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.

kingking

I got burned today (13 March 2007)

By kingking, in E-mini Futures

Recommended Posts

kingking    10

kingking
Posted

The market started off with a 60 points gap on YM and the A/D was -1300 to -1700 for most part of the day. In fact, I have a bias on the short side. I took 10 shorts with 1 win but all losses with a stop from 7-10 points. The chart showed only 3 of the loss trade (Red arrow). I real bad day becoz my market bias is right but am not benefits from such a day. Hope some of you can give me a bit of the advice.

5aa70dcc0b978_YM13Mar07.thumb.png.a326b9094a1bd99b6a0974d48830ca1a.png

Share this post

Link to post
Share on other sites

notouch    10

notouch
Posted

Your stops were too narrow for a day like yesterday. Also your trade location was probably all wrong. Were you just jumping into the market because it "felt right"? That's how the professionals take your money.

Share this post

Link to post
Share on other sites

walterw    10

walterw
Posted

I have a complete diferent point of view.... stops should be tight and the issue here was timing... dont panic king, you are more near to realize that some things on your plan have to be rethinked... timing wasnt good, the overall setup was ok...

Share this post

Link to post
Share on other sites

rickv    10

rickv
Posted

King,

A couple things to help your timing issue -

1. $TRIN - where and what was it doing - Setup your trin on a line chart you want to know what the overall trend is doing. The number is important also but more so the trend. To keep it simple >1.0 is bearish and <1.0 bullish

 

The market was completely rotation in the morning on the 13th. Caution: unless you know how to trade a rotational market. ie. Buy the lows and sell the highs. A gap down to demand is not a short.

 

2. The VIX another simple tool to keep you on the right side of a trade. notice at the open it was sideways also. The VIX is inverse of price action and once it started to trend and we broke the lows it started trending higher.

 

Just a couple tools that will keep you on the right side of a trade - sounds simple but it really works.

 

Good Luck - Don't make more out of trading than what it is. It's all about buyers and sellers and supply and demand. Become a student of price and volume and you will understand the markets.

timing.bmp

Share this post

Link to post
Share on other sites

Robert2617    10

Robert2617
Posted

I made that RadarScreen for TradeStation TT&V (Tick, Trin & Vix) indicator. Color coded for bearish, bullish or neutral, shows the actual number and whether its going up or down. It's in the dl section.

 

With VIX (vix.x for TS), 20 or over is totally bearish, 12 or under is totally bullush, so the experts say.

ttnv.gif.69303def49c8eed21e632e0222f521b3.gif

Share this post

Link to post
Share on other sites

Robert2617    10

Robert2617
Posted
Nice Robert ¡¡ whats the lookback comparison criteria to establish up/ dn direction ? (ej, higher than previous bar, etc) ...

 

Yes. :) You have to set "Addition Data" with a right click/format to look back in time.

Share this post

Link to post
Share on other sites

Z_trade    10

Z_trade
Posted

I was trying to make $TRIN easy to read and I think one of the useful way is to place Directional Movement and reverse DI+ and DI- color, so you will see overall trend by looking to the DI lines. If its too squeaky adjust the numbers.

5aa70dccaee5f_trinADX.jpg.d033a5d8daf656028529daa97b1b0582.jpg

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.

×
Go To Topic Listing

  • Topics

  • Posts

    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      ADMA Adma Biologics stock, watch for a range breakout, target 26 area at https://stockconsultant.com/?ADMA
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      URI United Rentals stock, nice rally off 829 support area, watch for top of range breakout at https://stockconsultant.com/?URI
    • HFblogNews
      HFMarkets (hfm.com): Market analysis services.

      By HFblogNews · Posted

      Date: 27th November 2024. S&P500 at its 52nd new peak for 2024; USD Firmer, Kiwi & Yen Up. Asia & European Sessions: Wall Street rallied into the close with the S&P500 and Dow registering more record highs with the S&P500 climbing 0.57% to 6045, its 52nd new peak for 2024. The Dow rose 0.28% to 44,860.3 for its 46th record of the year. The NASDAQ advanced 0.63%. Trump named Jamieson Greer as the US Trade Representative and Kevin Hassett to direct the National Economic Council. Greer was intimately involved in Trump’s first-term trade policy decisions. President Biden announced Israel and Hezbollah have reached a cease fire. Over the next 60 days the Lebanese army and state security will take control of their own territory and Israel will gradually withdraw its forces. FOMC minutes: Minutes from the Fed’s latest policy meeting revealed officials leaning toward a cautious approach to future rate cuts. All agreed to cut the rate by -25 bps and nearly all thought risks between achieving employment and inflation goals were “roughly in balance.” Upside risks to the inflation outlook were little changed, and while inflation had eased, it remained elevated. The implied December rate continues to hover around a 50-50 bet as we await the PCE price data Wednesday and the crucial jobs report on December 6. The January 2025 rate is priced for a total of 20 bps in cuts, with -75 bps by January 2026. RBNZ cut its cash rate by 50 bps, yet the Kiwi gained as traders analyzed the central bank’s rate outlook and the governor’s remarks. Chinese government approved a 500 billion yuan ($69 billion) bond quota, enabling two state-owned asset managers to issue bonds for funding projects aimed at spurring economic growth. Today: US inflation and economic growth may provide clues to the Federal Reserve’s next policy move. Financial Markets Performance: The USDIndex has dropped to currently 106.459. The Yen climbed with USDJPY pulling back to 151.82, while NZDUSD jumped to 0.5900 despite the RBNZ’s 50 bps rate cut. Oil prices stabilized at $68.84, with optimism over delayed OPEC+ output increases balancing the reduced geopolitical risk stemming from the ceasefire. Gold rebounds to 2653.54, with next Resistance at 2660-2664. 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. Andria Pichidi 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 FX and CFDs 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.
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      RBLX Roblox stock, pull back to 49.2 gap support area at https://stockconsultant.com/?RBLX
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      UHS Universal Health Services stock, nice rally off the 197 support area, from Stocks to Watch at https://stockconsultant.com/?UHS
×
×
  • Create New...

Important Information

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

  I accept