If You Can Draw A Straight Line . . .

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How ironic – based on my request/ your response yesterday evening – I was going to see if you had a write up for a range/ chop day

You know, that kind of day/ PA that makes one think – why the hell didn't I go paint the neighbors house today – or go fishing / play golf / shoot myself….

And viola one appears…

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Btw – this thread – is a hellofalot better than arguing about the validity of TA… or if today is a top/ bottom

Who the F cares – seriously


Thanks for taking the time DB

RN
 
Quote from bmwhendrix:

You left a bit too early db.
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Yes. And no. I really can't deal with this for more than a couple of hours, even if I'm in a trade. Too much energy, I guess.

However, since you brought it up :), I'd like to know if anybody did stick around and, if so, if they tried to catch the reversal. I did say that upside would be difficult given the barriers of both the hourly and daily upper trendlines. And lo and behold. However, it took two frigging hours for the reversal to complete itself. So, did anybody try to catch it? Where and how? What did you learn?

And if no one did try, what would have been the most profitable AND safest entry (they're not the same)? I realize this is hindsight and would usually be pretty easy to tag, but all the principles have been illustrated by now, and all of you now know what trends are and what support and resistance are and what demand and supply lines are and so forth. Not that you've internalized them, but you've been exposed to them. So try to apply those principles as best you can and work your way towards what you believe, based on those principles, would have been the most profitable and safest entry. It won't be a wasted effort. This situation will come up again. And again.
 
C'mon, guys. You're all anonymous. Nobody's going to point and laugh. And even if somebody does, so what? You're trying. They're not.
 
Quote from bighog:

Do not feel lonely young lady, there is nary a soul on the planet that can predict mkt direction with certainty. Thank goodness! What you described in those very few words is the absolute extent anyone will ever extract from TA, PERIOD. There are far to many variables as inputs from the players themselves for any one person/computer to unravel and say for certain that this or that will always work 100%, again THANK GOODNESS!

With all that in mind, is it easy to understand why so many fail to defeat the trading game. Now do not get me wrong, I am all for everyone getting to the winner circle, but we all know most will fall short of that goal because they never grasp the concept of "self". Your statement that TA will only get anyone only so far is so accurate it will be fluffed by 95% of readers. "she is wrong, we all know there is a secret to winning because many say they have the grail but will not say so", I love that one.

TA, is like having a GPS system on your dashboard, it will tell you where you are going but can not tell you what to do once you get there. Sound familiar?

Here is the down and dirty solution to a game that has more divisive inputs than your mother in-law has to your marriage.

Understand TA, then trade until your mistakes stick you in the eye until it hurts........discard that tactic and move on, FIND what works for you and for the life of you, DO NOT try to find anymore, milk a couple cows and let the rest just roam the field and forget them.

BOTTOM LINE: NO single trader out there can do much more than what I just described, it is impossible to solve the whole mkt problem. Slay 90% of the days noise and the remaining 10% will be very kind to you as long as you wait patiently for the mkt to show its hand first.

After TA, comes your intuition, your skill, your courage, your mistakes, your blood, your guts, your mistakes, your highs, your lows.............face it..........this game is almost as tough as politics, you MUST have a thick skin to get where LESS IS MORE.
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PS: Intraday swinging is what works for me. ES is still number uno....... that instrument works for intraday swings because the volume is so thick that "monkey see, Monkey do" simply works. I get the runs and avoid the flatish ema and "all is good" Trendline (visualized in the head) 20 ema plotted, early run, a late reversal.......those are all that is need to seek out.......15 handles. :eek: (8 trades is es to get that amount, not two, ha)
 
db,

I was at my "real" job today and tried to sim trade. Attached is what I believe were my trades on another computer. I got the downtrend, but probably would have only been up a couple of points on the day.
The morning was a mess with 4 losers in a row. I would appreciate comments on my morning setups if you would.

Thanks,
bmw
 

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Quote from bmwhendrix:

db,

I was at my "real" job today and tried to sim trade. Attached is what I believe were my trades on another computer. I got the downtrend, but probably would have only been up a couple of points on the day.
The morning was a mess with 4 losers in a row. I would appreciate comments on my morning setups if you would.

Thanks,
bmw
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Repost it as a 1m bar interval with prices and I'll do what I can. And you needn't go beyond noon if you're interested primarily in your morning setups.
 
I think there is a nice supply trend line since 24 June on the hourly chart with about 6 tags that was broken on the volatile hourly bar from 1 to 2 pm.
Last 2 days look as chop. I would draw horz. levels at 20 and 40 based on the hourly chart.
I would draw 35,30 and 25 levels from a five minute chart from yesterday.
My present ideal would, and of course this is a hindsight hypothetical exercise , be to to sell the clean breaks, single print for hours prior, from about 25 to 20 and again from 17 to 13.

As you say DB, I have nothing to lose here.
Sorry, that I cannot post a chart of NQ at this time.
 
Quote from niko:

I was thinking RET, but then I realized this could be the REV, then I read your analysis and I thought that if I kept the DL like the one in your channel the REV argument gains strength.

This still puzzles me in RT as I try to get in as soon as I spot the potential REV, but then I end up tangled in a RET or even worst a Chop.

Any advice?
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I didn't see your post. Apparently you're being moderated.

I'm not sure what I'm looking at. What are you trying to do?

As for posting a chart, just bookend your url with
without any spaces between your link and the codes. I'd do it but I don't have moderating privileges here.
 
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