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clmacdougall

Market Wizard
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Everything posted by clmacdougall

  1. clmacdougall
    What's your stop on that one?
  2. clmacdougall
    Are you out of your short position due to the late in the day upmove?
  3. clmacdougall
    Do you have any profit/stop targets you are presently holding?
  4. clmacdougall
    Are you still in this cotton position? It got a little bumpy yesterday for sure.
  5. clmacdougall
    I read Mandelbrots " The Misbehavior of Markets" and enjoyed it, but I did not necessarily agree with or understand it fully. Could you take a moment to visually show me what Mandelbrots fractal theory would inspire in a trade setup. I would love to see how you would produce that on a chart. Regards
  6. clmacdougall
    I agree with wrbtrader. If you are going to swing trade you've got to modify your understanding of price movement. Your philosophy to swing trade might be correct, but are you sure you have enough study time to truly trade market context? There's no harm in staying out of the market until you're ready!!
  7. clmacdougall
    I lost money with PFG. I want back more than I lost. The lawsuit should be against the NFA not against PFG. They empowered this type of thievery by allowing us to trade through and trust in brokers who had been cleared by them. All assets in the future should be held by a single entity bearable for full loss and backed by the government to a set amount somewhat like your bank account. This is empowered thievery! What an awesome gig. Get old, continue to siphon off millions, turn the money into metal currency (gold, silver, platinum etc....) or hide it offshore or physically hide it and watch your family live like kings while you spend your few remaining days in jail after getting caught. What a beautiful racket, this should inspire many more corrupt brokers to do just the same. By the time they are caught everything will be in place to support their families secretly for generations to come!!
  8. clmacdougall
    Would I be correct in stating that you waited for a break above the VWAP on bullish volume and then for a retracement back into a previous support zone as your signal to buy? Then used your -1 standard deviation band as your stop and your +1 standard deviation band as your target?
  9. clmacdougall
    I suppose you're right. But if you do post support or resistance levels as seen through the lens of your particular contextual understanding of the market we will gain a deeper insight into the importance of MP as you see it. No trade calls, simply support and resistance in the now. Pretty please!!!;)
  10. clmacdougall
    My hands have been slapped yet again by the great N!!! (rhymes):rofl: I see no harm in letting us know where you think rejection or acceptance of price via your context might be!
  11. clmacdougall
    I wonder if you could simplify your commentary by noting where you would short and where you would go long in the "now". Thanks
  12. clmacdougall
    Please read my post #1709 "N, on the first post of this thread you requested people explain the thinking behind their trades as much as possible, without that it's hard to retain an interest in this thread. Could you make up a thread form with #1entry; #2 target / targets / scale outs; #3 stop and #4 reason for entry. Simple but an interesting reason to follow this thread" I already put in my request, I don't think he's interested in taking the thread in that direction. All the best!
  13. clmacdougall
    I've got to ask if the structure you speak of is in the traditional sense of P&F patterns or something quite personal you've discovered. Thanks, Cory
  14. clmacdougall
    This most certainly is a non traditional way to approach P&F. Are you using time as a means to gauge momentum? Are you gauging time on each separate vertical wave or somehow on the horizontal. I would be thankful for any help you could offer Raymund. P.S. I'm glad you got the book and are enjoying it!! Any new insights as a result of reading it? All the best, Cory
  15. clmacdougall
    Sorry to hear you're not feeling good.:haha:
  16. clmacdougall
    Great job Josh, treat yourself and someone you love to dinner!!
  17. clmacdougall
    You should be good till 56.50 Josh
  18. clmacdougall
    Couldn't agree with you more on the subjectivity of trend lines!!
  19. clmacdougall
    IMHO that degree wouldn't take you very far:haha::haha: But an open mind can pick up a couple of great concepts from Steidlmayers work. MP is much too static of a way to view the markets to be of any use in my opinion. But there is almost no other price based theoretical teaching out there that has been published which is more forward thinking than MP when it comes to defining market structure. At least it can get you thinking in the right direction!!
  20. clmacdougall
    I've read every MP book available, here's a list of them. 1. Steidlmayer on Markets 2. Steidlmayer on Markets 2nd Edition 3. Markets and Market Logic 4. 141 West Jackson 5. Markets 101 6. Mind Over Markets 7. Value Based Power Trading 8. CBOT Market Profile Study Guide 9. Markets in Profile 10. Practical Trading Applications of Market Profile Kepplers book is excellent so far. More concise than Mind Over Markets. This one stands out in its clarity of presentation. It will stay with me, not because I define market structure by the statistical bell curve, but because I have gleaned ideas and concepts from Market Profile that I now call my own. I am one third through the book and am totally impressed with its layout and format.
  21. clmacdougall
    gosu, Could you post a chart for us of your trade today, would love to see Hershey stuff in action!!
  22. clmacdougall
    Sorry to be a little off topic but am reading "Profit With The Market Profile" by John Keppler and am wondering if any of you have read it and what you think of it. Even though I don't personally draw context from MP, some of its ideas have helped me to see the market in a new way. Seems better than "Mind Over Markets" for understanding MP. Any opinions?
  23. clmacdougall
    I certainly accept the fact that you would never trade if you embraced the idea that markets were simply random. But its still true that the outcome of each trade you place may not fare well or end where you expected it to. How you define the "why?" of a failed trade may only lead you to a complexity that might be unnecessary, as you might be attempting to explain failure instead of embracing the probability of it. If my entrance was based upon the simplest of logic, math that would be understood by a 5 year old, the only variable that matters would be that it was true. After that wouldn't I just retrade that truth? (is there such a word as retrade?):rofl::rofl:
  24. clmacdougall
    I wonder if we spent less time on statistics and complexity and more on truly defining the most simple "market truth", if maybe then we would succeed more often than not. If we truly believe in the ability for randomness or the entrance of an OTF trader to spoil our contextually unique setup, then we should constantly trade the simplest of setups. They offer the least amount of mental drawdown with an equal amount of probability for success. Perhaps success in trading is more about embracing simplicity that must simply be "true" and the acceptance of being overwhelmed by the unpredictable from time to time. If the unpredictable is going to happen no matter how much thought and preparation we put into a trade than why waste time on complexity?
  25. clmacdougall
    Hi Tom, A great post. "A protected expectancy". You've put a wonderful shield around yourself mentally by having nothing more than a placid desired outcome. Attaching no ego or self to a trade even though you've invested plenty of time into understanding why you've entered. I disagree with only one part of your post, "This may be semantic and it does not deserve any more discussion IMHO.", in truth it deserves a whole lot more discussion!! Thanks Tom.
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