I posted this during the am as a realtime narrative:
09:45est centering @1001 bracket in @ 1002.1
stall
dip
Failure
FBP
Reverse on BO down 1006.2
s 1006.2 ts 5 min 4 bars back @ H val + 1 tick.
go to tape on 5 min then 15 min
exit as "continuation"
mkt exit 997.2
enter L 998.1 @ 11:31
wash 999.0
I can see from the comments by others it was not easy to follow.
so the details are:
I trade by entering after sync with a bracket.. The bracket is based on the centering of the sync. Centering value for me was 1001.0
ovr night the market moved and nitro took on a 90's trade. That overnight stuff, was visible and let us know the open would show as a gap for market hours on the ES. I commented that It would be fun to go through the 1000 today before the open.
the long side of my bracket was 1002.1 where I used the centering of 10001.0. nitro spells out the quarters in his post on ES. I do not I just list the number of quarters. .0 is none, .1 is .25 and .2 is .50 .3 is .75.
I suggested elaswhere before the open that the market was in "change" for the open. This means I use a reversal strategy instead of just no linkage between trades as entry/ exit trades.
However my bracket on "change" status takes me in I am going to reserse out and see if I can get to a trend where I trade "continuation". I know this is not for everyone and I do expect the type of stuff I get from TM, sim, okiwon, pruity etc. Usually i do not trade real time but today I thought sim might (I was wrong) and I thought he would post a chart or graph. (he didn't)
Under "change" I log formations from the 1 min. There were two prior to the reversal: a stall (full box) and a dip. They were 5 min plus. This is fast pace market lingo. By seeing this and noting my stop log. I am sort of prepared to ace the eversal and ride it into a "continuation" type market operating point.
I posted a chart of this phase un annotated cause i was posting in real time. See below
After the dip we get into flaws. I noted that I was in a failure modus.
Thr formation that emerged was a FBP. This is nice because I want to reverse out of a long. If there was no failure ,etc, then I would be a little flakey. Flakey means that the market is sort of loose and noisey. not a problem but it is a setting where you look for clues harder.
FBP lets me know I just have to wait for it to end and at market reverse. Double contracts and just roll.
you will feel good during this interval. Wrapping up profits. Being in the groove. and seeing that you will be nailing a trend in continuation mode. Thr fact is that you see the morning is playing out with two trades and there will be an exit.
So 1006.2 is the deal it turns out. Out with profit and in short.
There is a trend
"continuation dictates an exit.
I am out at 997.2.
as the time passes I do my thing. My picture is that the 1000 value is there out in front of me. While it's midday so to speak and I am cycling through dumping tons of equities for going to cash for 3 weeks I still am looking at taking cash as intrady peaks of a bunch of stuff. I am not perfectly neutrally biased.
at 11:31 I go L price turns out to be 998.1
one VDU
no slalom room.
exit as a wash price turns out to be 999.0
I didn't go through 1000 as a long. And I had to go to work pronto cause the fade has started on equities which I am leaving.
nitro apparently has a chat group for classy people like simtrader etc.
I am sorry we missed sim's trade today but he found a BO and made 4 points with it before 10:15 he says. I hope he does a chart.
I think I got 4 points for 200 bucks/contract.
You can say this isn't what I told beginners Ice bergers of occassional slalomers. But some of you that I am in touch with should find this as familiar.
There is no reason while most people can't move into this operating mode easily. The reason we spend all the prep time to get there is because you need to get to an even keel mentally and emotionally before you groove as an expert. Making easy money gets you there.
any beginner can do better than simtrader. The simple reason is that you are not overwrought and emotionally shot. You are just using one chart. A couple of indicator signals and not comparing apples and oranges from several continents.
Several have said that beginners ar right on the brink of doing reversals into new trends forming. They let a big cat out of the bag. to get there i had to make very very very sure I have put the cure in for early exits or they wind up scared shitless like simtrader is.
Look at bobcathy after vacation posts. If I do not cure the crap caused by fear and manifesting as early exits, you cannot do reversals. What happens with reversals is that you more than double your daily performance. If you are not emotionally up beat and collected, you are screwed.
Some people here are going through having to quit and drop out because they cannot afford either not making support money or they are broke. This absurd self induced perssure is a mess to deal with. Read the bravado closely to see the level of confidence that is lacking. Empathy doesn't cut it.
Once we move through two or three doubling of improvement in money velocity, then we will pick up the pace by going to a KISS level operation.
I will be away in Wash DC, VA , PA, NY, RPI reunion, Tanglewood opening and back to eastern LI. up through the 20th.
We are going to be really ploughing furrows after labor day. please get the myths out of your operations.
09:45est centering @1001 bracket in @ 1002.1
stall
dip
Failure
FBP
Reverse on BO down 1006.2
s 1006.2 ts 5 min 4 bars back @ H val + 1 tick.
go to tape on 5 min then 15 min
exit as "continuation"
mkt exit 997.2
enter L 998.1 @ 11:31
wash 999.0
I can see from the comments by others it was not easy to follow.
so the details are:
I trade by entering after sync with a bracket.. The bracket is based on the centering of the sync. Centering value for me was 1001.0
ovr night the market moved and nitro took on a 90's trade. That overnight stuff, was visible and let us know the open would show as a gap for market hours on the ES. I commented that It would be fun to go through the 1000 today before the open.
the long side of my bracket was 1002.1 where I used the centering of 10001.0. nitro spells out the quarters in his post on ES. I do not I just list the number of quarters. .0 is none, .1 is .25 and .2 is .50 .3 is .75.
I suggested elaswhere before the open that the market was in "change" for the open. This means I use a reversal strategy instead of just no linkage between trades as entry/ exit trades.
However my bracket on "change" status takes me in I am going to reserse out and see if I can get to a trend where I trade "continuation". I know this is not for everyone and I do expect the type of stuff I get from TM, sim, okiwon, pruity etc. Usually i do not trade real time but today I thought sim might (I was wrong) and I thought he would post a chart or graph. (he didn't)
Under "change" I log formations from the 1 min. There were two prior to the reversal: a stall (full box) and a dip. They were 5 min plus. This is fast pace market lingo. By seeing this and noting my stop log. I am sort of prepared to ace the eversal and ride it into a "continuation" type market operating point.
I posted a chart of this phase un annotated cause i was posting in real time. See below
After the dip we get into flaws. I noted that I was in a failure modus.
Thr formation that emerged was a FBP. This is nice because I want to reverse out of a long. If there was no failure ,etc, then I would be a little flakey. Flakey means that the market is sort of loose and noisey. not a problem but it is a setting where you look for clues harder.
FBP lets me know I just have to wait for it to end and at market reverse. Double contracts and just roll.
you will feel good during this interval. Wrapping up profits. Being in the groove. and seeing that you will be nailing a trend in continuation mode. Thr fact is that you see the morning is playing out with two trades and there will be an exit.
So 1006.2 is the deal it turns out. Out with profit and in short.
There is a trend
"continuation dictates an exit.
I am out at 997.2.
as the time passes I do my thing. My picture is that the 1000 value is there out in front of me. While it's midday so to speak and I am cycling through dumping tons of equities for going to cash for 3 weeks I still am looking at taking cash as intrady peaks of a bunch of stuff. I am not perfectly neutrally biased.
at 11:31 I go L price turns out to be 998.1
one VDU
no slalom room.
exit as a wash price turns out to be 999.0
I didn't go through 1000 as a long. And I had to go to work pronto cause the fade has started on equities which I am leaving.
nitro apparently has a chat group for classy people like simtrader etc.
I am sorry we missed sim's trade today but he found a BO and made 4 points with it before 10:15 he says. I hope he does a chart.
I think I got 4 points for 200 bucks/contract.
You can say this isn't what I told beginners Ice bergers of occassional slalomers. But some of you that I am in touch with should find this as familiar.
There is no reason while most people can't move into this operating mode easily. The reason we spend all the prep time to get there is because you need to get to an even keel mentally and emotionally before you groove as an expert. Making easy money gets you there.
any beginner can do better than simtrader. The simple reason is that you are not overwrought and emotionally shot. You are just using one chart. A couple of indicator signals and not comparing apples and oranges from several continents.
Several have said that beginners ar right on the brink of doing reversals into new trends forming. They let a big cat out of the bag. to get there i had to make very very very sure I have put the cure in for early exits or they wind up scared shitless like simtrader is.
Look at bobcathy after vacation posts. If I do not cure the crap caused by fear and manifesting as early exits, you cannot do reversals. What happens with reversals is that you more than double your daily performance. If you are not emotionally up beat and collected, you are screwed.
Some people here are going through having to quit and drop out because they cannot afford either not making support money or they are broke. This absurd self induced perssure is a mess to deal with. Read the bravado closely to see the level of confidence that is lacking. Empathy doesn't cut it.
Once we move through two or three doubling of improvement in money velocity, then we will pick up the pace by going to a KISS level operation.
I will be away in Wash DC, VA , PA, NY, RPI reunion, Tanglewood opening and back to eastern LI. up through the 20th.
We are going to be really ploughing furrows after labor day. please get the myths out of your operations.
When the midday is bad i am also less inclined to take afternoon rockets due to the fact that i have to make up losses from the midday. although a lot of great rockets occur in the afternoon. i did notice though that the end of afternoon long uptrend ended on volume dry up at 2:25.