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brownsfan019

Market Wizard
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Everything posted by brownsfan019

  1. I'm with you Darth - I've argued my point/ideas on this topic so many times that to dive into it again here or anywhere for that matter doesn't interest me. I think it's a very interesting topic; however, I'm not about to get into it again. I was on a board where we were discussing this and no joke - I was posting as quickly as possible and just trying to keep up with the new posts. It was crazy.
  2. Tin - I wouldn't mind seeing a thread or two in our Candlestick Corner about some of your analysis here including vsa into the mix. I don't want to intrude on this thread, but I know you've been using candlestick analysis as well, so I'd be curious to see your thoughts on using both. I'm 'seeing' your volume premise, but not getting it just yet.
  3. I can easily show you an 80% win rate going for 1 tick (on most days) and risking 50. Some days, that one tick doesn't happen though, so you might have a large loser or two. But, if we can get that 1 tick most of the time, we'll hit that 80%+ win rate. Still interested? If so, it's time to read some basic trading books. Win rate is ONE part of trading and depending on how you trade, you CAN make money even if you 'lose' more than 'win'. Today was a good example for me - I had a win rate of approx 45% (means I lost 55% of the time) and grossed over 10 ES pts today. Of course, it takes some balls of steel at times to know that you may lose more than you win in terms of percentages; however the winners are larger than the losses in terms of points (and cash) and in my mind, that's all that matters. I'll be the first to admit though that when I first started trading, I was all about finding a win % like this post here. It really isn't about that all depending on how you trade.
  4. Nicely done Tin. Those hammers can be good setups!
  5. Find me a woman that doesn't think this is precious and I will show you one cold hearted bitch to stay away from.
  6. James - if nothing else, those guys have to make you smile. Sounds like a full house, but take those guys to a park and find some females that melt when they see cute dogs. There's your play on this one.
  7. Some good ideas and suggestions here, thanks guys!
  8. verc - thanks for sharing! I'm sure James will take a look into it further if he has not already. As for me, I am content with my candles as they appear to do well, esp on the daily as evidenced in this thread in real-time. :thumbs up:
  9. What I've noticed here is that when you see heavy buyers or sellers sitting, they can act like a magnet. Price seems to gravitate towards them. Now the question is why... why does price want to gravitate there (if it in fact does on a regular basis)? Are trades being filled there or do 'they' know that 'they' can create artificial pressure? The above post I put was a great example. There appeared to be heavy sellers a few times and price has continued to rise. At first glance, it would seem that there was some possible resistance there; however, that was not the case at all... It would be interesting to see some documented research on this topic. Is there really something there to use? If so, could it be used in a discretionary approach or would this require ultra-fast timing by computers... Just some ideas, a little talking out loud here.
  10. For my dog, I guess so. I've had her for so long now that it's getting harder as she gets older to deal with it to be honest. She's had a few seizures and such recently and that will test you real quick. The first one caught me off guard.
  11. James - that is a ton of new dogs all at once! Wow! I am a dog lover myself, but that's quite a few new friends in a short period of time. I've had a cocker spaniel for 13 years now. She's getting older and it's hard to think about my trading day w/o her, but we enjoy the time while we got it. Here's a recent pic. We had family pic's taken recently decided that she needed some good pic's too! (she loves tennis balls).
  12. And the ES chart... Another nice trade here as well. I'll have to check the #'s out on this later. All I know is that a giant GREEN candle is great when you are LONG.
  13. Dog - so have you traded any of these threads you have here? Are there possible trades here that I am not seeing? I was just wondering b/c James and I are doing well with our candlesticks over here - http://www.traderslaboratory.com/forums/104/djia-candles-2275-6.html#post19708 :thumbs up: I always like to compare different strategies to see how they are performing in current market conditions. Of course, looking in hindsight is easy so I've been trying to post my thoughts in real-time over at that thread.
  14. Well, James... let's see how are trade is developing here... I'd say our long is in a comfortable profit position, thanks to our Fed. At rollover, we went long @ 13,490 on the Z7 (after the 170 pt profit on the U7) and current price is approx 13,835 (+345 pts). So now the question is HOW to manage this trade. Here's what I see: > We are at a possible resistance zone. I would sell some of the original 13,490 position here based on the WRB that closed at a resistance level. A retracement is likely this week. > If we can stay above this level, the next resistance area looks to be at 14,000 - 14,100. Hypothetically, if we dumped our entire long at the close today, we would have netted 515 pts (170 + 345) on this ONE simple, candlestick trade. And for any doubters, most of my analysis here was done in REAL TIME that could have been traded on if you wanted. I'm not suggesting you blindly trade ANYTHING I write here, but I hope you see the power of looking at a daily, drawing your s/r levels based on candle 'clusters' and then look for a reason to trade. That's it. Also, did you notice how that 50 SMA was once resistance and then became support? What a classic, simple TA trade - old support becomes new resistance and vice versa... :hmmmm: Is it really this simple? You decide. Good trading.
  15. James - from a pure candlestick analysis, you had a great chance to go long there and make your week in a matter of 30-60 seconds. I don't read the tape, so not sure what you saw there, but hopefully with time you will see the benefits of candlestick analysis. PS My 5 min ES chart provided a gorgeous, HUGE risk/reward spinning top.
  16. It's good stuff James and should help our YM/ES long that we are discussing in the other thread. We'll see how this day ends and I'll try to take a look later at the daily.
  17. One attraction to the DOM's with futures trading is trying to 'see' where the market might go based on the volumes shown on the dom. I've read posts where newbies fall into this trap. I wanted to provide an example I saw today and over time we'll see if myself or others can provide some snapshots for review. The point is simple - to show that there are plenty of games that go on with the DOM and in my opinion, placing too much (or any) weight in them can be a slippery slope.
  18. hanz - I like MultiCharts myself, but demo each out and see what you like best.
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