tampa's "short skirt" trades...

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Originally posted by tampa
Well, in the process I suddenly saw what she was talking about when referring to “impulse” moves. As I understand it, the trick to the short skirt entry on a one-minute chart is taking pullbacks during an “impulse move”.

Two winning days in a row
This looks like the real McCoy. I would immediately ramp up to 10 lots.
 
Originally posted by tampa

As for the pithy commentary – it will return. I just can’t/won’t say when – I love a good tease, don’t you?

Yes I do, especially in a short skirt.
 
10:11 So like I’m just sitting here waiting – waiting for one of the already mentioned “impulse” moves. Of course it’s a drag, but I have convinced myself that it is best to wait.

10:31 The waiting continues. I pass the time by browsing margo trader’s journal. Have you ever noticed that she trades just like a girl? Her journal is so... so neat and orderly. Nice little lines and doohickeys here there and everywhere. A place for everything and everything in it’s place – yuck! And it’s all planned out: “If A happens, I’m going to do B”. What fun is that? No spirit of adventure. No element of surprise. GIRLS! Who can figure them out?

I mean like she will never know what trading is all about. Putting on a position that you just know is wrong. Expecting to lose your butt. Fully expecting to be dumped, bloodied and bruised, along the Road To Riches, only to have the market turn and hand you a little bit of a profit. Yes sir, that’s trading.

But the waiting continues. I am sure that I am doing what is in my best interest. The elusive “impulse move” is nowhere to be found.

11:00 I’m still waiting. Maybe something will develp this afternoon.
 
01:23 “Good things come to those who wait.” That’s what my Mom always said, (along with something about going blind) and my Mom wouldn’t lie. So I am still waiting.

Since I have nothing better to do, I ran a search on ET for ”snake oil”. Got 2,659,887 “hits”. Reading through them all will certainly give me something to do now.

01:47 About a third of the way through the search results, I realize that virtually every thread ever started on the board contains a snake oil warning.

I could use some of that oil to rub on my ass, as sores are starting to develop as I sit here still waiting for the elusive “impulse” move.

02:01 Sld @892 ¼ Reading through the search results is interrupted with the long awaited impulse move. After giving 6 ticks of profit, a retracement back to the entry stops me out at BE.

02:34 Sld @889 1/4 So much for the “impulse”. Near despondency, I enter a new ET search for ”newbie needs help”, only to be interrupted yet again. It’s another head-fake, but this time I manage to grab a 1/2 point profit. Meanwhile, my CPU is starting to belch smoke as the new search continues.

My hatred of losses has cost me dearly – both trades would have met my three-point objective, with minimal heat. But how was I to know that? I’ve been such a good boy in waiting for the right situation to set up, don’t I deserve some credit?

The Keltner Channels have been a remarkably good aid in helping me to understand when to look for short skirt setups. But my reward for being only kind of good is puny by any standards.

Sensing that the pulse is weakening on this impulse move, and wanting to preserve my unprecedented third consecutive winning session, I am just about to pack it in when...

03:04 Sld @883 ¼ So near, yet so far away, I settle for a gain of +1 ¾ points.

While there could still be one more push to the downside, I decide to pack it in for real this time.

3 RT / +2 ¼ Points
2 Winners / 1 BE
 
Originally posted by tampa
Since I have nothing better to do, I ran a search on ET for ”snake oil”. Got 2,659,887 “hits”. Reading through them all will certainly give me something to do now.

I only got 184. :)
 
Originally posted by Mr Subliminal
Third consecutive winning day - how many more do you need before ramping up to 10 contracts?

What kind of a fool do you take me for?

I think that 7, perhaps 8 would be prudent, but 10 can wait for five winners in a row.
 
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