Pinkmans' technical analysis journal

Quote from pinkman:

i'm not sure where you're trying to nudge me.

you haven't offered a specific direction from what I can see?


regards.


This is your journal… and your journey

Where do you want to go?

=====================

Aside;

There are 3 aspects to trading.., which must all work in unison (and harmony)

The trader
The approach/ methodology
The tools


Imo the trader is the most important of these three

A common denominator among all successful traders is a mindset… that is unlike any mindset you’ll find in the “normal” world

In fact the mindset necessary to succeed in the “normal” will lead to certain failure in the trading world


As for the other two.., there are a million ways to make money trading… and there are a million tools one could use in doing so.

Though I do think it necessary to have a trading plan…, and to journal every aspect of one’s trading

But other than these two – the sky is the limit – unfortunately to many trader’s chagrin

You want to discuss mindset – we certainly can

You want to discuss tools or approaches/ methodologies – we certainly can


Like I said – this is your journal / journey – you lead – I’ll follow

=============================

Obligatory disclaimer;

I can’t guarantee you success – no one other than YOU can do that

I will give you specific answers where appropriate

I will also give you answers that are open ended / require you to come up with the specific answer(s)

Why you suppose that last one is…..

Because ultimately – you are all you’ll have to rely on – same as it is with the rest of us

Because – it is virtually impossible for two people to trade alike – you need your own way

Because you must trust yourself/ your method implicitly – and trade without thinking


If you’re open to that – we can talk – if not – no sense wasting your time…, or mine

=====================

My last thought;

Drop the lol(s)

Gives the impression you are not serious… and/or trying to cover up ignorance/ uncertainly / not knowing

We (traders) live/ trade/ thrive in the world of uncertainty / not knowing – may as well get comfortable with both straight up

And goes without saying – trading is serious business


RN
 
"A healthy strengthening bull market
is accompanied by a large number of stocks making moderate

upward advances in price.
A weakening bull market
is characterized by a small number of stocks making large

advances in price,
giving the false appearance that all is well."


The stock market trend is up.
SPX Weekly Divergence

http://britefire.wordpress.com/2013/09/01/distribution-stock-market-topping/spx-weekly-divergence/


The Bullish Percentage of SPX is down.
SPX Bullish Percentage

http://britefire.files.wordpress.com/2013/09/spx-bullish-percentage.jpg?w=1000


Stocks above their 50 Day Moving Average is down.
Stocks Above their 50 Day MA

http://britefire.wordpress.com/2013...-market-topping/stocks-above-their-50-day-ma/


Another high with another divergence may occur
but
TheEndIsNear

http://britefire.wordpress.com/2013/09/01/distribution-stock-market-topping/theendisnear/
 
Rough start to the week.
A few stop-outs on oil in a row and I'm down about $800.
Gap down overnight and a huge spike down, so I thought I'd trade with the trend, but all attempts at shorts have been stopped out.

Small winning trade on the ES
 
Annoying.
After losing confidence on the short side due to 4 stop-outs, it now decides to drop 60 ticks nice a fast without me on board, lol.
 
Day 11 = (-$794)

Various failed CL short entries. Price eventually tumbled once I'd given up trying to short it.

Hopefully better luck tomorrow.
 
Pinkman,

From what I see from the locations of entries and exits on many of the charts you posted you seem to know what you are doing. RN's commenting style is rather interesting however if it does provide actual value is up to each reader to decide. To me, with all due respect, not much, though his comments seem to sound good in general. Perhaps commenting on why your entry, stop, exit is not so good would count as "specific" and constructive, if he is so willing, in my humble opinion.

Best to your journal and trading,

OC
 
OK start to the day.
shorted ES a few hours ago near the high at 1648.
Looked like it was struggling to go higher and I took the short.
closed it for +3 ES points.

Also caught a few ticks on a cable trade.

Up around $300 so far this morning.
Need to go some to wipe out yesterdays losses though.
 
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