Osorico's cookbook of YuMmys
- Thread starter osorico
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Man, I am so pissed. Wanted to put in a full day. But alas, I've got a reverse half day going ... didn't get going until around 10 MST. Just in time to watch the HOD be made 
.
Anyway, I've got 1 short under the belt thus far. +$70.. whippy twang. But I wanted to rant about the current up-draft. Some of the worst price action grinding up that I can recall. This usually portends significant reverse (in this case down) price action. As Im posting I see a 61% fib retrace of the move just occurred within 5 minutes. Bottom-line, a break below 128 should generate a fairly big move down. Could be an interesting final hour.
.Anyway, I've got 1 short under the belt thus far. +$70.. whippy twang. But I wanted to rant about the current up-draft. Some of the worst price action grinding up that I can recall. This usually portends significant reverse (in this case down) price action. As Im posting I see a 61% fib retrace of the move just occurred within 5 minutes. Bottom-line, a break below 128 should generate a fairly big move down. Could be an interesting final hour.
Friday 3/10/06
Day start approx 10AM MST, til close.
6 trades, 1 long, 5 short
6 contracts
PnL NET 156.6
1 short loser -35, 1 short BE
Big action in the final hour. But very difficult to maximize on for me. 2m bars had 12+ ranges making for difficult holds. The 1 long trade was also scalp.
As I posted earlier, I mentioned the awful price action on the mid day up-draft. Doesn't occur often but it does occur. This indeed portended significant, 50 YM pts, (and swift) reverse action. Its like this high-probablity play that my system notices but doesn't report. I'll be looking at the code this weekend... maybe it's time for a tweak.
Day start approx 10AM MST, til close.
6 trades, 1 long, 5 short
6 contracts
PnL NET 156.6
1 short loser -35, 1 short BE
Big action in the final hour. But very difficult to maximize on for me. 2m bars had 12+ ranges making for difficult holds. The 1 long trade was also scalp.
As I posted earlier, I mentioned the awful price action on the mid day up-draft. Doesn't occur often but it does occur. This indeed portended significant, 50 YM pts, (and swift) reverse action. Its like this high-probablity play that my system notices but doesn't report. I'll be looking at the code this weekend... maybe it's time for a tweak.
Quote from porgie:
i AM TIRED OF GETTING WHIPPED BY THIS STUFF...........LOST 235 TODAY...........8 TRADES 3 CARS..........TOO MANY TRADES BUT THE 3 MINUTE CHART LOOKED GREAT JUST KEPT SHOWING IT TO ME AND TAKING MY CASH...........MAYBE A LONGER TERM CHART IS BETTER............
Longer term charts are better only if you e x p a n d your stop tolerance. :eek:
Quote from porgie:
i AM TIRED OF GETTING WHIPPED BY THIS STUFF...........LOST 235 TODAY...........8 TRADES 3 CARS..........TOO MANY TRADES BUT THE 3 MINUTE CHART LOOKED GREAT JUST KEPT SHOWING IT TO ME AND TAKING MY CASH...........MAYBE A LONGER TERM CHART IS BETTER............
I thought you had a 90% system ????
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