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Soultrader
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Everything posted by Soultrader
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Introduce Yourself Here - Don't Be Shy!!
Soultrader replied to trading4life's topic in Beginners Forum
Welcome aboard tttrader! Looking forward to your inputs. -
Traders Lab taking WAY too long to open sometimes---WHY?
Soultrader replied to Tasuki's topic in General Discussion
Hi Tasuki, Please refer to this thread: http://www.traderslaboratory.com/forums/f17/site-down-recently-2902.html#post25506 Thanks -
Sorry for the late reply. I didnt realize this thread till now. The problem lately has been a massive spam attack on my email account which is placed on the same server as the website. I had the hosting crew spend the entire week fixing this problem and things should run smoother now. What happened was that my email account became over 10 gigs full of spam which crashed the database. I dont think this should happen anymore. Also please note that once a day for approx 10-20 minutes I run an automatic backup on the database. This will cause the site to slow down slightly during this time. Sorry about the errors... I am no IT guy so have a hard time fixing things.
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Not sure about esignal as I dont use it but you can use our pivot point calculator instead: http://www.traderslaboratory.com/forums/calc.html
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I no longer use hard stops but only mental now but what I used to do was to take my stop off once and then place it in again as price is approaching it. This way I am last in que. I started doing this from one occasion when I became the only 10,000 shares that was traded at the high of day. (I was short) I took a picture of the time of sale and volume at price to keep it as funny experience.
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Congrats Nick! Must feel good to get that sucker out of the way. Thinking of traveling before you go back to the real world?
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Introduce Yourself Here - Don't Be Shy!!
Soultrader replied to trading4life's topic in Beginners Forum
Greetings Ronin and welcome aboard. Thank you for the warm comments and I look forward to reading your posts! -
Temporary problem with attachments
Soultrader replied to Soultrader's topic in Announcements and Support
Interesting, I have never seen that before. If you spot it out, do you think you can send me the link for it? It may be on specific forums due to a conflict with a particular customization in the system. -
Temporary problem with attachments
Soultrader replied to Soultrader's topic in Announcements and Support
Problem is now fixed. Thanks -
I had a coder do some fixing yesterday but noticed a problem with the attachment feature in the reply box today. Attachments and thread tools scroll down is currently not working and looking to get this fixed asap. For any charts please use our File upload system for now. Sorry for the inconvenience but I should have this fixed by today. Thanks
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Sounds like you know your way around Japan Definitely enjoy the trip to Japan. Btw, are you visiting this week?
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Hi aiki, Ive been born and raised in Tokyo but have never traveled elsewhere in Japan. The station you will be staying is close to downton. You may want to stop by Shinjuku station as it has a variety of entertainment ranging from department stores, duty free, night scenes, bars, restaurants, amusement park, theaters, etc... But the area is huge so you may need to check to see where you want to go first. Roppongi is another populated night strip and there is a traditional Japanese restaurant called Donpachi at Nishi Azabu. For about $50 a person you will have a pretty entertaining dinner. (night bars in the area too) If you have some extra time, you may want to take the Shinkansen (express train) and travel to a few places right outside Tokyo. (1-2 hr trips) Unfortunately I dont recall the names of these places (hot springs, etc...) as I have never really left the city. If you go to Fukuoka, make sure to try the Motsu nabe (pronounced Mo-tsu Na be). Its famous hot pot food in Fukoaka. I wont reveal whats in it so it will be a surprise when you see it
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Thank you for the reply Pivotprofiler, Yes, I have made the ultimate mistake of ignoring the value area rule on that particular setup. The Nikkei has alot of false breakouts from the initial balance so I tend to like fading the breakouts up/down. However, alot of internals were showing weakness in the background. Do you have a rule of thumb where when a market makes a new low, you prefer to wait for a potential test in the next x bars? Like sometimes a test will come on the second bar after the new low or 3-5 bars afterwards by making a new low by 1-3 ticks before reversing. Although most traders do not want to catch tops or bottoms, a good entry is absolutely key with the Nikkei due to the large tick size. Do VSA traders here wait until price breaks the high of the test bar?
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Hi Trv, Were you able to view the swf file? If not, try download a simple program called Irfanview which will allow you to view pics as well as .swf file.
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Hi traders, I just received some rumor news from HSBC that a clearance firm in the UK is borrowing a ton of money. Apparently the clearance firm has gone bankcrupt due to a customer account. The Nikkei indexes tanked 100yen+ due to this rumor at the moment during evening session trading. US traders, make sure to watch the banks closely today as I am not sure what kind of reaction this may cause but will definitely have some kind of impact.
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Thank you very much for the input Ravin. It was very insightful. I also made the mistake of trying to long once price was pushed back into value. 15520 (yellow line) was the previous day value high. Hence, a push back into value should of sent warning signals for me. Thanks again.
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Below is a snapshot of a losing trade I had today. I had shorted at the upthrust at 15540 just to cover at 15480 and reverse by going long. I ended up liquidating instantly at 15440. From a volume perspective, the chart appeared as if selling has disappeared. However, selling pressure arrived instantly as if the bulls had thrown in the towel and price declined swiftly. Any take on VSA would be appreciated. The long trade is indicated by the up arrow on the chart.
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Interesting article on CNN: http://www.cnn.com/2007/POLITICS/11/13/hidden.war.costs/index.html Couple of questions I have. How will this impact the markets in 1 year, 3 years, 5 years, etc...? Do you think the markets have already incorporated this news? Any thoughts on the short term and long term future of the markets?
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Thanks Tin and Wookey, Should squat bars be taken as a reversal bar? Pivot mentioned squat supply bar will cause the market to go sideways. Why is this the case?
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Hi Pivot, Can you explain what a squat is? Was there an explanation somewhere in Master the Markets?
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Here is a chart from todays trading day. First trade was taken at 15110 around 9:03am. Premarket SGX rallied into the previous day value. As Osaka opened, price opened within the previous day value to rally about 90 yen (roughly $900 a contract). Price then retraced back to the value low pivot. I took a long as price was falling because internals showed strenght and market analysis was telling me that prie would rotate back into value. Price dropped 50 yen ($500 a contract) as soon as I went long. My usual stop is 40yen but I did not notice any heavy selling. The bid was thin and I figured it was a price slip due to fast price action and buyers were slow to step on the bid. Price then came back to my entry point and I was conviced price would lift. This all happened in about 30-45 seconds. My exit was at 15200 as 00 levels are usually met with strong selling/buying. Took 90yen off this trade. Trade #2 was a short at 15180 as price met resistance at 15200. I exited right away at 15190 for a 10yen loss. Usually sellers will step in to dump 300+ lots at the 00 levels. However, only 1 big lot trader sold and the currencies (yen) started to rally. I exited immediately for a loss. Trade #3 was a long at 15100 as price was declining. I felt good about this trade at VAL but as soon as price lifted to 15130, 400+ lot seller came right back. I exited asap at market for +20yen. I got lucky on this one. Trade #4 was at the blue arrow. Price reversed and came back to the opening low. I waited for the decline to finish by reading volume. The upbar on high volume after the decline was my signal and I entered a long at 15010. However, sellers showed up at 15060 which to be honest scared the crap out of me and I booked at 15040 for +30yen. I exited extremely early but the tape at that moment looked pretty bad to the long side. Only when 400-500 lot traders started buying again did price lift. Trade #5 was at the doji and hanging man candlesticks at the attempt to test the high of day. My short entry was at 15190. Price rallied 40yen upwards and then bam! Two 350+ lots got dumped sending prices lower. The decline from 15230 to 15150 took seconds as 300+ got sold at the bid. The bid/ask became extremely thin hinting warning signs as panic situations tend to cause price to jump everywhere. I sent a limit order at 15150 immediately for +40yen. Of course, my usual thing seems to be taking profits too soon. But with the Nikkei, I aim for 60yen (6 ticks) a day. Todays trading took 180yen (18ticks), 3 times my usual daily goal. Overall it was a crazy day but patience paid off. Chart shows explanations on volume and candle analysis. I also watch the yen as it affects exporters heavily which can impact the Nikkei index. I also use a few custom internal tools that measure net change relative to the opening price instead of the previous day close. Also a few custom TRIN, PC Ratio, TICK indicators. Note: This is not typical Nikkei action. Rarely will you see such huge intraday swings so aiming for +60yen trades everytime will kill you. There were days when the ATR was 60yen. Lately it is 180yen.
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I dont think it can be retrieved unless I run a previous backup database which will probably delete the past 2 days of posting and registration. I am going to temporary allow post editing so users can try to manually restore attachments with their posts. Very sorry for this.
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Hi walter, I ran a maintenance to fix threads but I am unable to retrieve the attachments. The attachments are all stored inside our server but they are all piled into one folder. There is no way for me to identify the filenames associated with this thread. Do you know a rough estimate on the number of attachments the thread has in total? The solution I can think off for now is to restore them manually only if you have saved the attached files. I will ask my coder to look into this shortly. So please give me till today to see if I can sort this out. Thanks
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From a technical perspective, if I think my analysis in terms of short term direction stands correct I will first see where is the absolute stop level that will tell me I am wrong. If the risk is within my risk tolerance level, I will add to my position and scale out a portion at my first entry point. This allows a break even trade to become a gainer. Obviously if I am stopped twice, it will hurt. But I have turned potentially losing trades into winners alot more often than the times both positions go against me. The principle for me is timing. If my timing was off but I sense my initial market direction is right, I will add. If the position goes against me and I sense a shift in market sentiment, I will take the loss and move on. I tend to use extremely tight stops so a little heat is something I can take.
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Definitely a book is on my to do list I am so amused that I am in the dummies series. I have aa few versions for excel and vba. lol lol thats not very nice!