Matcha's Dow E-mini Journal
- Thread starter Matcha
- Start date
Matcha - Given what the charts you've posted show about this weeks PA, you've done a great job. I just got quotes / screens set up yesterday (after 5 years of not following at markets). Thank you - This thread has been a great inspiration for me 
Thank you.
Boli - Your Destiny comment floored me - You are THE MAN. Many years ago Neiderhoffer gave a key note talking about the relationship between trading, music, and other things he categorized as "elemental" activities. My sense is you (and many other great posters here) see markets in that way. The rest of us stand in awe Thank you.
~~~ - You posts tell us through and through that you too are also a real "Sweetie". I would hate to imagine being on the opposite of one of your trades. You seem the consummate match maker, which also suggests you are making amends for the hearts you've broken Thank you for your great advice.
NoD - Queen of Price Action - Your generous and thoughtful advice shows your true character. Thank You.
Went Fishing - Like Boli (and NoD) your insights and advice come from trading at a much higher level in the game. I'm old school in market thinking because most of my readings / research are from 90's. I think the quality of literature peaked. Generational turn over is rippling around the world.
PO - Speaking of generational turn over, You and Matcha are the rising stars. Perhaps your destiny's are starred to cross in more places than just this thread
My "day job" kept me from many RT comments here. I'm working to re-engage markets / trading. The comments and advice in this thread have helped "stir the gray matter". Thanks All
Thank you.Boli - Your Destiny comment floored me - You are THE MAN. Many years ago Neiderhoffer gave a key note talking about the relationship between trading, music, and other things he categorized as "elemental" activities. My sense is you (and many other great posters here) see markets in that way. The rest of us stand in awe
Thank you.~~~ - You posts tell us through and through that you too are also a real "Sweetie". I would hate to imagine being on the opposite of one of your trades. You seem the consummate match maker, which also suggests you are making amends for the hearts you've broken
Thank you for your great advice.NoD - Queen of Price Action - Your generous and thoughtful advice shows your true character. Thank You.
Went Fishing - Like Boli (and NoD) your insights and advice come from trading at a much higher level in the game. I'm old school in market thinking because most of my readings / research are from 90's. I think the quality of literature peaked. Generational turn over is rippling around the world.
PO - Speaking of generational turn over, You and Matcha are the rising stars. Perhaps your destiny's are starred to cross in more places than just this thread
My "day job" kept me from many RT comments here. I'm working to re-engage markets / trading. The comments and advice in this thread have helped "stir the gray matter". Thanks All
ND,
Sorry for chopping up your post, as always it was full of meat and light on gravy (I love gravy
).Matcha,
I agree, I think you had a respectable week. I believe you possess a rare quality to aspiring traders, a healthy disciplined approach. I must have been near the end of the line when the trading Gods were handing that one out! If I were you I'd hold that gift close to my vest, it will serve you well in this business.
RE: "we should reference the bigger picture"
The Queen of PA (accept it ND
), cuts right to the quick! When I drive my car, I scan several "indicators". I look straight ahead (but not to close), I look out my right side mirror, I watch my speedometer, fuel gauge and rear view mirror and I even fiddle around with my cd player and left side mirror. Assuming you drive, you probably do something similar. The amazing thing about this is, we give it no thought we just do it, subconsciously. People wake up one morning and say, "I'm going to be a trader". They save up some money open an account download the platform and they're traders. It is that simple. Most new traders give more thought to the tools needed to hang a picture, than they do to the tools needed to trade the markets. I've asked a few aspiring traders here on ET how much screen space they have and everyone said, "a laptop". I refuse to get into a pissing match over screen space. But I will say this, I monitor 7 charts to make my decisions on every trade. My main focus is on 3 of those 7 and all the Buy/Sell signals are generated on one. As in driving my car, I glance from screen to screen without thinking, remembering highs and lows, peaks and troughs, this level and that line. I'm not saying this the only way to do it I'm saying this is how I do it. I can't look at a chart at 7am and remember the price of that 6 month high at 10:30am, I'm not that good. I can however look at my charts 15 minutes before the news and ask myself, "If that ball is hit to me, where do I need to throw it to make my play"?
The only thing that changed in the markets since I started trading is speed. I used to phone in daytrade orders. In today's market if you're a HFT and your computer is more than 100 miles from the exchanges computer, you can't compete due to latency .... now that is fast. When I click Buy or Sell I'm turning my trade over to King Algo the God of algorithmic trading. Before I click that mouse I want to have the absolute best opinion I can about where in the market my order will be sitting at that moment in time. And all I have to base this decision on is past prices and my expectations of the future.
ic, thanks for the analysis. I still got confused by large time frame and 5 min chart from time to time, especially when price at the major resistance level on large time frame...
just like the past 2 days. Large time frame suggest to be careful, it might turn. Smaller time frame is continueing bullish... Always not sure if I should long or short....Quote from ~~~:
...we can ask him out alone only and just forget about his wife!!!!
great idea! I would love to. I dreamed of running into him in HK. But if I really had a chance talk to him or to be introduced. I would be an awkward nervous coward... :eek: I am very shy in front of my idol...
Quote from FreeMarketRider:
~~~ - You posts tell us through and through that you too are also a real "Sweetie". I would hate to imagine being on the opposite of one of your trades. You seem the consummate match maker, which also suggests you are making amends for the hearts you've broken
match maker huh??? Thanks God my trading skill is muchhhhhhhhhh better than my match-making skill LOL
i'm such a Lousy, Terrible and Horrible match maker coz i don't know whether "he" is single or not???? i did it blindly and trying to m-m "them"! if he has a wife already .. it'll be a "Big Mistake" & "Disaster":eek: Luckily my sweetie sis is smart and she has many secret admirers ... so i'm not worry for her la coz she knows what's good & best for her! anyway... doesn't matter single or married coz all just friends only LOL i'm not a daytrader .. we're trading mid-term to long-term & have big capital to play with .. so we're doing ok.
hmmm... broken hearts huh? All the americans only crazy for american ladies or gals from thailand .. Nope! i'm Not american lady or thai gal .. i'm a chinese lady so i have not break a heart LOL
Have a Great weekend ALL ...
here's a chinese lady dancer ...*Please click to full sceen to enjoy the dance & music
~ Butterfly Lover ~
http://www.youtube.com/watch?v=h1DqfJtd3sU
~ Swan Lake ~
http://www.youtube.com/watch?v=4sMc-p19FIk
the famous chinese vilionist ~Lu Si-Qing in the Butterfly Lovers concerto..
*BL is a Classic Chinese Love-Story like "Romeo & Juliet" except the BL is much more romantic la.
http://www.youtube.com/watch?v=hVwaPb4xyg0
I have a few books from the early 90's with passages doubting if this Globex thing will catch on, if they ever do get it off the ground! The new generation of trading is computer driven and that means fast, real fast and precise. Your order execution has to be just as precise. Recently I saw 5.25% of the daily volume on a single 9m bar! The tools that work best for me today didn't exist in the early 2000's and most of the information I've gotten on these indicators came from websites or blogs.
What markets do you plan to re-engage stocks, index futures?
Hi Matcha,
Large gaps have a lower probability of closing than small gaps. That 1% gap up was particularly nasty because it happened just before RTH. My rule on days like Friday is "hold your nose and buy", which is what I've been doing the last couple of weeks; the economy isn't good enough to justify these nosebleed gains in a single month.
