roztom

I think we both might be eligible for the Dung Heap Trading Cup...:crap: All together now "Hit the Red Button.. "

Short 67.25...kind of a crap location - again... instrument panel red... P&L - red... :helloooo: Edit: 64.50 is microlvn... need to get through that... otherwise might end up with a symmetrical Neutral Day..too early to call. Targeting 63.25 & 61.00 clueless of course... :missy:

I was looking things over here and I missed a key element.. yesterdays IBL is a key number 70.25 to target longs and also to lean against for a short...just something I missed.... and cost me. :doh: I am going to leaning on the short side here if we can get some rotation but this market is nasty today, imho...

I got a Bridge in Brooklyn for ya, cheap... :doh:

Dumped my long...3 in a row...done for now. Going to work on my knitting.. 3 in a row is very unusual for me but today is not unsual after yesterday... :doh:

I'm going to set up a new company: Dung Trading, LLC.

N: Can try quoting Josh post #3273.. Tx

working now, tx.. N.

Are you guys having trouble positing with quotes?

Long 68.75...target for all 72.50

I'm going to be stalking a short around 73.25

N: Mine look ok..but I still have the memory problem with IRT... BTW: Just FYI for everyone... I had a driver update for my video/displays... I downloaded it and all hell broke loose.. Monitors wouldn't stay on eventhough they were enabled... I could get them on but on a restart they wouldn't startup... kind of a problem with a multi-screen setup... Fortunately I do a weekly auto backup so I could restore to a previous week and saved the day... Dem Bums....

I am flat... enough until IB is in for me... "Chances are the way to play this "might" have been to try to get the long for the initial targets /i posted earlier up to CLVN 73.25 and then look to reverse up there..this is kind of no-mans land here. I do think the long against the 50% ret of yest range was the play.. ACH..

Agree... feel like I'm in a Cuisinart... not going to stay in short much longer.. gyroscope spinning around...

Reversed against 50% retrace of yesterdays range..might be bad location @ 66.00 ..not going to mess with this too much...

My risk on this is current LOD: 66.25 coin toss - always is... :doh: UPdate: Out.. -1.50 per... :crap:

Long 67.75.. Not crazy about it...short leash... Edit: T1 69.50, T2 72.50... no scale yet GRRR.

Wednesday Morning: Today looks initially like it will be a mixed bag... "possibly" will bang heads on both sides.. Personally I will potentially wait for the Ib to come in and then wait to see what develops..after a day like yesterday the market might need a vacation...Today? Potential Normal or Neutral??? I am going to trade 2/3 of package in anticipation of short targets and rotations...of course I am clueless but that is my initial thinking until things develop.. Good Trading everyone.. BTW: N. Agree. 73.25 - 73.50 is an interesting number for a test... Currently I have all Green across the instrument pannel - not sure if ot matters..

Yesterday was a somewhat out of sample day.. no rotation... would you hold this through lunch or get out after the morning part of the session?

Is this market based or time based?

I liked it out there... I had a CQG TQ20/20 with a satellite dish on top of a building for data...unreal... the only issue was the earthquakes...the building was 9 stories high and it would sway when there were tremors... Not exactly my cup of tea.... After trading I would walk from the Marina to the pier in Santa Monica to air my brain out.. great spot and the "scenery" was incredible...

IMHO you can trade Jelly Beans if there is enough movement in it to cover slippage, fees and justify risk... You mentioned you were down $700. - you should be down ZERO... that is what Sim is for... There is often a tendancy to believe that complexity creates profits but nothing is further from the truth... simplicity rules but that is in the eye of the beholder. Day trading is very much like being a fighter pilot... You must be in the moment..no time to think it through - no arm chair laid back experience..it is peddle to the metal when you have to move.... One thing that is very difficult is to know yourself.. you will be embarking on a journey of self-discovery. This is not like making a pilgrimage or anything but the alignment that is required psycologically can not be generalized. It is specific to each individual... You will discover how misalignment causes you to "break rules", etc... Even if you come up with a process that works you might not be able to execute it...now there's a can of worms.. Just be assured that is something we all had to face on the path.. One thing about price based indicators..there is no holy grail...no secret sauce, no special indicator or combination that unlocks the Trading ATM - it doesn't exist, imho... BTW, I do use indicators as reference points along with other tools but I execute my trades without confirmation. Confirmation is needing to be right.. there is no such thing... "confirmation" exists off to the right side of your screen... that's when you will find out.. All price based indicators are derivative and if you look at a typical software charting package they are loaded with all kinds of redundent indicators... most aren't worth #%^* So what do you do? Trying to figure this trading thing out is like wandering in the desert for 40yrs... and you cannot replicate what someone else does otherwise we would all have signed up for that program years ago. :doh: I do not want to discourage you but you do need to lay out a educational plan... If you read enough on these forum's you will see that approaches are very diverse. Why is that? One size does not fit all... you cannot mimic or replicate someone elses plan. Many of the vendors, many of whom cannot make $ trading, will offer the keys to the kingdom. Even if you were fortunate to find one that actually was successful - there are some, there is no reason to expect you could replicate their approach. If you search around you will find what the pieces are to put a plan together... the learning curve is signifigent but do-able. We all have our own preferences and I am no exception... I am going to suggest that you learn how the market works - Auction Theory. Why it rotates, why it moves and why most people lose their $. When you understand why money is lost then you will begin to learn how it is made... Good luck... be patient... ask questions... be skeptical .. there is no easy $ this is the financial Superbowl but again, it can be done. Just don't underestimate who you are trading against..not us..the Goldman Sach's, Prop Shops, HFT's.. you must find an "edge." Something that lets you execute with a positive expectancy over time... Define that, execute it consistntly and there you are...

NOW you tell me.... Why did you wait so long.... ? :crap:

Are you over by Venice Beach? When I traded out there I had an office in Santa Monica and lived in Marina Del Ray...

I personally find it a little weird that it just sank with no urgency like in slow motion...