Journal XburbX - My Plan

Looks like no trades today. Depending on what happens in the next 30min. I have to make an adjustment to my scans because I thought I was scanning stocks that were within the correct volatility range to offer more entries but I wasnt. I didnt know until I got on the phone with TS. I have seen several trades today and yesterday pass by but the risk was too much. I have adjusted the universe to stocks that should offer more entries.

If nothing happens in the next 30 min Im off to the course. I need to get ready for round 2 of our 4 day tourney. Round 2 is 930am Saturday.
 
Tomorrow there will be trades. I am also going to note how tomorrow acts because I am seeing a lot of setups and there usually arent this many.
 
Quote from xburbx:

Tomorrow there will be trades. I am also going to note how tomorrow acts because I am seeing a lot of setups and there usually arent this many.
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Interesting you said that cause I also have quite a few stocks setting up for tomorrow.. Unfortunately, everyone is on vacation which can make things difficult..
 
I am not sure what to make of it but the volume was very high today across a lot of stocks. Most it was the highest this month. Maybe monthly traders changing positions, going away for holiday, who knows. Im sure there is a lot more to the picture and either way I am taking my trades.
 
Well so far its been good range trading this week (going no where except pretty much back a forth - and screwing some in the process)

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Now, if we were to travel back in time and look at YoY weekly candles

This week or next should see a move

We’re 2/5ths thru this week – and I dare say a lot of traders are getting frustrated.., even lackadaisical


Tis a good a time as any to screw many of em – btw know I am NOT making any sort of prediction here....

Rather; I'm simply not letting my guard down one bit - and ready to pounce when it comes

RN
 
Quote from Wide Tailz:

I think it comes down to who is fearful and who is faithful.

Fear creates tails, faith creates turning points.

When the positions of the fearful expire, the faithful remain.

The fearful are very proactive (using market and stop orders to push trends along), the faithful are inert (limit orders, which stabilize the market).

When all weak hands have made it over the cliff, when the tape has gone quiet.... faith has prevailed; the panicking herd has rushed headlong into a wall of limits.

Or as it says in a certain Book: "the meek shall inherit the earth"......

and the profitable positions :eek:
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Sweet :)

Here’s to remaining meek with every trade


Interesting take on tails btw.., I've always viewed them as strength or weakness

But hey..., beauty is always in the eye of the beholder dontcha know

RN
 
Quote from xburbx:

Stupid question - do you mean look at the weekly candles of this exact week over prior years?
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Yepper - funny thing about history - those refusing to learn from it, are doomed to repeat it - most times


btw - only stupid question is the one never asked

RN
 
Quote from xburbx:

Tomorrow there will be trades. I am also going to note how tomorrow acts because I am seeing a lot of setups and there usually arent this many.
More...

XB

Are more setups possibly showing up because of a change in the scanner parameter setting(s)?? (after speaking w/ TS that is)

RN
 
No. It was a small change on a different tf. One wouldn't have anything to do with other. I can explain in detail if you would like
 
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