Question for Grob/Hershey...

[aweissen]

Thanks so much for posting those Icarus!

I believe that is correct. I have downloaded all the documents from MSN and leafed through them and it seems I've got everything from MSN for the channel stuff.

Regards
Anthony

 

[txuk]

Another postitive AM followed by a nightmare PM. Was +5 by bar 35 and back to zero by 64 -- should have started the weekend early. Reversed my position five times today with mixed success -- this will take getting used to (not the source of my PM problems). Just completed a quick debrief but I will look closely at my AM vs PM trades this weekend. Couldn't bear posting my TD.

+0.50

 

[hypostomus]

Your misfortunes were caused not only by SCT, but by the fact that the markets perversely ignored oil all day except for two brief ten minute periods.

 

[txuk]

My misfortune is the result of not recognizing that I was trading when the market was operating outside my level of skill to extract from it. Example, my biggest loss of the day came from holding short into a pennant (bars 37 to 41). I was prepared to reverse if the BO was to the long side, but when the BO came I paused looking for confirmation that it wasn't false and I got behind the herd. My market order filled at -1.75. In hindsight it would have worked out better had I taken profits and re-entered on the BO by bracketing the pennant.

 

[hypostomus]

Forgive my digression, but it is a quiet day on this esteemed thread, and I can have a little fun without distracting anyone from the grail quest. Your mention of bracketing BO's reminds me that I tested that (a trivial amount of code) back in my Jackulatory days, and found that it has negative expectancy including commission and slippage. But it always looks really great when it works, and so we forgive and forget when it doesn't.

 

[Dantheman]

tx, just trade the first upcoming RtoL traverse that you SEE is coming...then practice reversing and holding for the LtoR...(and washing if no good on either count).



posing a chart with your exact entries and exits might be helpful for you too if others offer intelligent critique.

 

[mgin]

txuk, for me the possibility of overlap came more into view than a resumption so I was more tuned to that during monitoring. the lateral (5m pennant) turned out to be the 2nd price rotation of the next 5m trend (which was inside the overlap of the prior trend) so not anticipating this possibility while monitoring puts us two or more profit takings behind the beat, not to mention, being hesitant reversing on the BO. (Consider that 45 mins prior to the BO, smart money was ready to go long). Seeing the new RTL of the next trend sitting there for 2 price rotations (RTL+LTR) would've had you reversing without the hesitation I'm sure. The BO started what turned out to be another 2 more price rotations off the new RTL (4 profit takings) and seeing the vol on the BO is nothing but reassuring and pure mental healthiness for what we're trying to learn and accomplish here. We're trying to partner with the market and this was the market partnering back with you and rewarding you for being THERE. In summary, I think your debrief is right on. Sidelining would've provided the mental/financial protection you needed at the time. What this post is, is just another set of considerations from a fellow peer who has NOT got it all together yet but just happened to be THERE at the time in question.

my attachments:
I'm a little handicapped on the 5m chart. I use the 15s YM and 30s ES charts for PRV and at some point started annotating the 5m traverses on them. I'm not very good at observing bar ends on a 5m so I compensate by doing so on the smaller fractal but I calibrate their activity with the 5m to prevent hyperness..I think it works well for now until I get better on the 5m. Attached you find my stuff for Friday. A set of illegal hershey charts and my trades for the day (wash practice and test trades), or at least what I can trade in between conference calls, meetings with vendors, system upgrades, etc. Welcome any critiques or other sharings.

 

[mgin]

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[mgin]

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[mgin]

back from dinner...here's my sloppy but legal 5m and 2m Friday charts for continuity's sake... one of my next goals is to kick it up a notch on my 2m/5m annotations and track everything on a detailed TD and bring everything together in one place to make it easier to debrief.