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.

enochbenjamin

I Love Virgins

Recommended Posts

I have this same journal at another trading message site but I like the people at this one better. Much more willing to help one another here. So...I am duplicating my thread here.

 

Anyway, the title. I love trading virgin approaches to established (by me) support and resistance levels. I define virgin as a level that has not been revisited since it was created and do not count levels created in the current session. I also do not give as much weight to virgins that have been violated in the overnight sessions.

 

My vehicle of choice is the 10 year (ZN) although I have been known to occasionally trade other markets if a pretty virgin entices me (6E,CL, ES).

 

I'll be posting virgins the night before I see them and try to update the levels every morning.

 

I'll be posting tomorrows virgin plays as soon as I finish reviewing the profiles.

Share this post


Link to post
Share on other sites

Virgins - young fresh and clean.

 

ES /Buy @ 110300

ZN Buy @ 117'04 and at 116'30

 

There is another virgin at 117'07 but I usually discount virgins as wannabes that have been probed once price comes within 4 ticks. During RTH's price went to 117'08.

Share this post


Link to post
Share on other sites

It will be nice to see that chart to show your method of locating these untested "virgin" levels. Do you derive them from swings at HUP levels produced from previous day SDs from your market stats?

In any event for the ES I see a “classic” virgin POC working in that price level you mentioned. This may or may not be what you have in mind.

Share this post


Link to post
Share on other sites

Here is an example of what I'd consider a "virgin exploration" if you will of a prior Trend Channel Line. I don't know what you'd call it after it was pierced to the upside, but the first touch was the virgin is shown on the chart.

iluvvirginstoo.jpg.ef93b5bf2766decfad44f6c4a22e71fe.jpg

Share this post


Link to post
Share on other sites

Ok - there was a nice virgin trade in ZN this morning but once the virgin is violated my charting platform won't show her anymore so.... I found a couple of ES virgins. The first time - AND FIRST TIME ONLY - the virgin is penetrated fade with a tight stop.

 

attachment.php?attachmentid=19807&stc=1&d=1267644854

 

So buy virgin @ 111750 and when she's done if there is time buy another virgin @ 111425.

 

Virgins are good until violated so if we don't get to them today they will still be good tomorrow.

5aa70fe0a9c88_3.2ESVirginapproach.thumb.png.fde7367a5a9de02c7735a5765dfa6ffd.png

Share this post


Link to post
Share on other sites
Question:

 

If you are picking virgin POCs off that come from RTH, and one of them is penetrated over night for example, is that POC still valid and virgin?

 

I personally don't mess with virgins that have been fooling around overnight. It is interesting to note that the virgin 1114 held overnight.

Share this post


Link to post
Share on other sites
I personally don't mess with virgins that have been fooling around overnight. It is interesting to note that the virgin 1114 held overnight.

 

So you are saying that if you have a virgin that was created with the RTH data.... and then if that level is penetrated overnight, you don't look at it anymore?

Share this post


Link to post
Share on other sites
So you are saying that if you have a virgin that was created with the RTH data.... and then if that level is penetrated overnight, you don't look at it anymore?

 

Not saying I won't look at her but from my brief experience the virgins are much more likely to hold up if they have NEVER been revisited after being formed. So I would prefer to fade a pristine virgin.

 

This is just how I play em - but this is not a concept I invented so you might find differing opinions.

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

    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • What a wild year.   AI seems to be appearing everywhere you look, Paris hosted a weird Olympics, unrest continues in the Middle East, the US endured a crazy-heated election, and the largest rocket ever to fly successfully landed in a giant pair of robot arms.   Okay, but what about the $money stuff?   Well, this year we've seen a load of uncertainty - inflation is still biting and many businesses have gone down.   Property has been very fractured, with developments becoming prohibitively expensive, while other markets have boomed.   It hasn't been an easy ride, that's for sure.   However, the stock market has had some outstanding results, and for those who know how to trade, some have done VERY well for themselves.   Some have replaced their incomes. Some have set themselves up for the rest of their days on this planet.   How about you? How did you go? Author: Louise Bedford    Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • U Unity Software stock watch, attempting to move higher off the 22.4 triple+ support area at https://stockconsultant.com/?U  
    • TSSI TSS stock, watch for an ascending triangle breakout above 11.49, target 15 area at https://stockconsultant.com/?TSSI
×
×
  • Create New...

Important Information

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