Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
roztom
-
Content Count
1038 -
Joined
-
Last visited
Everything posted by roztom
-
I am still crocheting... "waiting" for a rotation though I was itching to buy it @ 3.50... Since I still am long from below I am not pressed to add...as menioned if we rotate I will be looking at it but since we aren't there is a potential it won't... but I always prefer to see the toilet flushed even if ony a few points... so I know that weak hands are out... just me... otherwise my stop has to be outside that area to be safe...
-
I was just seeing a long there myself but am "looking" for some rotation first..but that is a viable spot..IMHO...
-
BTW: If my posts a clutter and they do not help with my dribble then I will just keep it down... I am going to stalk a continuation set up based on my previous view on rotation BUT I will not take it if there is conflict with my other tools... Will catch up later...
-
Brain Gas: If we do rotate, assuming the upside remains viable... probable but where might we rotate to get late longs? While we might not rotate the easy stops will be at apx 1401.50 ish the bottom of the 10:30cst bar, why it is the closest Swing Low and many will place their stop there... Of course if the market is strong we might not rotate there... one of the mighty unknowns... Keeping in mind the 1400.25 number as posted before and the mid-point..
-
Good for you..I am not happy with my performance today... my "incompetent" showed up :crap: I got out of Sync with it and took 3 shorts and net minus on the three then went long and got plowed on that one... I realized the short was the right trade - :doh: so I stood back and said let's look at you downside objectives...I saw the 1395.25 as a key number so when we tested it..I said..well the short train left without me so let's take the long... If I come out plus for the day it will be a good day for me... made some bad mistakes... not trade direction but trade management... when that happens it can take a potentially good day & turn it into dung... but I am back to green and if I keep my wits about me it will turn out ok... :missy:
-
Profile shows 2 distributions with the dividing line @ 1400.25 area & current lvn is there - kind of the dividing line in the tug of war, imho...
-
Where did you get long?
-
Took my next partial sc 1402.75, decision now is to go for HOd or 1408.75..there is more paper up there... It is also possible to pull back before (?) if so and weegie board aligns I will look to rebuild a partial position..of course the trade location would be gone.. I don't know how many other traders look at it like I do.. I'm sure many do - I just haven't heard anyone discuss it from the paper angle but it is completely aligned with auction theory, IMHO..
-
/i took a 2/3 scale there because it was "high probability" now we have to see if we will rotate down - a possibility or continue up...I have no clue except I have a free trade to find out... One of the things I look for when I put my line out is either where the obstacles are or better where are the stops... since it was always "my stop" getting taken I learned to think from the other side..whhere will their stops get taken...that is where I shoot to lay off some risk and try to get reick neutral for a trade like I am now.. My next possible target 1402.75, more stops, then there is HOD & 1408.50, etc... I scale more aggressively so I will be out of bullets before the 1408 but if I see structure going up and Delta supporting it then I would take continuation trades from the long side but right now this is a "counter-trend" trade in the daytime frame... Interesting..The Daily Trend is UP, the Interday trend is down and we have to determine who will ultimately control it today... I am clueless... :helloooo: Edit: My technicals have caught up with my position so I am going to spread out m,y last 1/3 and shoot for HOD& 1408.00 no clue...my strength is "I know I don't know" with all due respect to my "conscious incompetent."
-
Yes...TX... :doh: My read of yesterday was on the money...no chart can tell you that the hint was that it looked lioke short cobvering and it was not swift..no urgency..also the LOD yesterday showed no extreme...all signs to be short... Now, of course I'm long... :crap:
-
1400.000 high of F period ahead of lvn My trade location is not the best... but...got to do what you got to do... My unconscious incompetent from this morning was right on the short as posted...my conscious incompetent went long after the 2 short attempts.... :crap: BTW, this is a stand in front of the train trade... I did have a number to watch 1395.50 just under the current LOD so I leaned on it..I just was slow to pull the trigger..:doh: I am following my "theory of rotation" to the easy paper...we'll see... of course underr these conditions I would be looking for a "go with" continuation trade but since my potential objective was hit for my short then it is time to try to catch the sword... These are NOt my favorite trade but they can also be the most profitable..Everything is commensurate with the risk... We will find out how aggressive the sellers are... or if they are done for now & we will get upward rotation towards the paper...
-
Long 1397.50... high risk... tight leash Scale target #1 1400.00 stops
-
What can I say...
-
Whirling Dervish: Went Short 2X : Bail once, reshorted ticked target 1400.50, ahead of open close 1400.00 GRR covered for small profit, long 1402.00 perplexed... :crap:
-
Btw, I am going to be loooking at the long side BUT my "Unconscious Incompetent" :crap: sensed yesterday that the buying was not urgent and there was no deceisive rejection off the lows so I "think" we just may settle into a bracket up here - clueless of course...
-
Thank.. the 1400 was N's..though when things get going it looks like a long ways off.. I bailed at the "easy" targets... 93, 95.00...While 1400 was a possibility that is a reach for me, especially I only had 2/3 of my line out... so I scale out based on 1/3 each, if only 2/3 position then I take the closest targets along the way... I was confident in the 95 area but after that ACH..
-
Interesting Question, N. Since I am not an expert and my only qualification here is that I experience what you describe, I believe for the true creative, right brain side to come through it "needs" to be free from emotions which I believe are generated from other areas of the brain.. In the thread "Unconscious vs. Conscious Competence" we explore how creative Insights or flashes of brillance can be recognized and incorporated into a trade plan while co-existing with the conscious, disciplined part of the execution of that plan. I believe in trading our primary emotions are fear and greed.. and all the rest, ie. need to be right, tying self-worth to outcomes, etc. IMHO these emanate from these basic core emotional states. There are more complex states, of course, then those I'm sure They are articulated in other threads but that was not the premise of this thread. I think the enemy in trading are the emotional states that distort behavior and actions... I try to check my emotions at the door and when they arise I try to stop the self-talk that is an outcome of that emotion.. whether positive or negative if it is extreme.. I do not always succeed but it is much less of a issue than early on. If I acknowledge a good trade location but not throw a party in my head then I'm OK. If I have a good trade location then I try to just manage the trade in a somewhat detached manner allowing myself to enjoy at least one part of the journey safely achieved, possibly like a pilot reaching cruising altitude. As far as if the subconscious, which is buried most of the time, under the conscious chatter and emotions I think, just my 2cts here, the chatter and emotional swings we encounter in trading are obstacles to insight since we are preoccupied dealing with the conscious task of managing our trade and also our self-talk, fears, etc. I believe emotions put us in the moment and if anything distort what we are seeing and thinking.. Under those conditions I believe true insight and unconscious competence is supressed. I'm confident those with emperical information can help us on this vs. opinions from mere mortals and I welcome their insights.. Great Question.
-
N: I read the premise of your thread. I think that is a very interesting question. Unfortunately other than an opinion, which is not worth any more than that, I don't know the answer. I'm going to throw my 2cts in but I hope others with real knowledge vs opinions will help with that one..
-
I agree with almost all of the previous posts... One thing to add: Simplicity, Simplicity, Simplicity. Find the minimal inputs to allow you to align with the market... It takes courage not to lean on redundent price based lagging indicators.. yet that is what most tend to do at some time in their development... Do not be fooled by the exotic software packages loaded with indicators and impressive charts... they are really a Pandora's Box...you could open it and get lost in all the noise... and waste time energy and brain cells... Price behavior, pattern recognition, volume.. also possibly basic bar charting..none of the complex patterns just the basics and you will have a foundation... Everyone wants to know how to enter a trade. That is the easiest part...risk management and exit are where the financial rubber meets the road. Find just ONE repetitive pattern/setup, test it, develop confidence in it, and prove to yourself you can execute it on a consistent basis... Have a rule based exit strategy that you have tested and execute on a consistent basis.. Do this on Sim and see where your numbers/probabilities are... Statistically valid? Go make $, and learn another setup you don't need many.. If it doesn't work in SIM? Back to the drawing board... KISS... I think we become profitable when we can find the "simple" tools that align closly with our personalities - that is where the search can take time... IMHO. "Nothing To It But To Do It"
-
That's an intersting chart... Looking at todays close we are basically right there...I haven't looked at these timeframes to draw any conclusions except they are important VPOC's within the context.. I do not target them unless they are between other targets and there is nothing else nearby.. I consider them as potential obstacles or magnets...
-
N: There was no attachment with this post...
-
Looking at today's profile as of 3:cst - depending where we close.. and what happens in GBX - a lot of "maybe" I don't think we are going North... This smelled just like short covering..not much else... Tomorrow should be fun . Got to see if we go back up into a bracket or break down... towards that 80ish..of course on it's own schedule...
-
I "suspect" that if that VPOC means anything then we should / could build on the upside of it if we can build on top of it after filling the gap to 1400.00.. (?)
-
I show that on Session 2..do you see it also?
-
Thanks for sharing that.. I think N's number to 1400ish is a good number.. BTW: 97.50 is a HVN/VPOC on a smaller composite going back to 3/13/12... just FYI.not sure if it is relevant..