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bakrob99
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Everything posted by bakrob99
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When you talk to non traders they can't relate to the possibility of making a living without the guaranteed paycheck at the end of the week. And if you come across as 'I'm going to give up this 9-5 job and gain my freedom and wealth' ... well, they have no way to accept that without having to admit their own condition is not what they want. Having said that, option strategies can be the most complicated subject requiring some sort of math degree just to figure out. You're better off keeping your trading to yourself and other traders. Don't rub in your success onto those who would not have it. Good luck with your trading and welcome to this forum.
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Tradestation 9.2 .
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Sorry, but I don't see any blue boxes? I think I am missing something.
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1. There is no such thing as an unfilled market order (except in the 20-30 ms it takes to complete) 2. I am interested to see when traders are so committed to get in to a move that they execute using a market order. 3. You can see this information by looking at each transaction and determining whether it was filled on the bid or ask 4. Once you see that, and then see the next price, and the next price after that with the same aggressive behaviour - you can then be confident that, say 70-80% of the time - the market will move in the direction you noted. Here is an example from yesterday. The first zone on this chart that presents an opportunity for me is shown in the green shaded area at 9:20. Any retrace back to this zone is a long entry for me, given that other factors that I consider support that decision. The next zone that present an opportunity for me is shown on the 9:40 sell off bar which has created a "sell" zone that I track and any retrace back to that zone creates an opportunity to execute a trade, given it is supported by the other decision factors that may be considered. In this case I did take the short trade at 1413.75 which was paid nicely.
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You should have still been in your first NQ trade. Common for me too to get out early and reenter only to give the short profit back with out any benefit for the effort.. when just staying in the First Attempt Would have produced CA decent profit. I hate doing That And isn't it nice to have me around to remind you of that;)
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1416.75 was a pretty obvious place for the market to test. It has been on my chart for a while now, as I said in this prior post.
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It want necessary to get in at the 16s to make money. I shorted 13.75 then later 13.50 and both paid nicely
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My reference was to detecting market orders.
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This is actually the key component to one of my entry setups. Traders use Market orders when they want to be certain of being filled. You can see evidence of this aggressive buying or selling clearly by following the bid or ask. These traders either need to exit a losing position (stops use market orders for exiting) or they want to be in on an anticipated move. Many larger traders use market orders for entry and limit for exits because they want to be certain to be filled. The other larger players will use limits as price is moving against them in anticipation of the market turning around shortly in their favour. They do this to avoid the slippage mentioned above.
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If it hits your stop and then starts back down, what price will you exit at? How many times will you try to get into the long before leaving it alone?
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Seriously? Oh man, if I could go back to the beginning of this journey with the knowledge I have now, it would be soooo much easier. Dude, with respect, if you are asking this question, then you should trade the smallest lowest risk symbol . And put a limit on how much you are willing to lose before you find your method. Trade 1 mini lot if you insist on trading currencies. And get used to being up at weird hours.
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They were just waiting for a gap fill ... and once the ES filled the NQ took off. I was walking the dog at the time trying to avoid taking a trade in advance of the FOMC ... But I could see a substantial rally out of this hole. ES 1416.75 would be reasonable target. You have to think that large money players would be staying out before the FOMC ... but on the other hand, if they think it's all old news, why not get in a better prices now?
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Waking up beside that would be a little scary.
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FOMC chop.... even though what is going to be in the report that we don't already know. Lemme guess. no change
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I "think" we're due for a bounce. But I try not to think too much when trading. Just execute. Think later.
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Not so fast about the Greeks Germany Officially Rejects Latest Greek Lie | ZeroHedge
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Nice. Good for you . I appreciate you discussing your overnight trades as I do not have that as part of my plan.
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Your stop is BE on the whole position then? Will you trail it as a profit stop if the market continues down ? Or will you exit at some predetermined target?
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CAT beat earnings but there was a top line miss ... and the top line is concerning as it suggests lower economic strength.
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I have the TR you talk about on my chart, but a little tighter at 2673 - 2665.50 I also have a more significant (longer time spent in it) and older TR at 2645 - 2624 Above there is a recent TR from Friday at which we tested the midpoint of this morning 2686 - 2678. Interestingly - we hit the low of the TR fromt he same time on the ES at precisdely the same time we tested the mid. Above its a long way to 2730 - 2740 area before we get back into consolidation.
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No. That certainly is a problem I have relating my trading intraday trading targets to line up or use my projections of a possible path of price. In fact while I was mostly short during the "fall" it didn't stop me from taking some long scalps. And to really take advantage of it I think you'd have had to hold overnight which I don't do on stock index futures. I think it also has to do with certainty - it's one thing to have a reasonable idea of what might unfold - and another to put your money on the line and watch it occur. I think we can all relate to that.
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Okay just a little pat on the back here ... Low of the Day in NQ 2664.00 Wow !
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Nice summary of points. Part of the problem recently I think is that we have been living in such low volatility and range bounce days that trend trending has slipped to the back of the trader's mindset. Time to dust it off and stick with the shorts until they fail.
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Looks like the 2664 target might be hit faster than expected. Just 20 pts away and down 70 pts from when I projected it. Maybe staying in overnight might have made sense after being up so much.
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Thanks. GOOG gapping up here so buyers maybe thinking it's a bargain ... or traders on the wrong side are bailing? Will wait for 5-15 minutes to see which is the case.