minoo

Whether be it the Bull or Bears way Trend the right path, keep BIAS away Bottom Or Tops, I see all shapes and size Lady with long legs, leave you standing by She needs not much foreplay, to get you to pull She fools you prematurely, you Da Main St or Wall St Guy Often She is quick to turn and swing wide You will often be caught, on her wrong side Whether you click quick or reverse your lot, She will leave you broke, with your plot Whether you like, the bullish or bearish style She will barter both ends; off your hands Business is quick & hard with this lady A punter with right mind, will think and react wrongly Whether be in market or dreams of plenty You cant tango, with this lanky lady Than dont be a fool man! Now go Vote or Stand a side Enjoy Minoo (Sorry, English is my second language, so some fun lost in translation)

Visualization, has help exercise my mind; for me it defuses the energy-burst which I previously was not able to much control. I made use of my diary to write about myself as a learner and questioned my undesirable behaviour, somehow it helped my concious to see it eventually while trading (ie anticipating market action at approaching areas & pre-deciding action with conditions & narrowing focus to price-action or market internals) I did use to meditate occationally; And than frequently when I faced challenges to learn to trade,. Since I started doing Visualization it has helped me a lot in certain aspect of my trading behaviour. I would like to quote an interesting Para, from Vadym Graifer, Tape Reading Book (Pg 30) Sub-Title: Using a Trading Journal ------------> The other purpose is to determine by analyzing these trading statistics what is happening in a trader's mind. However, most mental changes and developements occur subconscicously. It's hardly somethig we realize and recognize while we're trading. Any attempt to write this kind of thing down will most likely lock us into the mindset of "what we think we think." For Example, if problems with our mindset lie below the conscious level, then how would writitng down these things help us determine when we go wrong ? We would most likely write down not what really happened in our mind but merely repeat that same erroneous thinking process that took us nowehere during the trade. Instead, my approach led to an objective take on my reactions and allowed me to analyze my weaknesses. This journal served as a window into the inner world of a trader's mind. <------------------- Enjoy Minoo http://greatday.com/v.html?2119s07MRpn8

Mentally exercise your emotions, so you dont land up executing them Open Mind energy (OMe ..) keeps my emotions in place and in markets moment. Healthy pre-trading routines and preparation helps Playing probability is not a game of high accuracy, but of positive expentancy Known expentancy of my edge, whenever employed consistently, makes me a big or small winner I do believe in employing simple systems consistently Systems with too many charts or indicators creates psychological problems for traders New & struggling trader simply falls in the trap of making ones system desirably highly accurate; This increases the complexity & analysis, in turn over uses mind, provokes untimely thoughts & reasoning, & arises emotions. Emotion seperates trader-self from one owns Objectives and Triggering mechanisms; Hence emotions gets traded / executed Which quite often than not results in loss; But emotions can trade these same mistakes again and again The irony is many traders believe that when their system will get more accurate, emotions will be taken care of. And hence the focus remains on making the system more accurate, more complex rather than simplifying Enjoy Minoo

Buck Here is my Area chart of Support and Resistance Today there were many so I will consider confluences only The first one came just after open at the confluence of Weekly & Daily R1 Pivot It turn around and passed through everything in path till it filled the gap (confluence of yesterdays close & globex-only low) Formed todays low a tick or two below and moved away with momentum, classic play with my Fib89 line (Thick Orange) Note the orange line its equivalent to 200MA, I play its confluence with other areas (refer to Steve46 thread for struggling traders) I also mark the unfilled gaps as areas of target, once filled than as S&R Normally midpoint pivots (dashed lines) are scalping targets for me Swing plays are from confluence of Areas & 200MA (Globex High / Low, Yesterdays Hi /Lo, Gap fill, etc) The white and magenta dots are Fib measured alternates, they are like the previous foot steps (in size /points) of the market, helps in getting from one area to other Hope this helps Good luck man, Minoo

Video chart right from 1929 black tuesday to present, Dow fell from nearly 400 to under 50 points Its mind bogling to know that it took over two decades! In 1954 it made back to pre-crash highs. http://uk.youtube.com/watch?v=t7Gy1yQkuwg And since how many decades has Nikkie been decaying ? Makes you wonder, How long will it take this time ? Minoo

Thankyou guys Found it, I understand he mostly communicates through his blog My question to him is at the end of this article dated 26th Oct http://traderfeed.blogspot.com/2008/10/gauging-intraday-swings-with-nyse-tick.html His reply is in todays (27Oct) article http://traderfeed.blogspot.com/2008/10/what-cumulative-adjusted-nyse-tick-line.html Good explanation and a lot of dept Many thanks to Brett & all

Sorry thats an old URL Could someone tell me where he does his current posting for daytraders (not the blog) Thanks Minoo

Brett Steenbarger is to post trade setups for DayTraders Worth keeping an eye and a good resource to learn for all traders http://traderfeed.blogspot.com/2008/02/trade-setups-for-daytrading-opening.html Enjoy Minoo

In this article tiltled 'Market Pattern Looks Normal' pertaining to option expiry weekly pattern in a bear market scenario & historically speaking Oct has done that before. Could this been misinterpretated as selling climax or was it as volatility was of historic proportion. The author quotes from memoir of Richard Wcykoff at what happened when market tops in 1906 and at the subsequent bear market low how the manipulators used volatility to keep public on the wrong side or out at near lows http://seekingalpha.com/article/101928-market-patterns-look-normal?source=article_lb_themes In this article several Sentiment indicators are Overviewed including Paul Desmond 90-90 Vs Selling Pressure http://seekingalpha.com/article/101992-sentiment-overview-selling-pressure-still-has-the-upper-hand?source=article_lb_articles Enjoy Minooo

Hi Steve I never had such an detail reply in my life from an trader There is enough material to keep me busy for a week here; and I am sure someone can make a whole thread or blog out of this The insights & explanation are given in such depth that I am totally blown away; Every time I read it I learnt something in the past I couldnot quite catch A market historic moment and we all get a chance to learn from Veteran trader (When are you going to author a Book man) Squawk I have heard it before but your interpretation has open up a third dimension to my market internals Its like the eyes have looked at it but the mind never saw it, till ofcourse now & more to come. What more can I say man .... . A new chapter in the life of a trader begins here, more humble & more fun I guess. Earning & Learning to trade is an life long business. Many thanks for making us hear and see things off the floor and pits My respect and hats off to you man Minoo

Steve http://uk.youtube.com/user/tradersaudio The above URL has interesting recording of the 24th Oct open at the pits, after the limit-down Could you please give some tips & comments on the Squawk, to some of their terminology & lingo. My market internal charts were extremely negative right from the open though the pit soon traded the Bids up I also had noticed on the tape there was massive flow of huge green contracts before the market open (ie when it was limit-down) You also commented in another thread that bid/offer spread at the open was huge I am quite new to this event & Squawk so could you please use the time axis & price action of the chart as cross reference in any explanation I look forward in learning from you Many, many thanks Regards Minoo

You can try out, Ben Squawk speak on Youtube Several recent past recordings here http://uk.youtube.com/user/tradersaudio

Limit Down Question After market limits down Could someone explain what happens to orders when the market limits down, new orders and one which were already placed. Which order type is hold where ? On brokers local server or exchange server, which order type one can cancel and which one cannot be cancelled if any At the moment market is limit-down but Why is the tape so bullish are these mostly people trying to get out of their shorts, trying to hedge or some kind of limit-down strategy being played out. I need some input to my trading plan Any suggestios, enlightenment would be well appreciated Many Thanks Minoo

Could someone advise about limit down It was pretty scary for me seeing S&P500 stuck Was not in a position at the moment but what could one do I see flow of orders on the tape for 855.25 and they are rolling in hundreds FESX (Euro Stoxx made a low 2173 and is coming upto daily pivot @2254) So will S&P open with a Gap-Down, re-open higher & What happens to all these contracts placed at 855.25 (market & limit orders ?) https://www.cme.com/trading/files/EquityIndexPriceLimitGuide.pdf Many thanks Minoo

Thanks Bootstrap, S&P 500 is limit down for Globex-only session Has this ever happen before ? https://www.cme.com/trading/files/EquityIndexPriceLimitGuide.pdf

Bear Market Phases http://globaleconomicanalysis.blogspot.com/2008/07/bear-market-phases.html Decades of Bear S&P 500 comparision with Nikkie Scared the Doogle$ out of me http://globaleconomicanalysis.blogspot.com/2008/10/s-500-crash-count-compared-to-nikkei.html What the heck is going on presently (6:00 AM EST 24 Oct) at S&P 855.25 Globex only session stuck their for over an hour ? Enjoy Minoo Hey TrderBG you are welcome

Hey SwissTrader Congratulations man, This could be the best indicator for the tape readers and like the way it looks from what I can limitedly see on the website. http://www.codefortraders.com/Tradestation/Indicators/BidAskDelta.htm Could you please make a video of it with price, time & sales window, so we can see the action in realtime, much interested in this indicator Thanks Minoo

They collected my contracts at 902 Goodnight man

Hey James Many thanks for your reply On 12 Minute chart MACD Divergence with 23th Oct Low and 22nd Oct low (Normally this is a very high potential swing long for me, but bears rules; So far have sighed away from long globex trades) On Daily chart 2B signal ? ? I am not sure whether this trade qulalifies as 2B signal on daily chart with 16Oct low Suri is a master of 2B Signals hope he comments So far it seems it has made lower-high (10Oct & 23Oct lows) and the market took off this area with momentum I was anticipating a lower low bear market signal with 10 Oct low and todays globex play or Fridays intraday So far I hedge my position from globex-high pivot to low of 906.5, my stops are now below 903 I will leave it to work out now, its 2:40 AM in UK and need to get some sleep Thanks again Minoo

I am new to MP, Could someone comment on todays (23 Oct) price distribution. Did it form a good base to form a lower-high with 10 Oct I notice it traded the Gap and virgin POC area of 10 OCt well It also gave a 2B Signal with 16 Oct daily candle So I am swing long from yesterdays-low's cross above Any comments would be well appreciated Regards Minoo

Hey BF Its worth noting that 'blue light' causes retinal damage (Google it) Bearing in mind that we traders are prolific VDU / TFT users, where in some way or form always bearing the blue (light & color) emmitions As we get older there is high risk of Age related macular degeneration (AMD) recent stats shows almost 50% of people in western & advancing countries registered as blind shows Macular Degeneration http://videos.howstuffworks.com/search.php?terms=eye&media=video I am wondering to get my screen glasses tinted. Best Luck Minoo

Here are Tick articles worth reading from Brett Steenbarger Note: Futher links at the End of the article http://traderfeed.blogspot.com/2008/02/nyse-tick-using-sentiment-to-trade.html Enjoy Minoo

Carl Swenlin of decisionpoint on bear-bottom formation and analysis Compares bear bottom type & formation with July 02 fall Could previous bear-market support zone be used here ? http://www.financialsense.com/editorials/swenlin/2008/1017.html Enjoy Minoo

Interactive chart of past bear markets, Click on the the grey lines to highlight historical bear market falls http://www.nytimes.com/interactive/2008/10/11/business/20081011_BEAR_MARKETS.html Note: 0% orientation is at top left Please feel free to discuss any common patterns of bear market trading, bottoming or politics of it. Thanks Minoo

Dont know DB honestly, I was speaking more in general terms, where extreme action of one kind is followed by some professional reaction Historic events, I dont know how wyckoff would have interpreted this bear market. One may ask, Did Wyckoff had the chance to live through such interference from uncle Sam and Eurocrats hand in the market ? I Guess not Minoo