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.

atto

Chat Junkies

Recommended Posts

I was thinking we could use a thread to easily share charts and make more detailed comments regarding something that was discussed. I've had a few chat discussions bleed into PMs because of the more "formal" setup, so we might be able to get some use out of this.

 

Inviting the regular chat crew, if I forgot you originally, whoops. Likewise, if you'd like to be removed, let me know.

Edited by atto

Share this post


Link to post
Share on other sites

i was saying in a thread i started that the size of fractal waves (or minute bars) relative to the legs up or down directly relate to how frequently a trader's risk gets taken out before he gets reward. that's probably not what you're pointing out though eh Atto? what should i be interpreting?

Share this post


Link to post
Share on other sites

(second time typing this, browser error..bleh)

 

In chat, the topic of position management can up. Specifically, fixed size exits vs market based exits. When I first started trading (past 1 car), I used an immediate scale out at x ticks ("locking in profits!"). The underlying reason was because I traded scared, and wanted to get size off ASAP. This is not a winning strategy. Soon after, I moved to all-in-all-out (realizing my fear, and simply removing the practice entirely). Phantom of the Pits changed my view on entries, so I started scaling in (for example, I may add to a winning position when I get another unique entry setup). Db helped me also view exits differently, suggesting that scaling out maximizes profits (for him). Trading isn't a game to be "right" or hit home runs, it's all about the P/L. I spent several hours going over previous trades, and realized that I would have profited more by scaling out at "exit setups". I've since moved to a scale in - scale out position management strategy, and am very content.

 

My exit position management is based on S/R and climaxes. I do not exit in anticipation of S/R, but will scale out (or exit completely) at a S/R confirmation where price does not move through. I also (aggressively) move my stops up just under previous s/r areas. Most significantly, I scale out on climaxes (which, if they present themselves, can give you very good exits).

 

I'll get an illustrative picture in here eventually graphically explaining what I'm talking about. Thoughts? I'm no expert, so please feel free to share what works for you.

Share this post


Link to post
Share on other sites

Lame answer: whatever works for you. It probably depends on position size, and trading timeframe. I tend to group my contracts in 1/2's and 1/4's for exits and re-entries.

Share this post


Link to post
Share on other sites
good idea atto.

I am driving from LA to NY. I am about halfway, so be back in room on Monday. Good luck and have fun. See you guys next week.

 

nice stanlyd, how does the corn look?? take some nice photo's for us. c ya soon!!

Share this post


Link to post
Share on other sites

Hi fellow chatters... a lot of people felt that the market behaviour is somewhat different than at other times over the course of the past year, and several people mentioned having problems with S/R lately (see also wasp's thread about The Art of Support and Resistance), perhaps this is due to the fact that price, after breaking out of a R level, fails to hold above it but falls back immediately.

 

I think most of us would expect price to make a pullback and continue it's direction.

 

This is how I see it on the ES. Feel free to correct or comment in any way. The light blue dots indicate breakouts above R, the purple dots is where price falls back below it... perhaps this is where some parts of the problem lie...

 

attachment.php?attachmentid=7569&stc=1&d=1219129702

es_h4.thumb.gif.5c762f8d1ef37e16a8d65add1276ccb0.gif

Share this post


Link to post
Share on other sites

Some interesting things I have found with this particular market is lower volume spanning across the day. Previously what I considered high volume has dropped significantly. I'm not sure what it can be attributed to, maybe it's the Summer doldrums many people keep mentioning, maybe its the bounce we are seeing in what many still believe to be a declining market.

 

Less interest in the buying side could arguably be seen in the way we have risen on this July-Now bounce. It is slow which is healthy for a longer term trend but we are seeing considerably smaller and smaller rallies on each bounce. In fact I might even suggest that the breaking of resistance and falling back into it without clearly taking off (like seen in your chart) would imply the lack of faith in buying right now.

Share this post


Link to post
Share on other sites

hi guys, you got 20mins to learn a new setup??

 

about breakout trading. something for you atto! ;-)

 

 

Range Break out video pt2

 

cheers, marius (aka mong)

Share this post


Link to post
Share on other sites

geez. not much oneway trending today. !!

 

 

i found two great support area's, using this mis-understood-hindsight technique, where market reacted both times.

 

nice!!

!A47.thumb.png.6edbf88e83dc580cbef6a4d86cc2ffd5.png

Share this post


Link to post
Share on other sites

another video guys!

 

http://www.marketmastery.com/video_6pack_risk_shield/

 

 

also a live seminar tommorrow about:

Mind vs. Method:

Getting Subjectivity Out of Your System

 

not sure if the link will work so try it if you want.

http://click.exacttarget.com/?ju=fe3116707d64077c7c1576&ls=fdf412717065017f731d7875&m=ff2e1271746d&l=feba1c767c650074&s=fdf715727060007f7d167871&jb=ffcf14&t=

Edited by mong

Share this post


Link to post
Share on other sites

hi guys, this just recieved this coupon from a friend.

 

i think the offer is that they are NOT asking for [credit card details] for the next few days, upto sep 21. normally they probably do cause they offer a trial anyway!!

 

so i just signed up and its true. they didn't ask for those details. so i just put in some details and confirmed thier email. maybe some of you also want to participate.??

 

cheers, mong!

p.s. could be interesting. i always like to see how other professionals are "actually" doing things!!

 

5DAY FREE

TRIAL In order for you to appreciate the Squawk Trader Broadcast we are offering a 5 Day Free Trial. The purpose of the Trial is to give you a glimpse into the kind of trading information and data you will be receiving. Currently we do NOT require a Credit Card for you to sign up for the trial. After your trial period is up and you decide to sign up for the service, the minimal amount we charge for our service you will find WELL worth the investment.

 

Visit us at: http://www.squawktrader.com

 

Offer Expires: September 21st, 2008

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

    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. 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.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
    • UTZ Utz Brands stock, watch for a bottom breakout at https://stockconsultant.com/?UTZ
    • FL Foot Locker stock, nice breakdown follow through at https://stockconsultant.com/?FL
×
×
  • Create New...

Important Information

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