Search results

I have some on the above chart...a L1 is the first 5-minute bar that goes below another on the leg of a pullback. L2 is the second. H2 is reversed with buying in an uptrend. so I wait for the bar to break. just helps for confirmation. Or I may enter if volume confirms before. The breakout...

Setups/Conditions/Patterns Here is a chart that shows some of what im looking for. *Note shorted the L2 towards the end of the day. Volume divergence with a reversal. SPYs feeling like they were turning with many of same characteristics of above chart.

Yea Bano is a profitable trader and he doesn't necessarily take big risks...he manages his trade knows when to cut. He trades large too so he must scale in. I have been having a hard time applying the tape reading I have learned there, nonetheless it is a good tool ya know. I hear you on...

I think there may be a misscommunication by what I mean by gut. Seems like someone misunderstood me and everyone tagged along lol. When I am trading..I am trading with PA and vol. However, I am consistently using three setups when trading. I have mentioned some of them in the journal. Selling L1...

You may be taking my words out of context, the "feel" is just the discretion involved in "discretionary" trading. Brett Steenberger summarized it nicely to me in his article about "learning to trade" and implicit learning! Also I talked alot about balance between a plan and "feel" or...

So just wanted to post an update since the last time I posted my pnl 7/21= +26 7/25= +30 7/26= +117 7/27= -34 7/28=+81 7/29= -110 So...have not been doing bad since the last time I posted in this log. One thing to note is that before this I was trying a variety of things and...

Hey everyone...I am still keeping away from this journal for a bit. Just thought I'd post a little update and this should help to clear some issues for me as I write them out. So did trade today and did decent. Was up a little bit. Today I opened up a little and traded based off of PA, vol...

Kurt, Thanks for the in-depth analysis and insight. How would you recommend someone attempt to trade the open in some of these in play names? I have been keeping up a watch-list of different earning related names near key areas. Watching them off of the open and looking for things to setup in...

You know what Im reading back through your post and you are giving some good techincal adivce(from what I see). These are things that I may have noticed in the back of my mind, but I wasn't the most "conscious" of them. If I am trying to ride the trend in some of these stocks...then it would be...

Thanks for the reply. I'll look at trading sister stocks to earnings as it seems that this may be a viable option here. your answer to my question? Seems like you said its hard to trade order flow in stocks with earnings? Then when do you trade the order flow? It seems to me that the action in...

A question for some of the tape readers that have replied in this thread. I'll Start with an example to help understand my question. Let's say a stock in play(earnings etc.) opens below a key level(52 wk high/support etc. and You have reasonable gap down. As it opens and prints the opening price...

Thanks!

The SPY was one trade when I first started out...you go forward and learn. Care to nit-pick a little more?

You've told me this before and I know it is true, but this is the same in any field. At one point in time I had a desire to go into MMA. I have been doing martial arts my whole life and fell in love with the sport after doing muay thai for a year. I knew that MOST people who attempt to do it...

I guess we are cut from a different cloth my friend...

Also, seldom does the average person truly make a success out of anything! There is nothing new under the sun and trading is no different! When my father snuck off of the cargo ship he had been working on since he was 15 and entered this great country he didn't know anyone... After working...

Come back here in a few months and we will see. Appreciate the technical advice...but dont really care for your other negativity. A skimming of my journal that's lasted all but a month isn't going to let you know whether I will achieve my goal or not! It's your opinion, but I don't care for it...

Hahah, i see you do have a knack for it! Maybe Kurt can take some of your advice and it will help him going forward?? Seems like he knows what is up as well. Just a matter of addressing the issue!

Yea agreed. I'm finding that I like intraday trading though....certain aspects at least. I love being in a flow state and just being in the moment and doing. The markets are always in ebb and flow and just flowing with it is almost a meditative experience sometimes. Reminds me of doing a form...

I don't believe it...seen to many people do it on a consistent basis. Guys at my firm doing on a consistent basis. That guy that posted above you does it as well. If this has to do with your success or lack of it in the markets...you can take it somewhere else. I've already decided my path...