NoDoji's Day Trading Log

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Whiskey, Google these two words: focused and this one >>>> in⋅at⋅ten⋅tive  /ˌɪnəˈtɛntɪv/ Show Spelled Pronunciation [in-uh-ten-tiv] Show IPA
Use inattentive in a Sentence
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–adjective not attentive; negligent.


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Origin:
1735–45; in- 3 + attentive

Related forms:

in⋅at⋅ten⋅tive⋅ly, adverb
in⋅at⋅ten⋅tive⋅ness, noun


Synonyms:
heedless, oblivious, unmindful, preoccupied.


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When you understand the difference maybe you will understand. I will see fit to send you a 10x12 signed glossy for you to drool over if that satisfies your troll tendencies.

Do not interrupt nods jounal with dribble. You will lose all power as a mod by being a pain in the ass. :D

PS: I remember you from amtsw's thread. You were a real pest in there before you got spanked. Let us do our magic in here by ourselves.
 
what is experience? experience should be you really did that, then become expereinced; if this time you did, you felt great; then next time this pleasure will drive you to do it again, this will create a positive creative cycle. however, if you did not do that, that is called after-fact, or your observation, what you got is just your feeling, your frustration; then next time, if you see an opportunity, and you let it go, your guilt or frustration will become more severer, or you try to get what you want: your uncomfortable feelings, you wil be very angry about yourself.

just like a swimming learner, just walk on the bank of the swimming pool and watch, that is very easy, very easy, eeven he can pint out others' swimming skill problem. but if he does not really jump in, he will never learn to swim!

cheers


Quote from NoDoji:

I was patient today, maybe a little too patient because I missed a couple nice trades expecting stronger setups on X and FMCN. I also regret not catching the confirmed long entry on ES early in the day. Experience should help me see these more clearly at the hard right edge. [/B]
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Quote from bighog:

Well when you figure out how to get consistent winning "ONE" handle day in and day out. 5 is a snap. :D
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I'll take your word for it. Big leap of faith for me, to be sure.
 
+ $84

Worked in sim and live today, wanting to sim trade Dec crude because I’ve been really enjoying trading crude and when my account’s a little bigger and can handle the stops needed to survive the trades, I will be all over it.

The day started quite badly. Late yesterday I’d considered an overnight short on ANF because of the lower highs it left behind after becoming quite overextended. However, instead of shorting while it was above 37.00, I thought I’d wait until the open today to trade it. It started falling from the open and I shorted @ 36.88 looking to catch the momentum and it pivoted right about where I shorted and when it retraced the entire opening red bar and started rising further I covered for -$88. Well, you win some, you lose some.

ANF left a shooting star off the HOD and I shorted @ 37.47, covered @ 37.29 on the pivot off the 20 EMA for +$34.

ANF tested the HOD and left another shooting star behind, short @ 37.53, covered @ b/e when it found support at the 20 again. It reversed and dipped below the 20 and so I patiently waited for a more confirmed entry.

Shorted CAT @ 59.71 after a failure to break through the HOD sold off sharply leaving a shooting star. Moved stop near b/e Trailed a pretty wide stop expecting a decent breakdown, and was stopped out @ 59.64 for +$12, after having $62 in profit showing. This is why I’m a scalper at heart: whenever I try to leave room for a better move, I get a worse result.

ANF double topped, pulled back, attempted to resume the trend, then broke down the now-falling 20 EMA, left a lower low, pulled back to the EMA where I shorted immediately @ 37.41, getting in one penny from the top of the move. Left my stop in place just above that bar and let it play out. Covered @ 36.93 for +$94 when, after a 3rd push down, price left a hammer behind. I give myself an A+ for patience and the best reading of price action I've ever managed on this trade. Thank you, Al Brooks, for the tools to pull this off.

Later shorted ANF again @ 37.41 when it ran up to test that level, and again I ended up in the trade one penny from the top of the move. Covered @ 37.28 on a pivot above the now-rising 20 EMA for +$24.

I excitedly waited for beige book action to trade ES. Nothing happened. The market simply sat there. The ES drifted a bit, left a lower high just beneath the 20 EMA and so I shorted @ 1092.50, trailing a 1 pt stop, which was hit for +$7.70.

Then the saddest thing happened. I decided that since the beige book didn’t move the market, I’d call it a day and wait for more earnings reports to get things going tomorrow. I returned to my desk near the close to see that I’d missed a dream move to the short side.

One of the things I traded in sim was Dec crude, taking a long position @ 79.11 using a buy stop above resistance. Sold much later in the day @ 81.76 when the trend (which was truly, truly, truly my friend) looked tired finally. That was a nice $2650 gain, but IB as usual won't let me transfer it to my live account. :confused:
 

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Well Nod, need i or anyone else say more about focusing on a single particular instrument at this stage in your trading? I believe you will do MUCH BETTER if you picked "ONE" and milked it for all it is worth. Be it crude, ES, pork bellies or IBM. Just kidding about pork bellies. :)

I had 8 1/2 handles in the bag before 1150 est today and guess what i did? I went out to lunch and came back and said this so far has been a pivot trade day. Pivot point was 1090.25 and R1 was 1098.25..........the early high was 1098.50 and got nose bleed. It showed one of those 2 bar reversals i have in the tool shed. The reversal never showed much so i got flat and went to lunch. I was quite satisfied with the early wins.

Came back and decided to trade so went short at 192.50 looking for a drop back to the LINE at 1087.x. Took some heat up to 1095.75. that had my finger on top of the mouse ready to lunch the trade at 96.50.... a whole handle above my max lunch point. (we all cheat now and then, ha) price dropped down to 1091.25 and i was feeling better at that point. Then another "aHH, craP!!! Price went back up to 1094.75 and again i was ready to smack the mouse but waited. I then saw the next few bars NOT go above that 1094.75 so did what i do now and then..........i doubled down to just get even. BOOM, DOUBLE BOOM!!! price fell out of bed and katy did not come to bar the door..............i got out at 1087.x on the double down. :) I relooked at the pivot point for S1 and it was 1081.25. I have better odds on bigger moves with p points because they flat work better on big moves. I believe they work better on big moves because the other roadmaps are useless in big moves. I reshorted a regular lot at 1088 and smacked down another 6 handles as i quit at 1082.00. more was to come but i let it be because i was well satisfied.

Would you believe i then when flat relooked at where S2 was and it was at 1073.25. HOLY COW!!! as Harry Carey of the Cubs would say....................' It MIGHT BE, IT COULD BE.........IT IS!!! Price went down to 1072.50 and that was S2 and the low. Who said pivot points are useless?

It was quite a day.

I do not like to brag, just wanted to show you the power of watching a single toy. :)

You are close...........a couple corrections and ............ :cool:

PS: that was all on 7 trades. :)
 
Hog, awesome work! I've "cheated" in sim a few times, averaging down, or moving my stop a bit when the price action got "that look" to it. Interestingly, it's always worked out, but I have difficulty doing that live because of getting burned in the past.

OK, I need to pound my head against my desk just a few more times to erase the fact that I SCRATCHED A 1092.50 ES SHORT TRAILING A 1 PT STOP NOT VERY LONG BEFORE IT CRASHED 20 PTS!!!

(Sorry, HANDLES!!!) :mad:
 
HA. try to think of it this way. The Dow is quoted in points because there are no fractions.

Crude oil or stock index which have fractions of a whole are quoted with the handle and the fraction..

Example: Dow is at 9,231
Crude is quoted in cents of a handle, the handle being the whole dollar amount = 79.27 a barrel. The trader is expected to know what the handle is, which is 9

ES is 1085.50............. the handle is 5............ so a whole handle is 4 ticks of the fraction to make a whole.

Sounds elementary but the point is that a "POINT" is a whole without a fraction and a handle is the nearest whole number.

Ok, time to watch the ball game. The Dodgers are letting mw down so far. BUMMER!!!! Coime on Dodgers.
 
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