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
-
Josh/N: DO you guys use the alerts in IRT that will tell you when the VPOC is going to shift and then when it does shift? If so, are they intermittent or do they work all the time? t
-
I was refering to my friends charts... we use very similar stuff..he also uses composites, etc... I have more stuff on my charts Multiple periodocity to get they key stuff all in one place since I have had to compensate for my loss of focus having 4 monitors , 5 charts + MP/VP..
-
Thanks for reminding me... I "forgot" to put it up on my board.. that is the kind of lack of focus that will kill you... The structure is currently still friendly to the upside but he could screw it up... Of course he is "supporting" the incumbent so I don't think he wants to screw up but the market is overdue for a real correction so this could be a catalyst for a Neutral / Long Liquidation... GRRR : ACH:helloooo:
-
I may be mistaken what he runs for internet but he had trunk lines put in..I think he spent $100K to put his trading Wall together.. + build out his trading space.. It is really an amazing site..he is very secretive about what he does... I can say I am very similar in my way of seeing the market.. Our charts are very similar..also he watches market action..just sense of smell...that is what I do..I don't wait for indicators only after I'm in the trade I "hope" the indicators confirm..then I figure others will come in behind me... (hopefully) of course when I get fooled I pay for the priledge of donating tho the floor traders retirement fund.. He comes from the floor, he was a local in S&P pit I think for 10yrs so he is comfortable with trading the size for quick hits... unlike me who was always a screen trader and grew up on positions... it is interesting how it is hard to stray from your roots... Back in 2000 - 2001 when I was daytrading NQ exclusively then I was much more aggressive trading the swings...the range during the .COM bust was amazing..also it would trend all day... All you had to do was get short... Those were the good old days. Being realistic, my focus is not as sharp as it was 12 years ago and I experience it every day..that is another reason I have slowed down my trading and sit in a position like this today..If we had ticked that numner 94.25 i would have added & I waited all morning but we shall see... Also the DVPOC is going to shift so we may get more downside rotation to my area..of course I don't want a Neutral day out of htis but ACH...
-
YOu'lll notice they didn't tick the 94.50 - they got to 94.75... 2 possibilities: 1. Buyers are a bit more aggressive or shorts playing the rotation had orders before that Sw Low... & covered.. 2. I always feel better about being long on these rotations if they would test 94.50 & tick it... then the paper would be pretty much out of there & I would "suspect" a genuine move up... Since it didn't happen then that area is still vulnerable especially over lunch if we don't get going.. If I was not long that would be the ideal spot for me to look to position . as you guys have seen me do quite often... just something I see over & over... 2 ways to look at it: How can the other guy lose $, where would it most likely happen near an extreme..where would the paper be sitting..just my "logic." but as Josh says ACH...
-
His assistant is a guy...a former floor trader also that he employs.. He trades IRT.. I think he uses IQ Feed but his investment in infrastucture was signifigent... he has redundant backup systems.. And I think a dedicated T1 or T3..whichever is fastest.. he is all about his orders getting there faster than the other guy.. I use a carrier pidgeon..
-
BTW: This is when my floor trader buddy laughs at me.. I had 2 pts in my longs which are now under water and he would have grabbed most of that 2 pts on his 20 or 50 lot whatever he put on... & then repositioned for another rotation if it set up for him... I have run numbers and it is true that as the targets go out the probabilities go down however...when I trade like him my costs are so much higher the costs kill me... He keeps telling to lease a membership so I can trade like him but my brain is too slow for that level of continouus focus.. BTW: He owns one of those fast Cigarette boats and owns several race cars -Type "A" personality... he stands at a podium when he trades... He has a warehouse where he has the largest monitors available up on the walls 54" or something... 6 of them and the fastest technology. He also has a fulltime assistant to handle his orders, etc... He is a VP guy also...
-
Nice work Josh.. I'm glad somebody is ringing the register... I'm still waiting: The market said "my check is in the mail.." BTW: Here is the rotation.. GRRR :crap:
-
I think I'm Hullucinating flags... I find the 15m bars work very well for me to easily see where the rotation extremes might be.. Also they clear the clutter out from my view of range & tic charts I use.. The 15m are very clear to see triangles/flags .. If you think about it the pennent is pretty much a triangle or coil which will build energy for a directional move...as long as the pennent doesn't get out of shape they are pretty good.. today's looks good so far evenrthough we are overlapping now in a trading range...this is when the rotations become probable, imho... got to pick those stops below - "easy money"...
-
:haha: Hey don't insulte those ES's they will come & get us all....
-
It's YOUR turn to push the green button...:rofl: Josh: Maybe you can push the green button?
-
Looking at the orofile from yesterday... 1402.50 is an obsacle then close 1404.00 & NVPOC 1405.50...If for some reason we get up there we could even test that bad high from yesterday but I am not going to hang out for all of that... BTW I have a CLVN @ 1405.50 so that might also come into play...
-
My flags measuring objective is 1401 ish which is that single...so that may be where I jettison my load... assuming I don't get dumped first.. We could still get to that 94 - 94.50 area on rotation so that is going to be my concern on this trade until we resolve it... or show some more energy going up so we can rotate to higher swing lows...
-
MP efficinados say that the prev days VAL 97.75 is resistence to this upmove and that we have to penetrate the VA to go higher... Also yesterdays open is right there so it might rotate from there... The key landmark/ initial obstacle to me is yest open, not the VA... If we get past the open then we will be on the open road up the mountain... What is logical here, IMHO is that we rotate a bit..this will test the longs... If I see the "Right Stuff" I may add.. if it fails :doh:
-
Not fair..I already donated to the FLoor Traders Retirement Fund...maybe we should start a thread: BUYERS WANTED - ES at reduced prices.... :rofl:
-
I edited my last post... :crap:
-
I'm long 96.00 area...not the best location... I was waiting to see a test of 94.00 on the rotation we got to 94.50/// SO I'm in... I'm going to scale in front of single & yest mid-point @ 1401.00 ish & then target gap fill If this thing shows any energy I ""might" add on rotations if it doesn't get too far along to the potential targets// Otherwise .. BTW: I see flags everywhere.. 15m Edit: I am not crazy about the 94.00 - 94.50 area..that is where I actually would have preferred getting long... on a stop picking run... so that, unless we breakout here is still a rotation risk, imho... so I may add there to reduce my average or just suck it up... my risk on this one is a bit out of line but I'm pretty confident in my levels - until they get broken... :helloooo:
-
I'm looking for a potential long upon rotation targeting yest close..
-
Yes..thought it wouldn't get that far down in Es... I took a short 94.25 & covered for a small nick... waiting now... :missy:
-
They film that series Doc Martin there..My wife loves it so now she wants to go there... :crap:
-
N: BTW, have you ever been to Port Issac in Cornwall?
-
Picky, picky, picky..I call him Bill...:doh:
-
Opening thoughts: With the Gap down it will be interesting if the buyers come for it.. Obviously the easy stops will be taken but it is a long way down to the next level, IMHO.. The other item is yesterdays high is not a "good" high.. No tail up there... Today I am going to try to sit on my hands until the IB is in so I can see the VP develop and then look to go with the evidence as it develops.. We have a RTH single 1401 area and a GBX single 1399 ish.. I don't see much more downside at this time after the open but as Josh says ACH... I was a bit suprised to see the GBX selloff last night..I saw a short, didn't play it...sleep you know.. I like GBX the most on Sundays... I think we might see Responsive Buying...yesterdays high need a test somewhere along the line.. I have a CLVN @ 1394.50 right at GBX low: 94.25 with only 357 contracts traded...smells like a low That's my Good trading to all of you today..
-
Bill Lind is looking into it.. I sent him a chart definition... I'll let you know what he has to say..
-
Buy My Trading Strategy - It's Brilliant!!
roztom replied to TheNegotiator's topic in Trading Products and Services
While you think being a martial artist entitles you to claim that you are a teacher, one thing you seem to be missing is humility.. ego is often an attempt to compensate for what truly lacks.. I will share just a tidbit about me - I have "taught" in Fortune 100 Companies to Senior Executive Officers, Global Money Center Banks and much more... I know what the real deal is... stop kidding yourself You are certianly entitled to your opinion.. for what it might be worth ... but I cannot waste any more of my time... on this topic since it seems to be a circle jerk.. One thing I do appreciate about your contribution, at least to me personally, is that I now have a reason to try out the ignore button.