You Name It... The Models Time It..

Maverick74 · Dec 11, 2013

Quote from drownpruf:

C'mon now. And you can drop the condescension. I started undergrad on my 16th b-day and graduated in 2 1/2 years. Max SAT, GRE and MCAT.

You stated your bull-position (sym triangle) in reference to his short. The implication is that you disagree with his assessment. Then I came by and mentioned I was short due to breadth and you recanted, stating this was only for daytraders, no position.

Then the budget news hit the tape and you came back to mention that longs were in the green. So much for the daytrade.

So the symmetrical triangle looks like shit, no harm done.

Yeah that's how I interpreted it as well. LOL. Let's try this nodoji, give us your assessment right here at 1788 on the spoos. Give us your "daytrade" and swing prediction. Go ahead and time stamp it here for the record.

tradingjournals · Dec 11, 2013

Quote from tradingjournals:

QQQ at 86.68. Model xx . Short size 1/4.

By the time I posted this, it ran away 3 cents already.

QQQ @ 86.42. +0.23 or 26, depending how you calculate. Drawdown 0.03. RR: +8.ish

NoDoji · Dec 11, 2013

Quote from drownpruf:

C'mon now. And you can drop the condescension. I started undergrad on my 16th b-day and graduated in 2 1/2 years. Max SAT, GRE and MCAT.

I'm sure you did.

Again, because you seem so certain that I called a trade:

TJ asked why people were buying at that time and I gave TJ a technical explanation.

I wasn't arguing with his personal short position, nor was I trading the QQQ's or the NQ's. The dozen or so people on ET who know my trading method would know that had I bought the breakout at 3pm yesterday, I'd have scratched the trade on the failure to break out of the range.

drownpruf · Dec 11, 2013

Quote from NoDoji:

I'm sure you did.

Again, because you seem so certain that I called a trade:

TJ asked why people were buying at that time and I gave TJ a technical explanation.

I wasn't arguing with his personal short position, nor was I trading the QQQ's or the NQ's. The dozen or so people on ET who know my trading method would know that had I bought the breakout at 3pm yesterday, I'd have scratched the trade on the failure to break out of the range.

I don't want to belabor it. You referred to the trade in the 3rd person, so you is we, fine. I don't follow your posts on threads in which I don't participate, and I am sure the same goes for you.

The problem is that your "daytrade" logic continued into the AH-session when the budget news hit. Sorry, that's BS. That's an attempt to straddle, and that shit doesn't fly.

NoDoji · Dec 11, 2013

Quote from drownpruf:

I don't want to belabor it. You referred to the trade in the 3rd person, so you is we, fine. I don't follow your posts on threads in which I don't participate, and I am sure the same goes for you.

The problem is that your "daytrade" logic continued into the AH-session when the budget news hit. Sorry, that's BS. That's an attempt to straddle, and that shit doesn't fly.

I happened to look at NQ when I posted and was pointing out to TJ that a position taken at 3pm was profitable later in the evening, because TJ's post made it sound like it was dropping, which at that time it wasn't.

NoDoji · Dec 11, 2013

Here's my day trading logic:

Quote from NoDoji:

Day traders are flat into the close today; the triangle breakout had no fuel to break the intraday range.

And here's my explanation to the ever-confused TJ of why people were buying:

Quote from NoDoji:

I'm pretty sure that the majority of traders believe the NQ is going higher, and this belief causes them to buy. If you bought at 3pm today, you're currently profitable.

No trades called live or hypothetical

Maverick74 · Dec 11, 2013

Quote from NoDoji:

Here's my day trading logic:

And here's my explanation to the ever-confused TJ of why people were buying:

No trades called live or hypothetical [/QUOTE

Nodoji, give me your swing trade idea now with stop level. Pretty please...

bwolinsky · Dec 11, 2013

Quote from drownpruf:

Nice job, -30 on the day. Where's NoDoji with her bullish symmetrical triangle? I'd like to hear more, purely as a fade. Futs down, it was a daytrade. Futures up 4 later on budget news? It was a swing trade. Futures down 30? It's a daytrade.

I had reversed my long from 3317.25 to 3495.25 and shorted 3496.25 12/2. Still short.

tradingjournals · Dec 11, 2013

Nod: I liked your explanation, and I also understood with the evening news why price was doing what it was doing. One of the things I like about you is that you are generally objective and fair minded like me. There are some points here and there where you could be a bit more objective, but I do not think you do it on purpose. So I like your posts.

I find value in differing opinions and perspectives, as long as they are genuine. Markets in principle contain many opinions/views, and one might enrich one's views from learning about the views of others.

NoDoji · Dec 11, 2013

Quote from Maverick74:

Yeah that's how I interpreted it as well. LOL. Let's try this nodoji, give us your assessment right here at 1788 on the spoos. Give us your "daytrade" and swing prediction. Go ahead and time stamp it here for the record.

I already posted in ES journal this morning that if the 20day EMA broke (it was around 1792 at the time), the range low of 1777-ish was in play. At this point right now, as an intraday scalper, I'd be short with a stop at 1790. If swinging for the range low, I'd be short from earlier, wouldn't be initiating a swing position right here.