enjoy Minoo

Anticipated this Royal Fib Push in Gold Top of Weekly Channel, Went Flat just minutes ago Now Flat on the market for the holiday season Though the Dollar trade is looking very tempting, will set up limit entry levels Enjoy the Holidays Minoo

I have coined some of my own during this Epic Yatra to learn & better my plays Sorry guys, if they sound like advise, difficult to translate them into English language & maintain the same feel & rhyme. One can translate the Prose but not the Poetry or The Pun. Know your Traderself well Matter of Grey, better dealt within Natively I am the most important and also the least efficient part of my Trading System. Many pre-market preparation are done without self being first made part of one's own system Day Trading is to Trade 'The Process' mindfully (Objective is maintained when sticking to known Processes) One can make money only with one own tailored System, this way you wont land up either sizing up to someone else's trading-plan nor trading against one's own-self. To transform from a L-earner to earner, one only needs to loose the -L Allow only learning to happen deeply, when you inevitably trade your own mistakes repeatedly and again; As by loosing in now (timely), though the path feels unnatural to adhere, yet one if survived will eventually earn for ever. Have a cognitive plan before your trading plan, as Trading can be learned, But not Tought Mind is such, if given the chance (ie hope, pray, hesitation) while trading is breaking its own rule If one falls shy of self-talk, mind cannot listen to one-self, But often does so well in disgust 'Present Hind-Sight' is my Big-Picture OM (nirvana) in Trading, is to Effortlessly keep an 'Open Mind' Have Preferences but thou, Not keep any Biases; Shall Anticipate but not Predict; Shall Speculate but not Gamble or Act wise on ones own Vice Successful Trading is Convoluted in all the C's 'Change, Continuation, Consolidation & Correction' That too, in No particular Order! Defined Rules cannot mind, The Mind; Yet they are self-imposed in name of Discipline Guidelines are better to Frame a Mind & to Mould it by repetition In trading one 'looks to see' and 'listens to hear'; The first part is mindfully and other effortlessly Enjoy the journey Minoo

Seasonally I am taking an Exit and went Flat during the early Globex Opening by 2AM GMT (28th April) or 9PM EST (27th APril) with most of The Swing Long Positions Accept YG & Gld which I am tightening the trail to go Flat Completely and have a clean break from the Markets for the next month. If occasion and opportunity allows can always day trade. I am not sure what plan you all have for the 'May and Go Away' theme but I am almost done man. I have attached Dollar, Euro and S&P chart; Any comments welcome. Is anyone thinking contrarian to be Long Dollar soon ? ? Enjoy Minoo

Here is an appropriate Article to this Topic; By Austin Passamonte The Easiest E-mini? | TradingMarkets.com Enjoy Minoo

Thought I update this thread, Seasonally Speaking! Will May be early in the Markets & Beginning of The End of QE2 will have added effect ? ? Mark Hulberts comment well enlightens the present Scenario & Sentiment. Some Historical backing too, Note the previous CAPE valuation in regards to Past Bear Markets History bodes ill for stock market - MarketWatch Need to take Heed to avoid the May Heat. Any comments Welcome -Ta Minoo Note the comments of Previous May's in this and another thread 'Sell in May and Go Away'; Prepare, Plan & Enjoy.

Hi Surya Could you kindly throw some light on Dollar and Gold Many Thanks for starting this thread Regards Minoo

MMS I think they need to select particular date for Stats reason, not for actual trading; If they would generate stats based on a Seasonal Entry / Exit Strategy as below than the results would even be more Interesting. Here is a good link for Seasonality Entry / Exit Sell in May and Go Away Seasonal Timing +--------------Below is the Extract from the link----------------+ Background Previous research on seasonality indicated that the market’s pattern of favorable seasonality begins October 1st or November 1st and ends May 1. They discovered that those best day to enter the stock market on average is October 16 for the upcoming favorable seasonal period, and April 20 is the best day to exit from this favorable season. However they emphasized that the market does not begin a rally on the same day each year, or begin to decline from a top on the same day each year. Based on this reason, they improved the strategy by using MACD to pinpoint buy and sell days. Entry and exit rules: After October 16 arrives, the entry rule of this STS is that we do not enter the stock market until MACD triggers its next buy signal. After April 20 arrives, the exit rule of this STS is that we do not exit the stock market until MACD triggers its next sell signal MACD: the MACD used could be found in MACD Strategy. This strategy is also called 'Sell in May and Go Away'. Mark Hulbert has followed this strategy for many years and written peridically on it. The following is the latest article on MarketWatch.com: Should I go away or Should I play? +----------------------------------------------+ Enjoy Minoo

Is it a conincidence and how long since this coincidence has presented itself that it makes such startling Stats I hope this thread is put back in perspective again sorry Tam about my ranting above (but you live and learn to earn) and Thanks MMS for your support Here is another good article with an startling example (Stats from Stock Trader Almanac) Article Title: Why some investors sell in May and go away by John Heinzl (Article was Updated on 3rd Nov) Why some investors sell in May and go away - The Globe and Mail +------------------Example extract from the above article-----------------------+ The difference is staggering. According to the Stock Trader’s Almanac, $10,000 (U.S.) invested in the Dow Jones industrial average from Nov. 1 to April 30 every year from 1950 to 2008 would have grown to $474,305, assuming the money was switched to fixed-income investments from May 1 to Oct. 31. But if the $10,000 was invested in stocks from May 1 to Oct. 31 and parked in fixed-income for the other six months, it would have shrunk to $8,012. +-----------------------------------------+ Though the Stats are amplified by reversing the time invested but still shocking; Any such links, insights on such Stats will be well appreciated I need to take more heed (not heat) on my investment side of things than on trading, approaching May. Instead of Hedging ones investment / pension during May to Oct; Why not Park it into fix interest instrument, Inverse Funds, etc & reduce the Hedging burden as well buy back into better value; Makes Sense but is it doable? How do you manage your trading and Investment positions during such known seasonal times ? Would like the forums opinion . .. . Thankyou Minoo

MMS Please consider to have a scrolling calendar for the current day on the front page of thy website. Further you can consider to expand or pop it if you hold your cursor over it for couple of seconds. Ta Minoo

After I commented on 27April @ 4:42 AM in this thread 'Sell in May and Go Away' I got in Plenty of Trouble in May with my firm, which obviously had some disclosure restrictions while one is contracted-out this includes your own Analysis. Nobody gave much notice to passive Blogging etc... Till one day in last May I foolishly was updating the below threads of my endeavours in May http://www.traderslaboratory.com/forums/2/charting-past-bears-4622-5.html Refer to the comments & charts posted on 27th April @ 5:36AM (Thread number #47) till 7th May No trouble with the markets as I very taken most of the action before I blogged; But Oh boy! when my firm found out about the so called 'Timely-Updates' here on TL after the 6th May Eventfool trading; This butt got in plenty of Trouble. Further to add insult to their ego, I had commented on 2nd May Sunday (I commented this before their very bullish weekly outlook Mon 3rd May) Their perceived target was 1300, they thought it will get hit with momentum once market crosses above 1200 & retrace back than. The chief analyst, risk analyst, my manager went all Ape Mad after the Eventfool 6th May and someone pointed them to my comments Its wise always to respect your said contract & meticulously go through it in the first place before you put your name on the .. . . .. line. The agent may say anything and to him it may be routine & sooner the deal is done he gets paid. Its only your and truly your butt on the line once you sign it. In an Institute it doesnot matter how well you do, You do well accordingly. Otherwise you will bear brunt for being right not their way. In Market, even if you get it right you can still get your butt kicked. Should have than taken the opportunity and left gladly; But whether it was (ego, uncertainty, fear or whatever) I chose to stay put; Soon to realise the foolish decision I made. When trouble comes it brews from all the four sides. Any way its recent-history now; Most important that I have me freedom back & learnt me lesson. Market teaches you to be humble in all possible ways, its not that you have climb the mount Everest and can Stick your Pole up for the world to see. I believe one needs to be humble as well as discrete to gain and retain. At times I often wonder if voluntary castration could be a remedy (one leg less of emotion)for traders to take when dealing with this lady (market) Well you can laugh at my expense but dont repeat my mistake which we trader so often do. Enjoy Minoo Note: I still have not updated some threads since, will get round it soon. Busy setting up me trading shop

Skeptic in relation to that this people are here to push some product or service only Rather than to share and teach or take an educational approach. My understanding of Astro Science is one of the most ancient knowledge, pre-dates any modern religion era I do believe that emotions effect the markets and would like to investigate /study further if planetary action effect human emotions If I want to be skeptic about something than I would like to obtain the knowledge first and keep open mind till than and still repectfully it would be more of an private nature rather than of public as no knowledge is complete Without the knowledge Sir its only the BS; And its not the other way round! Everyone is free to choose to remain 'Ignorant or Pursue knowledge', Equally. --------------------- Thanks for the links and invitation I will pursue them further you should have put it in the forum others could have benefited but I respect your wish Yes I agree with you that the Forum environment should remain open to learning and sharing first rather than of anything else your comments are quite good please refer them to the moderator. Regards Minoo

This could be an interesting thread after all Thanks MMS for keeping an Open Mind (OM) hope the Skeptics do as well & not just kill off this thread. I am quite ignorant on Astro Science and do not want to go on any kind of belief alone but acquire some knowledge pertinent to markets Hi Dharmik Team thanks for starting this thread, I always was intrigued and wanted to learn more on this ever since I talked with Larry Pesavanto in his seminar on Patterns & Fibs in one of the London University. This could be a good chance, hope the learning begins . . . Ta Minoo

Interesting Article and Stats on Daytraders Wall Street Warzone Day-Traders Lose Big, Still Live in Denial: 77% of American Traders are “Losers” While 82% of Day-Traders in Taiwan-China Are Bigger “Losers” Print I wonder, what's percentage of actively trading/contributing daytrading SID's there are in eminis ? Enjoy Minoo

Try This Proprietary Trading Desk Jobs in New York, NY | Indeed.com Best Luck Minoo

Thanks guys Its worth going through his theme Trading in the Eye of The Storm Refer to the pdf, excerpt from his upcoming book IF you want more learning videos from Dan G Than browse on CME site in the education section Here you will find several videos from Dan and others to suit your learning Browse Materials CME Group Videos Keep balance & Progress Well And dont ignore self matters Enjoy Minoo TradingInEyeOfStorm.pdf

Zdo you may like this article check it out Draft by Brett Steenbarger The Mental Game of Trading Enjoy Minoo Finding the Zone.pdf

Some more Tutorial Videos from CME Building your CME Emini Futures Trading Strategies By Dan Gramza start I am sure this CME Video on Technical Analysis based on Suri Duddela book Trade Chart Patterns Like the Pros has been posted at TL. Its an absolute classic worth revising & essential to those starting out Trade Chart Patterns Like a Pro And Definitely read this particular Blog Learning to Become a Successful Trader | E-Mini Player Hope you all progress Enjoy Minoo

I just had a sunday conversation with one of my pals & something similar pop up Your question is challenging, Rule, Discipline & Adherence .. . Below is my good attempt to answer it Pre-Market Routine and Preparation of Thyself and System (both) As per myself, the above is more of a Process or Good Habit. In my book, If my mind knows of a Rule it inadvertently wonders off to break it I learned to choose less tussle with my grey-matter and discipline for ones own good. Tried different approach with Process, Routine, Guidelines rather than to let my mind know that 'Its a Rule' This way it seems to work more regularly for me. Note: When learning to trade and struggling, I went through the Rule base plan where I found both my system and method unnecessary challenge more by my traderself than technically or by trading events. But it was necessary to experience this phase in a rule based environment. Its like when learning to drive the car, you are aware of the rules of the road but hardly can drive correctly. Also become too cautious and you put the mental breaks on your ability to learn. For me rules work better in my learning plan (with repetation, balance & progression) than ever in my trading plan. I have experienced & derived at something different now, which works mostly. A good question my friend, Hope this helps Regards Minoo

The Eventful WRB It got created for whatever the reason (Mistake, Fat finger, Bill - Mill mix up) The price got traded and its plotted on our charts For the Technician, truth is there as it shows, it doesnot matter for whatever reason it happened! Debate as much as you like but also keep an Open Mind, The market will trade it range again I completely understand it will skew short term indicators, time series, cycles, etc. I have use the 50MA on the weekly, which shows support and a minor trendline through the previous recent lows I will treat it the same as others but when price comes near the lows and highs than I would expect again an emotional crowd or extreme cautious. Mark it as Support, Resistance, Potential Head-fake area, Gap Area (If they prefer to trade it over-night session less of a crowd to control) etc, etc whatever is defined in your system. From my system guidelines, I will not trade such events for atleast the next two trading days. Be Cautious but not be afraid to trade it. Treat it as an volatile fed news event and trade it as a parabola over the next days (Generally for indices, what goes suddenly down with news trades back up and than the market decides) There are plenty of opportunities elsewhere to daytrade as I previously said Gold, Dollar and Pound. I am done my friend, & I thought its May, take it easy. Will do Now. Have a Good Weekend Enjoy Minoo

Thankyou Sun for the Elliot Update, wish Tradestation has such EW indicator (or does it ? Anyone .. . ) A quick update, as per request, I have included the daily-cash with the gaps marked The trick is to observe gaps in both S&P Cash and Futures Indices, I monitor gaps on both. Sorry I have not much time to annotate the daily at the moment. I mostly look out for WRB's, Bearish bars, Inside / Outside bars, Gaps & Fibs and Measured Alternates On the ES futures index you can see today how it found an area and bottomed While Dollar Peaked out around 84.4, I have found intermarket relationships more of use than just relying on indicators. Next target for Dollar 85.5 & ES to the projected symmetry & gap fills area below. Gold & Dollar usual inverse relationship seems to be working fine again today after days of disruption. Correct, on the S&P weekly I am using the 500 & 900 Simple Moving Average as in reference to the Bear Others are proprietary Fib lines. Sorry. In the magnified weekly chart I have projected the dashed-lines & Synchornised the color The juncture falls at 61.8% retracement, if it works-out than we will call it Symmetry, LOL I am more looking out for daytrading opportunities in GBP, USD and Gold as general election in UK Good Trading to You all. Minoo js redirect

I have updated both the charts Previous two Weeks shows consecutive Outside Bars I have highlighted the area which denotes the retracement of two previous WRBs of 3 Oct and 10 Oct 2008 and just above it as previously annotated the 26th Oct 08 Gap which filled on 26 April 10 And Both previous Months have minor gaps, refer to monthly chart Sorry man the fib timing part I have marked on the weekly, but no comments as much difficult for the top formation Pl. request Suri he is the best person to comment on Symmetry formation & fib targets No I am not yet taken any swing stance, I will keep an open mind let the top or this volatility play out, No swing plays for me as the wide range may hit often my trailing swing stops, So just playing it Nimble & Safe here with the anticipated volatility; Daytrading with a limited/reduced account Trade Well Enjoy Minoo