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humbled
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Everything posted by humbled
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I was considering a skip due to the distance from the line as I am very cognizant of that but I believe this had enough room to the next level. Instant stop Humbled
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Took a breakeven stop due to the double top pattern that formed and caused a retest of the level. Humbled
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I had a bias just now after slight highs were made under a level. I went long directly into the line. I am not sure if this is the right thing to do. Thales may consider this as a rule break. Humbled
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Took the long from a micro pattern and exited on the test of the next level. Humbled
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Thanks Enigmatics, I am reviewing now. Thanks for posting. Trendlines are my next layer to add. Humbled
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Another difficult area but I tried my best to decide. Ready to add a layer to avoid some of the crazy confusion soon. I believe my sale was wrong but I am unclear on some management issues. Humbled
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This was a short skipped due to the distance from the line. I considered it but held off. Humbled
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My first trade today was a long off SPX level 1608. The Exit was based on resistance and the pattern that showed.
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Thales, Please let me know if this chart size is better. You said you had some issues viewing my charts before. It would also be nice to know if I have similar levels to what you have. I believe I am following the rules verbatim. Humbled PS The volume under the chart is the SPY. I am just observing it.
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Thales, This is an important post and will go into my thinking moving forward. Is this what you mean? I saw these in real time. Humbled
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Thales, Thank you for this post. I am working to expand from the ideas you mentioned here. Humbled
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Price is not even close to a key level today so no trades will be executed. Thales had mentioned to be aware as other levels are built and I do see some today building but I am unsure on how to judge the value of each. A good time for some reading and plan development. Humbled
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Here are my levels for 6/27 I hope that the smaller window and 30 minute bars show more clarity of why I have each one marked. Humbled
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Thales, Yes when I bought the stuff from DB years ago I did a short period watching DOM/matrix window (1 week maybe a little longer) . I wondered if I lacked the attention to detail to notice it. Maybe more time would have passed I would have seen it. You did suggest the DB books and I am reviewing them but as you probably notice I am working to keep the focus on the exact areas to grow and trying to avoid finding more stuff to dig into which has been a trap for me since I started. In fact if anything people should notice in this log I am adding almost zero spin or adjustment to the method presented. I actually think the presence of too many methods and options hurts most. Formulating a simple method seems to be the answer for me. Maybe it is that I know my limits now and find myself splitting off in too many directions. . Humbled No less than 10,000+ hours of trading study and experience leads me to the stripped down trading I am showing here. I am down to bare studs building this structure.
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Thales, Enigmatics is welcome to post and I am happy to observe and grow from his posts. Reading the DB stuff as I write this Humbled
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Enigmatics, Thank you so much for these comments. I see value in what you have to say and will review the chart now. I have a reason for not adding any additional layers beyond what Thales has shared. As a student here I am not interjecting any ideas on what I know from prior experience as I will end up where I did before- Inconsistent and with a lower account balance. This is the reason I have not added one single idea beyond the original advice Thales has supplied. I am not playing stupid to hurt anyone but to be honest, I lost for more than 5 years straight in my attempt to day trade. I have put my heart and sole into trading and still could not come out consistent so at this point I am just doing what I am told. I will never be the "big thinker" trader on a macro basis as I am not an academic type of person but on a technical basis I will do what I am told until I succeed. Thanks for your help. I find value in the volume chart and hope to be able to add this layer asap. Humbled
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Here is a summary of my losses today and why I took the trades.
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After that confusion around the pivot I found myself unable to decide what to do any longer. Time for a break to wait for another pivot or another day. I am sure psych had some issue in this day as I know I had lost my confidence to some degree on my last entry. - 9.5 Humbled
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A 2b was formed just under the key level 1598. I am not sure if I should execute directly into the line but I still had the gap in my mind so I took it. I am not trying to trade this much as a desire for action. I am trying to follow the only rules that I find some clarity in so far. Humbled
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Under the 1598 I now had a valid short signal and took it. Humbled
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I saw a possible reason for short at 1598 SPX but no entry pattern, Humbled
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Stopped out on a break of the low.
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I did get stopped out but I also had to re-enter based on the 2B pattern. Humbled
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A very small pattern at a key level here at 1598 SPX
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Let me know if this size is better.