Cory2679

Like I said, didn't take this, but it looks like I didn't miss out on much. I probably would have been stopped around BE. I have a feeling that's it for me today. I'll be monitoring the charts for a little while longer, though. -Cory

Oh well...stopped out...maybe I moved my stop prematurely. We'll see. I realize I'm basically entering on one swing degree, then moving my stops based on a smaller one...might be something I should work on... -Cory

Oh well. We eventually got that lower low I was looking for... I realize there may have been a long opportunity in there...didn't catch it though...went for a quick jog on the treadmill while I was waiting! :o (Although, I'd probably hesitate to go long just a few ticks below that breakdown point like that...) EDIT: Looks like the long would have been a good decision, though. Oh well, I'll live.

EJ has taken off... I had written off everything except the GU as dying and going sideways (the holiday was on my mind)...I guess I was wrong. I've also attached a zoomed out EJ chart...showing what could be a potential long opportunity trading off a larger degree of trend. I should mention that I'm not in this trade...I saw it too late unfortunately... ----- Update: Looks like the EJ found resistance at the last breakdown point. It has offered a second opportunity to get in. Update2: I've moved my stop. I may be being too aggresive with my stops today...

Current (little late, sorry) look at the GU... ----- Update: I know there hasn't been a lower low, but I'm playing it "safe" and moving the stop...I may regret it...who knows...

I didn't mean specifically "123s"...I just meant with Thales's trading approach as a whole. All right! -Cory

Hey guys, I was reading through the whole MK/Thales discussion just now, and had a thought. When I first became interested in trading, before I had actually ever traded or studied a chart, I went around seeking out people to talk with about it. I had the privilege of meeting in person with a guy in his office who started and runs what is now a $5+ billion CTA. Yes, billion with a "b." Our conversation was really brief...I mostly met with the guy in charge of "marketing"...the fund manager had been hit in the face with a tennis racket and was doped out on pain medication. :o I probably made a fool of myself in that office...during that time, I was in the middle of reading my very first book about trading..."Trading for Dummies"---yes, that's right. He later sent me an e-mail that I'll quote: (talking about me wanting to be a trader...) "The single thing that I recommend is to get a freaking clue about statistical learning, ie, quantitative prediction with data, data mining." I asked for some recommended readings... "I'd recommend these two books, with the first one being a much easier read:" Amazon.com: Data Mining: Practical Machine Learning Tools and Techniques, Second Edition (Morgan Kaufmann Series in Data Management Systems) (9780120884070): Ian H. Witten, Eibe Frank: Books Amazon.com: The Elements of Statistical Learning (9780387952840): T. Hastie, R. Tibshirani, J. H. Friedman: Books I went through those books back then, and it seems it's basically a mix of the fields of computer science and statistics. I'm not sure of MK's background completely, but the computer programming reminded me of this. All this to say...there's more than one route to huge success in this game. I think this approach isn't really fitting with MK, and that he seems to have some issues/disagreements with the concept and the logic behind it...which is totally fine..."different strokes for different folks." Maybe this would be something he (or anyone else) would be interested in. I dunno, just thought I'd throw that out there. -Cory

LOL Thanks for the advice...definitely something to consider! -Cory

What I want for my next car is a certified pre-owned Range Rover Sport Supercharged (in silver). No idea about the timeframe...depends on my trading. -Cory

I'm reminded of a quote from Market Wizards from Paul Tudor Jones: "Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead."

I am 1,000% satisfied with this week, plain and simple. Even so, I still feel like I could have done better this week...but I guess most people probably feel like that most weeks, regardless of the results. I hesistate to get happy/excited just yet though...I know this is just one week. Have a good weekend! -Cory

And that's a wrap...for this trade and my day. Second half got stopped for +37.5 ticks.

Thanks for the kind words. That post has certainly made my day! -Cory

Alternative view (smaller degree)... PT1 hit for 30 ticks. (PT2 is @ +80 ticks...1.62044) ---------- Update: Stop moved, made new low. Update 2: Stop moved again. Update 3: And again.

Thanks, Thales! It was this one, by the way...

Thanks, but I can see that one. I've attached an image... EDIT: It would be your version if this MK chart that I've attached... EDIT2: Guys, is no one else having a problem seeing this image? I see quite a few people have read it/thanked it...I've loaded the thread on two different computers and on both can't view the image. Check out the image I attached to this message and see if you can see an image where there's nothing but a red "x" for me. I don't want to be a burden, like I said...I can get the point without that image...but it looked like thales spent a lot of time on that post and would want to know if one of the images is not showing properly...but if it is truly just me, forget about it.

No, it's embedded but there's not a thumbnail for it. I see that MK's charts are only embedded, but your charts are embedded and thumb nails...I see four of your embedded charts, and I see four thumbnails, but it looks like there are supposed to be 5 of your charts. I've attached another image to make it clear which one is missing for me. Don't worry about it, though, especially if it's just me. I can definitely get the point of the post from the other pictures. Thanks, Cory

Thales, It may just be me but I can't view one of your images... (This is the first one of your charts, the one below MK's "second" chart.)

Well, as of this morning, the gap was still on my chart from yesterday's missing data, so I clicked "reload historical data" and the gap's gone!! I do remember the option being greyed...I didn't realize you could wait and later it would be available. Thanks so much for you help!! -Cory

That's odd...this post seemed to just wedge itself into this thread with a timestamp much earlier than when it actually posted... Great post, though.

.....deleted post.....

Last post and then I'm out... This is the weekly chart of Bank of America. My girlfriend's parents bought this (cheap---around $5) and I believe pretty much have the "buy and hold forever" mentality with it. Obviously there are infinite arguments for either side of whether the economy's really taking off or if it's just a bear market rally. SO, I thought I'd look at the chart... If I were "trading" this, I believe I would just be waiting....waiting for price to break that range. I've outlined the range by my horizontal lines, and pointed out why the levels are significant with rectangles and ellipses. Any thoughts??

Still not trading...leaving any minute...but just for fun...here's a look at the GU...

I'm done for the day. I'll be honest...I didn't have a single trade this morning!! If I would have been up early, there were some obvious great short opportunities today. It's all right, though. I'm doing pretty well this week...as long as I don't screw it up tomorrow, I'm really happy this week...I'll post my week's P/L on the P/L thread tomorrow after I finish trading. But anyways, on a random note: not that anyone necessarily cares but I thought I'd say this anyway: I don't post every trade I take onto this forum. I only post when it is convenient, and I make a point of not making a post if someone else has already made a post concerning that chart (that is relatively similar to what I would have posted). Here's a last look at the EJ...not taking this but I might if I were going to be here and it wasn't so late... NOTE: Forgive the chart, there's actually a break in the data between the low and the higher-low (it's not really that noticeable on this chart, though)...I've been having problems with Ninja today... -Cory

Well, it appears this may just be something I'l have to live with for the time being. I wasn't able to find a solution via the NinjaTrader forum: Please Help!!: NinjaTrader/Gain - Missing Data - NinjaTrader Support Forum I anticipate getting a new computer and moving sometime in 2010, so maybe that will fix the problem. It's REALLY rare that it happens, so I'm not too worried about going to the ends of the earth for a solution... -Cory