tampa's "short skirt" trades...

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"changed the background color of my charts"

hahahaha~ :) thanks for the flashback... i remember doing that shit too... what color did you settle on? i first started making consistent dollars with green back ground (qcharts - try it, it's nice!)

i must admit, after only reading this journal cos "short skirts" caught my eye, i now have a morbid fascination with it.

tampa you're certainly one of the more unique (pardon the grammar) characters on ET... and i get a hearty laugh almost every time i read of your latest escapades...

how many contracts are we trading today? seven, eight?

ps - throw up some Donchian channels too... maybe you could work out a divergence system between them and the Keltners..lol.
oh, hows about a 6-8 different MAs too? choose some nice colors and you'll get a rainbow effect. (also help obscure the actual price, so maybe you'll hold on a little longer by default):)

 
Tampa,

In light of all the pressure you and others seem to be putting on yourself, I searched out a very nice quote from a true professional trader, Seanote on his psychology regarding posting a real-time journal.

http://www.elitetrader.com/vb/showthread.php?s=&postid=50608#post50608


My daily ROI is slight higher than average since I started posting on this board but not by much. I don't feel any pressure posting my RT trades on the board for a few reasons: I've been doing this for 6 years and understand the highs and lows that have and will happen which have a direct affect on me and no one else. I'm just providing my perspective on the market and how I trade. If I have a bad trade that only affects my pocket book which is the only "pressure" that I feel. I'm at a point now that I am much more relaxed and able to see the big picture so each time a stock gaps away from me I don't get whipsawed out and close my position in fear which has improved my returns 10-fold. I've worked in the Direct Access business for 3 years now and have seen traders and clients put so much emphasis on their last trade that a bad morning will cloud their judgement and cause multiple losses like a domino effect. If I started this thread a year ago for example and my first 5 trading day posts were all losers then I would have no credibility with the board. That is the psyche of most traders unfortunately. I'm sure I will hit a loosing week in the near future but the trick is risk management. During your loosing streaks don't be stubborn and continue to hold. Minimize your losses and let your profits run. I'm not talking about home runs either. Stops and target prices are very important to stick to.
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Before we get down to the particulars of the day’s trading adventures, I have had a number of requests concerning the new chart background color. I had previously used black, with light gray price bars. The new background is cyan; however, I am still experimenting with the actual bars. Brown seems to be the best option, but clashes with the red Keltner Bands. So at this point, I am still in a state of flux, but should have a final determination before the closing bell.

Ding, Ding, Ding...

Well, talk about a gap!

9:55 seemed to offer a setup around 868, but with prices gapping right in to the 50 day EMA, plus an extreme TICK reading, I decided to wait for cooler heads to prevail. The market moved several points higher, without me.

I changed the color of the Keltner Bands to blue on the three-minute chart, and decreased the thickness from 2 down to 1.

(No doubt some of you think that I am kidding – but I’m not)

C-Wiz, did I do the right thing? Not with the colors, but with letting the 9:55 trade go?

hmmm, speaking of the Keltner Channel – it’s a new feature in my charting program, and there seems to be a bug. Every few minutes, the chart goes bonkers, and I have to refresh it to get things back to normal.

Somewhere deep in the crevices of what serves as my mind, I seem to remember my dear sweet mother saying: Be careful what you ask for.

Earlier I asked for cooler heads to prevail. They are now so prevalent that we have entered a narrow trading range that offers no real opportunities.

On top of that, the problem with the Keltner Bands was so annoying, that I have replaced them with a yellow trading channel that comes with my software. The parameters are apparently proprietary, as there is no documentation provided. However, the study color, and line thickness are changeable, and it makes a fine edition to my workspace.

Well this market is starting to really aggravate me. More and more of late the damn European traders have all the fun running prices up and down while I am still asleep. By the time trading officially begins, it’s hopeless! Add to that the fact that this cyan background is very hard on my eyes. So I am going to post this now, and await the afternoon play. It will also give me a chance to find a more pleasing background color for the charts. I am thinking of setting up a different hue for each time frame – that should be way cool, if I can come up with the right pallet.
 
Originally posted by TriPack
Tampa,

In light of all the pressure you and others seem to be putting on yourself, I searched out a very nice quote from a true professional trader, Seanote on his psychology regarding posting a real-time journal.

http://www.elitetrader.com/vb/showthread.php?s=&postid=50608#post50608
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I noticed that toward the end of the post,Mister Note speaks of credibility with his readers. Perhaps I was out that day, but since when has credibility been required on this board?
 
Originally posted by easyrider
I think its important that your ma's are the correct color also. I cant tell you what they are tho as it is proprietary.
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I am sorry to have to say this, but you sir, are nothing more than a common tease!

So much for: Traders helping traders - huh?
 
Originally posted by daniel_m
"changed the background color of my charts"


how many contracts are we trading today? seven, eight?
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With no losses yesterday, and the confidence that that brings, I have upped my lot size to 17.

I've always liked the number, and since I have yet to make a trade, it has not been a problem with the margin department.
 
...oh crap. While I was posting my mid-morning update, a grail set up on the three-minute chart at about 11:00. It worked out quite well.

Now technically I am not trading that pattern, but I really don’t want to offend you know who, even if she still insists that she isn’t following this thread.

But profitable trades are just around the bend – I can feel it in my bones!

...gloom, despair, and agony on me
deep dark depression, excessive misery
if it weren’t for bad luck, I’d have no luck at all
gloom, despair, and agony on me

A slow, low volume drift up to the 60 day EMA has begun. But even with the new background colors, it ain’t my thing – ya know what I mean?

But my bones still ache – hmmm, I guess it could be the bursitis acting up again.

My gut instinct tells me that there will be a “profit taking” sell-off near the close. But there will be hell to pay with certain ET’ers if I short with the trin under 50 (sigh).

So me thinks it best to pack it in, and do something about those aching bones.

(like reaquaint myself with an old friend – an old friend named Jack, from Tennessee)
 
Originally posted by tampa
...oh crap. While I was posting my mid-morning update, a grail set up on the three-minute chart at about 11:00. It worked out quite well.

Now technically I am not trading that pattern, but I really don’t want to offend you know who, even if she still insists that she isn’t following this thread.

But profitable trades are just around the bend – I can feel it in my bones!

...gloom, despair, and agony on me
deep dark depression, excessive misery
if it weren’t for bad luck, I’d have no luck at all
gloom, despair, and agony on me

A slow, low volume drift up to the 60 day EMA has begun. But even with the new background colors, it ain’t my thing – ya know what I mean?

But my bones still ache – hmmm, I guess it could be the bursitis acting up again.

My gut instinct tells me that there will be a “profit taking” sell-off near the close. But there will be hell to pay with certain ET’ers if I short with the trin under 50 (sigh).

So me thinks it best to pack it in, and do something about those aching bones.

(like reaquaint myself with an old friend – an old friend named Jack, from Tennessee)
More...

I dont really think there was much of anything today. If you look at the intraday action is was just neurotic. There were not really any clear patterns on any of the timeframes that I watch. The best course of action was none IMHO.

Brandon
 
Originally posted by Brandonf


I dont really think there was much of anything today. If you look at the intraday action is was just neurotic. There were not really any clear patterns on any of the timeframes that I watch. The best course of action was none IMHO.

Brandon
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I suppose - but I had such high hopes with the new background colors.

...darn-it
 
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