The Dawg Pound
- Thread starter dawg
- Start date
not much happening for me today...slow grind. spent alot of time going over last weeks trades, trying to reionforce the good and avoid the bad.
1. long rocket
11:30 s(86.21, 82.07) macd hist +.49 v: 21,055
long on break higher...was concerned about quick price/vol spike at 11:30 bar. 12:15 macd xo. 12:40 stochs leave zone and i exited....these slow trends are difficult for me...hard to get a handle on my trend channels.
long @ 878.00 11:43
sell @ 878.50 12:42 +.50
day: +.50 20 days: +33.50
2. long rocket
3:40 s(100.00, 94.71) macd hist +.45 v: 9,186
volume was picking up (for once) long on the break. closed at end of day. pretty simple, not much movement...felt i was getting in late in the trend.
long @ 883.50 3:45
sell@ 884.50 4:00
day: +1.50 20 days: +34.50
side note: felt good about avoiding the morning chop. was patientthe whole day...couldn't find much and didn't push it.
1. long rocket
11:30 s(86.21, 82.07) macd hist +.49 v: 21,055
long on break higher...was concerned about quick price/vol spike at 11:30 bar. 12:15 macd xo. 12:40 stochs leave zone and i exited....these slow trends are difficult for me...hard to get a handle on my trend channels.
long @ 878.00 11:43
sell @ 878.50 12:42 +.50
day: +.50 20 days: +33.50
2. long rocket
3:40 s(100.00, 94.71) macd hist +.45 v: 9,186
volume was picking up (for once) long on the break. closed at end of day. pretty simple, not much movement...felt i was getting in late in the trend.
long @ 883.50 3:45
sell@ 884.50 4:00
day: +1.50 20 days: +34.50
side note: felt good about avoiding the morning chop. was patientthe whole day...couldn't find much and didn't push it.
a pretty good example of where i struggle:
9:55 bearish engulf line after a short, strong trend move up...i got short on the break of the engulf candle (882.50)
10:10 reversal candle(up) on lower volume
i did not recognize this as a potential point 3 and also missed that this was at the bottom of the 15m trend channel that started yesterday...i was looking at the selloff/reversal side.
so i missed the 10:10 bar being pt 3 and the bottom of the trend channel...and while i exited my short at 883.50 for only a small 1pt loss....not seeing the point 3 potneital cost me some potneital gains.
nothing wrong with the short idea...maybe just need to reverse long from losing position after recognizing pt 3.
9:55 bearish engulf line after a short, strong trend move up...i got short on the break of the engulf candle (882.50)
10:10 reversal candle(up) on lower volume
i did not recognize this as a potential point 3 and also missed that this was at the bottom of the 15m trend channel that started yesterday...i was looking at the selloff/reversal side.
so i missed the 10:10 bar being pt 3 and the bottom of the trend channel...and while i exited my short at 883.50 for only a small 1pt loss....not seeing the point 3 potneital cost me some potneital gains.
nothing wrong with the short idea...maybe just need to reverse long from losing position after recognizing pt 3.
1. macd xo
9:45 macd xo after opening gap fails.
9:50 reversal candle
9:55-10:15 forms ranfe
exit when range breaks to upside
short @ 892.00
cover @ 892.75 -0.75
day: -.0.75 22 day: +32.75 (includes 1 -1.00 from early yest)
2. short rocket
10:40 s(2.78, 26.48) macd hist -.82
good movement right away and then sidways range developed, but stoch just barely blipped over 25 so stayed with trade....12:00 rev candle and s(28.57, 21.54) exited @ 884.25
short @ 887.75
cover @ 884.25 +3.50
day: +2.75 22 days: +36.25
3. short rocket
2:15 s(0.00, 5.56) macd -.48
broke low of day also and got short on that break.. 2:55 macd xo 3:05 broke my trend channel so i exited.
short @ 882.50
cover @ 880.50 +2.00
day: +4.75 22 days: +38.25
9:45 macd xo after opening gap fails.
9:50 reversal candle
9:55-10:15 forms ranfe
exit when range breaks to upside
short @ 892.00
cover @ 892.75 -0.75
day: -.0.75 22 day: +32.75 (includes 1 -1.00 from early yest)
2. short rocket
10:40 s(2.78, 26.48) macd hist -.82
good movement right away and then sidways range developed, but stoch just barely blipped over 25 so stayed with trade....12:00 rev candle and s(28.57, 21.54) exited @ 884.25
short @ 887.75
cover @ 884.25 +3.50
day: +2.75 22 days: +36.25
3. short rocket
2:15 s(0.00, 5.56) macd -.48
broke low of day also and got short on that break.. 2:55 macd xo 3:05 broke my trend channel so i exited.
short @ 882.50
cover @ 880.50 +2.00
day: +4.75 22 days: +38.25
i have been looking back at past days charts a lot and trying to get better recognition of slow trends....finally thought i spotted it correctly today anyways here is what i saw:
10:20 rocket signal that is also a reversal candle.
10:25-10:35 market slowly backs off, stochs leave rocket zone, macd xo but #s are very tiny, more like pretzeling
10:35 stoch reading of 50 fast line...got me thinking maybe a slow trend an it should halt around here and form a point 3. volume continues to get lighter.
10:50 bull flag formed, volume tapered off and the 10:50 bar is a low volume inside range bar..break of range would also trigger bull flag. volume on irb is 2,450 (lowest of day) high of bar was 881.75.
went long on break of irb at 882. and now had a slow trend channel to also work with.
they key for me was spotting the 50% stoch acompanied by lower volume and slower price action. after the 50% reading market formed an irb 2 bars later and broke up from bull flag to continue the current trend. also on break up of irb volume was 6,667 compared to 2,450 of inside bar.
anyways my 2 cents....maybe some progress on the slow trend recognition. hope this helps.
10:20 rocket signal that is also a reversal candle.
10:25-10:35 market slowly backs off, stochs leave rocket zone, macd xo but #s are very tiny, more like pretzeling
10:35 stoch reading of 50 fast line...got me thinking maybe a slow trend an it should halt around here and form a point 3. volume continues to get lighter.
10:50 bull flag formed, volume tapered off and the 10:50 bar is a low volume inside range bar..break of range would also trigger bull flag. volume on irb is 2,450 (lowest of day) high of bar was 881.75.
went long on break of irb at 882. and now had a slow trend channel to also work with.
they key for me was spotting the 50% stoch acompanied by lower volume and slower price action. after the 50% reading market formed an irb 2 bars later and broke up from bull flag to continue the current trend. also on break up of irb volume was 6,667 compared to 2,450 of inside bar.
anyways my 2 cents....maybe some progress on the slow trend recognition. hope this helps.