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roztom
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Everything posted by roztom
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I just did a playback of today... I am going to keep my 15m chart..that is the one I really like for the interday structure..once I go longer it messes up & conflicts with the interday rotations inside those longer bars.. The 15m as a long day timeframe is really good, imho, to use along side the VP... I also have several other timeframes... sometimes I drop down to 233t - I call this "periscope depth" - when I am approaching an actionable area.
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Agree..as you summarized I had 2 conflicting scenarios playing out in multiple timeframes - If I was actually trading 60's I would still be short and would have never taken a long... eventhough I made $ on both sides it was stepping in front of it on rotations looking for short continuation... I was absolutely trading the wrong timeframe or at very least if I trade a 60 then use a 60m stop & Risk... Of course the 60m is not a daytrading timeframe I was not thinking too much about the shorter timeframe rotations inside of it... I agree with your areas, of course but the chart is saying bearish - to where ? 84's or lower...This will be interesting to see what materializes.. and "if" , "how" it gets there.
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quote=joshdance;143436]Just don't beat yourself up Tom. If I thought about quitting every time I had a bad day, I'd have left trading a long time ago. We all have bad days, me more than any of you probably. Just work it out, don't get down on yourself, and think about how much you enjoy doing this profession; revitalize yourself and I'll see you tomorrow when you'll be heavy in the green partner! Thanks..truly appreciate the words... it's like we're each others trading therapists... :bang head:[
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Putting aside for a moment the difficulty I had today...going into the cash close we are selling off pretty well.. As you know I had a bearish view based on longer term charts, 60's, etc... I tried to put the MP/VP within the context of a longer timeframe... - but I am not trading that timeframe... Here is what is interesting..the chart was saying bearish. The Profile traded both sides in it's timeframe so I was standing against a shorter term timeframe that will rotate.. even though the 60m Chart looked bearish.. I should have just traded rotations... Sometimes this kind of stuff happens to me since I was weaned on bar charts and longer timeframes. I unconsciously will take a look at them and slip a gear. Todays result for me wasn't good but it appears the analysis was good - of course got to be able to trade the analysis - right? :helloooo:
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Took one scale, looking 1402.00 then 1404.00 ish... :crap: Just FYI, this is one of the worst days I've had in a long, long time... I am not shy to share this - you guys know me I trust by now... I was in a cuisinart...and conflicted... I have already written today off.. I have let go of the loss but I will not let go of the reasons... that will be for me to sort out tonight.. One thing I will share.. I looked at some things I usually don't & that was longer term charts 60m, etc... I created my own problem... SO I will revisit what I was seeing and determine what was conflicting and if I can see no benifit jettison the 60's... For whatever reason I did not trade today like I usually do... so I am going to review what I was up to...maybe I should just do what Josh did & go work out - my wife would throw a party... Edit: 2:53cst.. I missed my second scale so I liq B/E on the balance.. not pretty... If I made a list of what went wrong it is Trading 101: Overtraded, Created Conflict, Mixed Timeframes: DID NOt FOLLOW PLAN... Other than that it was a lovely day.. :doh:
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Ihad trouble here..I am back long but it has not been a fun day so far... up channel has held so ... that's where I am unless a failure/
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12:53cst..this is the test against the shorts1400 ish ought to be it unless the longs are back in it.. This is punt... I will add to short if the test is confirmed... clueless right now...
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Here's where MP & charts can conflict a bit... My bar charts smell bearish, especially the longer daytimeframes 60m, 30m, etc.. I typically don't pay all that much attention to them as a daytrader except when it shouts at me like it has for the short side... I am clueless of course ..
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Joined the long crowd @ 99.25... not thrilled about it..going to scale close 1400.50 and then see if we have any more juice in this .. Single 1401.75 has held this so far.. If this fails I will short 98.00 Helmet on... Edit: If we rotate against the short, and hold the test I will add for a continuation on the short side but I am in a mixed bag as you can see from my reversal.. I may just get whipped - too soon to tell..
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Here's the pullback that refreshens... :missy: I am conflicted so I am waiting for a clearer picture...
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Is that 1m chart ? JOsh
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Josh: What a nice way to do it.. Works out, has lunch, has a masseuse come in, lights some candles, burns some incence, makes $...
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1401.75 is an important number & it should get taken out or at least tested.. but I'm a bit off it here since my short term stuff is long but some of my other stuff is just seeing this as an inside test of a potentially negative structure... BTW that takes nothing away from the long side... I may actually trade it from both sides until I get evidence that we have more than 1402.00 1405.00 ish ish upside.. Since I can't get location for a long..I have to wait for a rotation if we haven't tested up top so I can ride that later or we won't make it... I'm leaning with the longs... though but on the sidelines for now..
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Good location, IMHO.. I almost picked a long up there myself but fiddled while Rome burned :doh: but I am off the shorts for now and am looking for a Neutral Day but ACH.. 97.00 ish was a spot but I wanted to get it lower to pick it up so I could have more room in the rotation up for a potential test of HOD... - just me... not necessarily good if it keeps going without me... with us heading into lunchtime I was looking for more rotation against the longs but that ship may have sailed... Dunno..
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Now that takes @#%^ to go work out..I can barely go to the bathroom..
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So that was YOU on the otherside... We see the levels very similarly we just take different actions depending on our position..if you think about it, since I saw that as resistance - if I was long I would be scaling right there a tic or 2 ahead of you... It is also possible that I should still be on the short side BUT there is no conviction at least not now from the shorts but ACH - :doh: I might add that once we go into lunch, one of my favorite times to position for a continuation trade I will evaluate the lay of the land and either join you on the long side or reposition short... I'm getting my Magic 8 Ball out of the closet... I want to see a test against the longs before stepping in... though 95.50 was a test so I would like to see 96.50 get taken out/tested and then consider a long.. :missy:
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I covered my last shorts @ 98.75 since 98.00 was my upside resistance.. so now I am flat and will wait to see what we have ... :crap: Still covered most of it 1 tic off the low..not too shabby... so now I will wait to see..considering how we are back in the middle we have 2 - sided trade & possibility of Neutral Day..but hey ACH... Hail to the Longs...
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He's full of poop...
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No worry this is what makes this thread very valuable.. I am not conflicted if we are on opposite sides - either way we need each other to make a market and one sides stops will help the other.. :rofl: All Good...
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Thanks...:crap: 98.00 was closing swing low so it was support... yest.. If short is good we are at resistance 97.00 - 98.00 ish... GRRR:helloooo:
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Good spot to step in for a long... I'm lonely on the short side
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I "suspect" Josh's low or at least yest tail might get tested have CLVN 94.50.. Going to scale a bit further down..still holding full load... :rofl: Had paramedics here after my 2 longs ... I have hiogh confidence in my locations using the 15m since once I knew I was wrong I waited for the high of the E period to get tested for the short... just how I like to do it...seems to work with high probability... That was the location IMHO where it was a make or break for the short side with a small risk to Open or HOD... If this short scenario holds I will add on rotations to rebuid my position..of course I'm clueless... :crap: Scaled 94.75 @ CLVN 94.50 .. Still holding balance.. :missy:
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Busy morning... Got run over on long side... 2X :helloooo: Short 99.25 right now.... GRRR Not to tout ANY position since I'm clueless this rejection off the bad high (not incl GBX) looks like a big 1-2-3 projects roughly 81.00 ish which is in line with the 84.25 low.. I'm not suggesting that for today just FYI... (a hold over from classical charting) . BTW: The Opening Range has held the Upside rotation but it looks like a stalemeate so far...
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Agree, leaning that way myself..
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:haha: Of COOOUUURRRSSEEE it's over... Wish they'd zip it so we could have a clear trade..