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  • #601
  • Apr 25, 2020 7:56am Apr 25, 2020 7:56am
Quoting 133usd
{quote} Ah no worries about your questions. Let me stay real humble here and say that my trading has plenty of flaws I could fill this entire page with my "system" (it's not a system at all lol).
Hey I'd really like to hear more about your approach. Don't know if that is okay in this thread, hope it is. For example, what Profit Targets do you have with your trades - flexible or always fixed? Do you enter with limit orders? and so on.
  • #602
  • Apr 25, 2020 8:23am Apr 25, 2020 8:23am
Quoting karuner
{quote} thanks.. i'm really an overtrader
I am struggling with this to date, kinda question of trade to live or live to trade. All my losing days were profitable first before tilt begins.
Going forward i want to limit myself with maximum 10 trades a day. 3 losing trades on a row in 5 min tf indicates either i am not in the sync or market is not in the right condition to exploit my edge.
Also i am about set loss limits with the help of broker. Sierra can set loss limits too.
on a postive roll...
  • #603
  • Apr 25, 2020 9:57am Apr 25, 2020 9:57am
Quoting Rmg
{quote} I am struggling with this to date, kinda question of trade to live or live to trade. All my losing days were profitable first before tilt begins. Going forward i want to limit myself with maximum 10 trades a day. 3 losing trades on a row in 5 min tf indicates either i am not in the sync or market is not in the right condition to exploit my edge.
this being in "in sync" is something to think about.
i believe everyone knows this, when you constantly reverse positions, but always seem to be in the wrong direction. long-short-long-short-.. accumulating losses. trading the noise.. barbwire.
so it would be interesting to get a clearer idea of what it means to be "in sync with the market". how to get there, how to know when you are and when you aren't. maybe how to know when it's impossible to become in sync..
  • #604
  • Apr 25, 2020 10:15am Apr 25, 2020 10:15am
Quoting karuner
{quote} this being in "in sync" is something to think about. i believe everyone knows this, when you constantly reverse positions, but always seem to be in the wrong direction. long-short-long-short-.. accumulating losses. trading the noise.. barbwire. so it would be interesting to get a clearer idea of what it means to be "in sync with the market". how to get there, how to know when you are and when you aren't. maybe how to know when it's impossible to become in sync..
Its impossible to know in advance when you're not in sync until the losses accumulated. That's where loss limits saves us from destruction.
Usually this happens when we have a bias beforehand and market does the opposite, not able to cope with it instead forcing our will on to it.
Yesterday I mentioned here about the weekly bearish close but the intra day reversal did occurred at the same time and closed higher.
I believe the market speaks to us in a subtle way, once we spent years of watching it closely as a student.
on a postive roll...
  • #605
  • Apr 26, 2020 9:01am Apr 26, 2020 9:01am
Inserted Video
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  • #606
  • Apr 26, 2020 2:50pm Apr 26, 2020 2:50pm
https://podcasts.apple.com/us/podcas...=1000472694459
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  • #607
  • Apr 27, 2020 9:35am Apr 27, 2020 9:35am
what a chop, bucking tired already, one more long is at work and no more entries.
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  • #608
  • Apr 27, 2020 9:40am Apr 27, 2020 9:40am
Hello , volume traders out there , can anyone tell me whats happening now? or just just after the fact analysts?
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  • #609
  • Apr 27, 2020 10:02am Apr 27, 2020 10:02am
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  • #610
  • Apr 27, 2020 12:10pm Apr 27, 2020 12:10pm
Quoting Rmg
Hello , volume traders out there , can anyone tell me whats happening now? or just just after the fact analysts?

I traded open to the short side, exited at profit, re-entered a short, exited at loss at 9am to flip to the long side. Watch that big round number...
Sellers are just trying to absorb this, signature is there for sure. Neither side has won, so not much for me to say. This is a sub-prime area to trade right now so watch out. No huge sells or buys really, but market buy orders keep gunning it to test resistance...

If you trade this, it's almost "Flip a coin" conditions!
  • #611
  • Apr 27, 2020 12:20pm Apr 27, 2020 12:20pm
Quoting 133usd
{quote} I traded open to the short side, exited at profit, re-entered a short, exited at loss at 9am to flip to the long side. Watch that big round number... Sellers are just trying to absorb this, signature is there for sure. Neither side has won, so not much for me to say. This is a sub-prime area to trade right now so watch out. No huge sells or buys really, but market buy orders keep gunning it to test resistance... If you trade this, it's almost "Flip a coin" conditions!
No more trades, 5 trades max per session. Going to close higher but tomorrow is another day.
on a postive roll...
  • #612
  • Apr 27, 2020 12:25pm Apr 27, 2020 12:25pm
Quoting Rmg
{quote} No more trades, 5 trades max per session. Going to close higher but tomorrow is another day.
Rolling over now, all the stops will trigger.
on a postive roll...
  • #613
  • Apr 27, 2020 1:47pm Apr 27, 2020 1:47pm
Quoting Rmg
{quote} Rolling over now, all the stops will trigger.

You might get your downside roll if they pull crazy hour manipulation tactics. A big if though. I couldn't hold my longs beyond my target of 24,020.
  • #614
  • Apr 27, 2020 1:52pm Apr 27, 2020 1:52pm
Clocking out for the day!!!
Closed the longs slowly but probably too early, probably leaving money on the table here oh well.
Not the best day ever, not the worst. Considering how I got burned on my 2nd short? This is a FANTASTIC finish.

Nice market buy orders slinging by. A little absorbing going on but not much.

I just wanna hang out with my kid the rest of the day now!
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  • #615
  • Apr 28, 2020 2:59am Apr 28, 2020 2:59am
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  • #616
  • Apr 28, 2020 3:03am Apr 28, 2020 3:03am
FF Joke of the day:

"Single entity algo controls the market."

A good one liner for the next bond movie..
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  • #617
  • Apr 28, 2020 4:25am Apr 28, 2020 4:25am
Quoting Rmg
FF Joke of the day: "Single entity algo controls the market." A good one liner for the next bond movie..

Lol, the evil golden Algo!

I was just watching Bond last week. Woke up early and caught a small long just now for +$54 and exit.
Time to fire up the Algo heh
  • #618
  • Apr 28, 2020 4:30am Apr 28, 2020 4:30am
Quoting 133usd
{quote} Lol, the evil golden Algo! I was just watching Bond last week. Woke up early and caught a small long just now for +$54 and exit. Time to fire up the Algo heh
Go get some sleep man, you will get your pie later.
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  • #619
  • Apr 28, 2020 4:35am Apr 28, 2020 4:35am
Quoting Rmg
{quote} Go get some sleep man, you will get your pie later.
When I saw 100 points net p/l, turned off the pc back to bed. But 2 little cfd scouts at working those longs.
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  • #620
  • Apr 28, 2020 8:17am Apr 28, 2020 8:17am
over night gap is 400+points. how far the gap will close, nearest big levels are LW high 24200
Y high 24100. get ready.
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