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tomerok
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Everything posted by tomerok
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I was referring to my post in which i completely misunderstood your question.:doh: of course i can't tell the trend on monday i would have opened up past week, month , year or whatever i needed in order to to see what going on. for me looking at this chart as is without referring to the left is belongs to the CWS thread or "sharpen your entries" thread.. i have not yet mastered the surfing ability. i tried to answer with that in mind and a little peaking to the left.. assuming always in position.. note the black point which represent indecision points for me. since this is a 30M i would have liquidated and gone long, BUT let's assume this is a 1M, now there's no reason to rev since we are at the overall right direction. (small red lines marking the tops) the second black dot would be short if i was long. Tomer.
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I was referring to my post in which i completely misunderstood your question.:doh: of course i can't tell the trend on monday i would have opened up past week, month , year or whatever i needed in order to to see what going on. for me looking at this chart as is without referring to the left is belongs to the CWS thread or "sharpen your entries" thread.. i have not yet mastered the surfing ability. i tried to answer with that in mind and a little peaking to the left.. assuming always in position.. note the black point which represent indecision points for me. since this is a 30M i would have liquidated and gone long, BUT let's assume this is a 1M, now there's no reason to rev since we are at the overall right direction. (small red lines marking the tops) the second black dot would be short if i was long. Tomer.
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typo on my part, meant weekly trend, re-edited that. Tomer.
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i see three options. immediate weekly trend TL is broken (yellow) no new lows, in fact HL and HH after the break hinge at 04/19/2013 1. i'll wait for price to BO above 2780, pullback and then enter long, looking closely for any signs of R from the LSH (red arrow) 2. i'll wait for price to re-test 2760 area, if holds i'll go long 3. i'll wait for price to re-test 2760 area, if breaks i'll go short P.S. zooming out to the 60M, 360M, reveals that the down TL is still intact taking that into account i would avoid any directional bias. Tomer.
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gozilla follow the link Db posted, you'll see in the post an attached file (pdf) download it and search inside the pdf. Tomer.
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I'm sure it's not that smart But it is obvious to me that price BO to the down side without much volume, which lead me to believe buyers are not there. not much effort and price drops... might imply a change in trend.. Tomer.
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Since LH can only be determined at hindsight or at least after price has moved further way from the LH point (for my taste...), i use in RT a shorter time frame to pinpoint the entry point. Take a look at the 360 chart, circled is the entry point, one can argue waves are not clear enough and no clear LH is visible. i use the 120tick for entry and if required even down to the 20tick. regarding ticks from LSH, as a baseline for my entry definition i will not take entries that. their LH reached back into the TL zone, for me this is a sign for indecision or at least that buyers has not given up yet. the actual number of ticks is depended on the context(time frame) and slope of trend reversed. i can understand your logic for confirmation on the reversal, I did not mention i put a lot of weight on the pullback that break the TL in terms of speed,length and determination visible, Tomer
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I'm with tupapa, I enter right as lh is established, if i'm wrong and it's not a rev i'll know it straight away, with your entry technique Niko, you might find yourself at the end of the reversed move in no time. Tomer
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is it just me?, none of the images at this thread are visible Tomer.
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Actually i see 3 things on your charts...... price...... I think the biggest problem was and always be most people prefer shortcuts could be culture, could be upbringing, could be they are just plain lazy some of them even go through so much trouble and effort in order to take the shortest road and never stop to think that if they would have put the same effort in just walking the path, they would have already been there or at least did not waste some much time in chasing something that does not exist. Tomer.
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Sharp eyes will notice i have been converted to time based charts I did not notice any significant edge with tick for my kind of trading another change i have made is zooming out to 5M chart's and timing the entry on 1M which result with a calmer experience of the trading session if anyone interested i use 60 and 15 to determine levels and and come up with an action plan for the day during the session i watch the 5m (mainly) and 1m for entry keeping the 15m open as a reminder for my general daily plan. Tomer.
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Who knows.... and who cares... one of the biggest lessons i learned in past months is i do not know where is price heading. i can only craft a plan to attack any direction price will decide to take. I'm assuming this post intention was igniting participant's response and ideas, but without any clear view to the left any answer is valid. Tomer
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today's plan embedded on chart pretty simple range plan Tomer
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today's plan embedded on chart Tomer
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Hi all opened up a new chat room Your Own Chat - Free & Easy! • » stinto.net « Tomer.
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I would also keep an eye for a hinge play Taking into account the S&R mentioned. Tomer.
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Yes, I started backtesting a month ago but stopped after 6 month of data. I started a year back, plotted S & R just as i would have done in RT, long to short term.... S&R, so if i had to go even backwards i did that, then i looked for my defined setups near those S&R, updated the S&R if needed and moved forward. I chose to test my setups in 2 steps, the traditional backtest as i described above and documented the results on spreadsheet. the 2nd stage will be replaying 2 random days each week, and taking trades "RT" on the same data (1 year back), this way i can confirm (or not) the stats.. i'm also trading the setups in RT and keeping record of the stats..... for further comparison I once read somewhere that you should take into account 30% margin of error between backtested results and forward tested results, i dunno if it's correct, but i hope the path i chose will give me a better view or understanding on the actual expectancy of my trading plan. as i said in another post, i found my stats of the backtest too good to be true and decided to stop that process and refine my setups, another thing i realized is that i should minimize the number of setups and test only 3, if i choose to add to my arsenal another one later on than i would do the whole process again for each setup i add. it's a tedious task but necessary. Happy Holidays.. Tomer
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Here's my journal for today luckily i realized early it's not a very "nice" day and hold my horses. WHITE are RT notes, YELLOW are my post analysis notes Tomer
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Price is back in long range down trend channel, almost near it's long range SL Since we had so much selling pressure in the long term I'm not sure if we should anticipate price testing DL back again Past days TL holds nicely Overall game plan is buy up to DL area, and be on the lookout for R if price continue rising If price show weakness , wait for TL break and LL to verify short direction Areas of interest 2625 2618 2608 2597 2584-80 Tomer
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Here's my journal for today was a short session for me WHITE are RT notes, YELLOW are my post analysis notes Tomer
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On Friday price tested long range lows and failed Price have cleared 2 days TR and is back in long range DL zone again Currently price at hinge MP from 14/11 and testing medium range SL Areas of interest 2607 2597 2584 2572 2555 2539 2534 2526 2513 Tomer
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Hi Niko I did not back tested them yet, i'm playing with them to refine the entry points your comment is exactly what i have realized in the past days/weeks i started back testing a few setups a month ago and the stats were way too good to be true, (comparing to the RT trades taken.) don't be confused by the trades taken, they are sim and taken only because i feel i learn more if i execute my thought in RT. Tomer.
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Here's my journal for today WHITE are RT notes, YELLOW are my post analysis notes Tomer.
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Long Range view has not changed much in the past days, still pressure to the down side But I can notice smaller down thrusts in the past waves Price also stopped few point from major S from the past Areas of interest 2550 2540 2534 2526 2513 2510 Tomer
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Here's my journal for today WHITE are RT notes, YELLOW are my post analysis notes when i decided to call it a day price was at 2522 showing no signs of sellers eventually it descended a little bit more Tomer
