Quote from Bolimomo:
And I am "vacationing" at Pismo Beach this week.
I travel "light". 2 laptops, 2 x 22" mons.
I see you're charting Hurricane Earl there Bolimomo
Matcha's Dow E-mini Journal
- Thread starter Matcha
- Start date
I see you're charting Hurricane Earl there Bolimomo
Of course - You must post pic's here. Then all the young engineers here can become love sick puppies. And the rest of us will just -Quote from ~~~:
After trading .. you can go out party and wear all your emotions on your fashion clothes...the Super Hot Matcha![/B]
Matcha
Forgive me if this attempt gets messy. Other than posting a ** JH ** type mini manual I'll leave it to you to find the subject matter. This is a chart of Monday 9-20-10 Forget about the price histogram, look at the volume bars and the time of day.
Forgive me if this attempt gets messy. Other than posting a ** JH ** type mini manual I'll leave it to you to find the subject matter. This is a chart of Monday 9-20-10 Forget about the price histogram, look at the volume bars and the time of day.
Matcha
I warned this may get messy. Here is a chart of Tuesday 9-21-10. Again forget the histogram. As you can see from the open right up until 2:00 pm est the volume indicates a similarity to the midday doldrums. Trying to trade during the doldrums just ain't worth it, IMO. After your 10,000 hrs of screen time you may find any flurry of a breakout prior to a major news event will be short lived and snuffed out quickly, (quickly meaning 1/20th of a second) remember your competition!
I warned this may get messy. Here is a chart of Tuesday 9-21-10. Again forget the histogram. As you can see from the open right up until 2:00 pm est the volume indicates a similarity to the midday doldrums. Trying to trade during the doldrums just ain't worth it, IMO. After your 10,000 hrs of screen time you may find any flurry of a breakout prior to a major news event will be short lived and snuffed out quickly, (quickly meaning 1/20th of a second) remember your competition!
Matcha
Can you find any other similarities? Yes! The range, your good at this stuff all of us here @ ET agree on that! Remember that line in the Jesse Livermore book where he says, in effect ... "It wasn't my (Jesse) great forcastng abilities that made me money...... It was my sitting". I know it's hard to sit and watch prices fluctuate for five hours and not hurryupandjumpin, but again IMO, it just ain't worth it. I believe Picaso has offered you the best insight for a "F-day." Your day will come (but it wasn't here yesterday) and you will instinctively know how to proceed when the opportunities reveal themselves, you're that good.
Can you find any other similarities? Yes! The range, your good at this stuff all of us here @ ET agree on that! Remember that line in the Jesse Livermore book where he says, in effect ... "It wasn't my (Jesse) great forcastng abilities that made me money...... It was my sitting". I know it's hard to sit and watch prices fluctuate for five hours and not hurryupandjumpin, but again IMO, it just ain't worth it. I believe Picaso has offered you the best insight for a "F-day." Your day will come (but it wasn't here yesterday) and you will instinctively know how to proceed when the opportunities reveal themselves, you're that good.
Quote from FreeMarketRider:
...................Then all the young engineers here can become love sick puppies. And the rest of us will just -
Matcha is sweet sunshine super hot gal ... many american guys ..especially the engineers young or old already become love sick puppies because my little sis has both inner and external beauty Plus + she is intelligent ... if i'm a guy .. i will go ga~ga over her too!
love sick puppies huh?? it's ok .. just make sure use c....
just for a laugh after a crazy trading day
http://www.youtube.com/watch?v=Es_uivijpek&feature=related
Now That Is Funny
and so true
and so true
After yesterdayâs FED price action. 100% up then 100% retrace down. I was a little cautious this morning. It could still be a volatile day that traders are looking for the market direction.
I was still favor in long because of the overall trend although itâs quite extended. But the trend line hasnât been broke yet, I am not ready to get very bearish. Unless the 5 min chart shows itâs very bearish. I will join bear to short at pullbacks. The reading on internals is a bit bearish today.
Market open rallied up. Then again 100% retraced back. I neglected the HL, I focused on playing long side. But the bear was strong!
First trade was a long, buy at major support from yesterday, and a D/B pattern with YTDâs pivot low, anticipated a 2 leg move. But the bear was strong. Stopped out for a loss. -2
Then I shift my side to short. Market formed a LL channel pattern and continue heading down to test YTD Low.
TRADE A: Short, short at the retrace back to R level. Took a quick profit since the move is at itâs 3 wave. And the long bottoming tail shows the trend is exhausted. I am very glad I took it. 20Pts
Took another unnecessary short, it looked like a very reliable short on 2 min. Stopped out.
Then I found out that there is another reason why sell-off ended here at 10640. It was a measured move, 100%Fib extension from YTDâs sell off. I wish I had noticed that earlier, I would have entered last unnecessary short
Around 10:20. Market retested the LOD, formed a D/B pattern. I didnât go long here. I am willing to buy at the pullback after the reversal.
TRADE B: long at 50% pullback
Stopped out at first by a large red candle, took my 10Pts stop. The red reversal candle looked so bearish. But I re-entered when market popped back up.
This time I did a measured move, took profit at a very accurate place. Below the Pivot point which is also a resistance level. 21Pts.
Next trade was a quick short, then I ran out of bullets.
Todayâs PnL: $188, 7 trades, 57% winrate
I was still favor in long because of the overall trend although itâs quite extended. But the trend line hasnât been broke yet, I am not ready to get very bearish. Unless the 5 min chart shows itâs very bearish. I will join bear to short at pullbacks. The reading on internals is a bit bearish today.
Market open rallied up. Then again 100% retraced back. I neglected the HL, I focused on playing long side. But the bear was strong!
First trade was a long, buy at major support from yesterday, and a D/B pattern with YTDâs pivot low, anticipated a 2 leg move. But the bear was strong. Stopped out for a loss. -2
Then I shift my side to short. Market formed a LL channel pattern and continue heading down to test YTD Low.
TRADE A: Short, short at the retrace back to R level. Took a quick profit since the move is at itâs 3 wave. And the long bottoming tail shows the trend is exhausted. I am very glad I took it. 20Pts
Took another unnecessary short, it looked like a very reliable short on 2 min. Stopped out.
Then I found out that there is another reason why sell-off ended here at 10640. It was a measured move, 100%Fib extension from YTDâs sell off. I wish I had noticed that earlier, I would have entered last unnecessary short
Around 10:20. Market retested the LOD, formed a D/B pattern. I didnât go long here. I am willing to buy at the pullback after the reversal.
TRADE B: long at 50% pullback
Stopped out at first by a large red candle, took my 10Pts stop. The red reversal candle looked so bearish. But I re-entered when market popped back up.
This time I did a measured move, took profit at a very accurate place. Below the Pivot point which is also a resistance level. 21Pts.
Next trade was a quick short, then I ran out of bullets.
Todayâs PnL: $188, 7 trades, 57% winrate