Jump to content

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.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

One Strange Kat

I Am One Strange Kat

Recommended Posts

It is about time. The deep end of the pool is calling my name. I have done much of the work to drown proof myself, but one really does not know if he will survive until he makes the plunge into the deep water, deep enough that you can not feel the bottom and have to work to tread water.

 

This is where I am. Having read Wyckoff and DB Phoenix's interpretation of Wyckoff, I am jumping in with both feet. My focus will be not necessarily be on intraday trading, but understand the value of such trades to put some money in the bank. Lets face it, this is part of the journaling process, no? I think I am more tuned to be a swing trader, than intraday, but I am open to the possibility of being challenged to think differently.

 

I have spent roughly six months observing markets, primarily, the indexes, but some stocks and etf's too. Price is price is price. Markets move and the basic tenets of price movement is evident in any market you look at. I realize that there are some differences in the details, but generally speaking, price behaves the same over markets, because we are really observing human nature without words. I hope price will speak to me and allow me to understand its journey whether it be an individual futures contract, stock, bond, or etfs.

 

Let the journey (and the journal begin)...

 

Do I know you?

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

Do I know you?

 

Short answer: No

 

Long answer:

 

I stumbled onto this site a year or so ago. I read through what you have archived here along with the pdf's posted. Saw that last week you started the intraday 2 thread and figured it was time for me to get off my assets and start a journal. I have not had a trading journal before, because I have not traded before (unless you call throwing cash into an IRA trading).

 

Do you intend to apply the SLA or develop a trading plan of your own?

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

Do you intend to apply the SLA or develop a trading plan of your own?

 

If I may wax philosophical for a moment. Can anyone actually apply a trading plan of someone else as their own? Should a trading plan outline not only the strategy for trading, but also address type of trader, use of leverage, stop loss, ones own "eye to the market?," etc.

 

So I'd answer you this way, my desire is to make the straight line approach, my philosophical foundation for a trading plan. It makes sense in my mind any way.

 

The SLA as written is a template. The trader must yet make some decisions on his own, such as what constitutes a "break".

Edited by DbPhoenix

Share this post


Link to post
Share on other sites
Do you intend to apply the SLA or develop a trading plan of your own?

 

If I may wax philosophical for a moment. Can anyone actually apply a trading plan of someone else as their own? Should a trading plan outline not only the strategy for trading, but also address type of trader, use of leverage, stop loss, ones own "eye to the market?," etc.

 

So I'd answer you this way, my desire is to make the straight line approach, my philosophical foundation for a trading plan. It makes sense in my mind any way.

 

The SLA as written is a template. The trader must yet make some decisions on his own, such as what constitutes a "break".

 

From what I have seen... and I don't follow the DBP thing closely... the guy is laying out some really great instruction (it's good stuff... no doubt... and, it's free). You will find though, that one must make things their own. One can take this instruction anywhere you want "it" to go. These are principals (the beauty of it)... understand, and apply them as such that they are your own.

Share this post


Link to post
Share on other sites
Why Cough,

 

I assume you are looking at a zone somewhere around the arrows on the daily chart, 4260-70 or so.

 

Actually, I looking from the high of 2/5/15 to the low of 2/8/15.

 

I would post a picture but I don't have enough posts.

Share this post


Link to post
Share on other sites

Couple of limit downs hit this morning. So close was the first limit, I walked away from the break of the demand side of the range drawn.

 

Long now with a stop at break even plus costs.

 

 

Don't overlook the halfway level of that first upmove.

824b.thumb.png.a75eb06806927594b42d32aa84dec4c5.png

limits.png.06c4705cf5284628c4035f71dafa3d8f.png

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

Poorly managed on my part, out by stop a couple of minutes ago.

 

DBP- Thank you for posting your charts in the other thread. It was a Kenny Rodgers trade: ya gotta know when to hold em, know when fold em, I folded and walked away in the neighborhood of 9:30. Pup needed a run through the woods.

824c.thumb.png.8b91f981b3a5fbeec5b39c503f0247ac.png

Edited by One Strange Kat

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
    • MCK Mckesson stock, nice trend and continuation breakout at https://stockconsultant.com/?MCK
    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.