Technical Strategy

[ehorn]

Quote from Neoxx:

Absolutely. But then again, there's also Trader E, who just trades the long channel diagonal (1 trade) for ~1xATR....

Well (again for posterities sake) there is a difference between a channel and a traverse (on the 5 minute fractal). Perhaps it is just semantics. But for the 5 minute fractal, the trader you describe might have entered short @ bar 42 on 12/11/2008 (PT1 of the down channel with PT3 of this channel occuring @ bar 81 on 12/12/2008) and would still be holding short until sometime early on tomorrow, when price BO's the RTL on IBV (the anticipation thing).

P.S. I meant no offence (or hidden meaning) regarding the RHR comment (it was a poor attempt at humor). We have already discussed my current lack of fitness so I am in no position to speak.

 

[Neoxx]

Quote from Jack Hershey

This level of trading approximates the advanced beginner level where traverses of channels are traded using a reversal orientation at FTT.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223217>

 

[Neoxx]

Health and Fitness

Great workout on the water-rower, 30 minutes with warm-up and warm-down. Plan is alt days for 2/52, then daily for 2/52, switching it up with alt day intervals, then mixing in running. Weekly massage wouldn't go amiss either.

 

[Neoxx]

Preflight

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223244>

 

[Neoxx]

1

Lateral retrace underway, awaiting P3 of long traverse.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223426>

 

[Neoxx]

Upped the difficulty to Medium. Will post a session summary every time the score maxes out.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223427>

 

[Neoxx]

A sharper look.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223469>

 

[Neoxx]

Got that glycogen-depleted feeling. Gonna have an early lunch.

The heavy machinery next door (which over the past six months has transformed from a residential building to a construction site) is particularly noisy today.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223492>

 

[Neoxx]

That lateral definitely overstayed it's welcome...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223518>

 

[Neoxx]

Started the lateral on the wrong bar...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223586>