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TheNegotiator

Market Wizard
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Everything posted by TheNegotiator

  1. TheNegotiator
    Okay so from 19th Nov 2012 a few things are changing in the e-minis. The official end of the trading day and start of the new to the day will be 5:15pm & 6:00pm ET as opposed to current 4:15pm & 4:30pm ET. It may have some sort of bearing on options by the looks of things. Interestingly, the lower price limits will 5% going forward and the S&P will be the basis of the market wide circuit breaker rather than the Dow. This means +/- 5% from P ("The equity index futures RTH reference price (“P”) used as the mid‐point to establish daily equity index futures price limits will be based on a Volume Weighted Average Price (“VWAP”) determined between 2:59:30 p.m. and 3:00 p.m. rather than on the 3:15 p.m. futures settlement price.") is the first level. This equates to 72.5 pts in the ES if P = 1450. Anyway, not sure if it will make a big difference to intraday trading although I'll look at it properly later on. The limits would make a difference on a big day and we might need to adjust session times. http://www.cmegroup.com/education/files/faq-eq-hours-and-limits.pdf
  2. TheNegotiator
    The pits are slowly dying and unless they adapt and provide a unique service they will eventually completely disappear. I'm not saying I think they will or they won't. But what they do is remind us of the human element to trading and to not get hypnotic tunnel vision as the numbers flash by. Yes there are lots of algos, but also there are lots of humans too who are trying to figure out their next moves and ambush the market. Be wise to this and you'll likely be much better off in the markets. Incidentally, I've never been to a trading pit before and must do so at some point. Would love to go to the cme one day
  3. TheNegotiator
    Unless there's some sort of benefit for trading fx through company based in Panama, I would suggest that it might be better going for someone a little more mainstream.
  4. TheNegotiator
    TF = Russell 2000 futures It's one of the minis but it trades on ice now. https://www.theice.com/productguide/ProductSpec.shtml?specId=86
  5. TheNegotiator
    Absolutely. When it happens to me I know that I have to be especially disciplined and get out if it isn't working.
  6. TheNegotiator
    pretty good out by the looks of things - low volume at 43.75 was also the overnight high.
  7. TheNegotiator
    Not sure I totally agree. Impulsiveness is by it's nature "taking action without pausing to think things through". It tends to occur not when you're in the flow of the market and trading intuitively, but when something just catches your eye. If you are in that kind of mood then even if you get lucky on your entry, you'll probably mess up your exit too.
  8. TheNegotiator
    Overnight action so far :-
  9. TheNegotiator
    ADP out at 162k vs 140k exp.
  10. TheNegotiator
    Traders often struggle with being able to formulate and stick to a plan for a variety of reasons.
  11. TheNegotiator
    Objectivity is so important. Important for your current trade and important for your subsequent trades. Losing your objectivity during the day can occur for various reasons. You may get tired/hungry, get tunnel vision and fail to keep your discipline when a trade goes against you, the market does something unexpected, the market moves in an unusual way. Some people can remain cool and collected at all times but don't seem to be able to. Are these guys some kind of trading gods? Are they just naturally suited to trading? Have they found out something that others don't know about? The holy grail perhaps? Nope. They have a plan which covers all aspects of trading. I know to some I might sound like a broken record, but it can make a huge difference. Knowing what to do and knowing it is a good course of action in general can make all the difference as to whether or not you actually do it. Plus of course there's one BIG thing to trading a plan other than remaining calm and objective - you very quickly see where you're going wrong and can adapt the plan to work better. Anyway, just a little reminder Happy trading!
  12. TheNegotiator
    Getting locked into an impulsive trade is certainly not a great idea!
  13. TheNegotiator
    Thanks! Nice of you to say so. The market is a great humbler. Well, it's more like "be humble or be destroyed".
  14. TheNegotiator
    Welcome to TL Rob! Lots and lots and lots to learn on techs here at TL. Word of advice though. Find a method you feel comfortable with then work on yourself
  15. TheNegotiator
    Yeah, I'd thought about that and it seems like the best way right now. Was hoping to have the option maybe within the same indicator but I guess it's not a problem. Thanks Chad!
  16. TheNegotiator
    Now I don't know if this is or isn't currently possible but what I would like to achieve is when charting a full 24hr session but profiling the sessions separately to display the alternate profiles in different colours. So basically, I'd like the RTH and overnight profiles to be distinguished by choosing different colours for each. Can this be done Chad, anyone? Thanks.
  17. TheNegotiator
    Right at the low volume price from yesterday - 1444.50. The right hand profile is the overnight.
  18. TheNegotiator
    Is anyone surprised where the overnight vpoc is right now?
  19. TheNegotiator
    Found this one:- THE LAST DAYS OF LEHMAN BROTHERS – THE MOVIE
  20. TheNegotiator
    Anyone remember what happened last time around with the polls? Either way I think Romney has put his foot in it just a few too many times to win. Does anyone really believe this guy is a statesman?
  21. TheNegotiator
    Rejection of attempt on upper development within the 'balance' profile yesterday has me looking at the zone which yesterday low volume centred around 1444.50 yesterday as a potentially pivotal area today (or going forward):-
  22. TheNegotiator
    Hi Rachael. Welcome to TL! It's good to see you've committed to your trading now as I'm sure you are now well aware, the market finds out very quickly those who are not. Sounds like you have a great skill set to advance your trading and I look forward to your contributions to the forums!
  23. TheNegotiator
    I guess that could be part personality and part understanding. Lots of people come into trading thinking they can make barrow loads of cash every day from nearly day 1. :doh:
  24. TheNegotiator
    What's the most important is that people start to act responsibly rather than with just profits in mind. I don't know if that can or will change...
  25. TheNegotiator
    For anyone using IRT and market profile principles, there a great new chart Chad has created for defining day types (and therefore easy to stat in excel). Only thing is double dists not accounted for just yet. Take a look at the chart:- New IRT 10.6.9 Features
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