Dislikedanything specific ? I can at least give you my opinion.
the trick is being flexible even if we do have a feel for where were at in the trend.Ignored
Technical Analysis Fallacy
- #15,443
- Edited 1:26am May 18, 2010 1:13am | Edited 1:26am
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #15,444
- May 18, 2010 1:25am May 18, 2010 1:25am
First "dance"...
All were sells. As I think from the charts it still looks like a downtrend but I'm still trying to figure out a good way of reliably identifying the trend we are in...
Attachment
On the first leg down where I started and caught the resumption of the downtrend. I think I did alright but ofc didnt hold trades for very long and mainly "scalped" I suppose...
But the marked sell was stupid because you could see a little edge of support building and I pretty much let it keep bleeding me as the market ran away...
At battle all day, went to bed with Take Profit orders for my positions, some of them have hit in the morning and I closed all positions at 7:12 CET when I saw 5 min oversold. Entered spy-scout at 1.22833, closed all positions at 1.23224, 39 pips uphill. Booked 6.75% profit using 625 troops (troop size =equity*50/625), intraday DD was too high for comfort, considering increasing #troops to 1000. Skew was capped at level 9, 34 troops, which became the repeated raider of foreign capital.
Re-entered a spy and scout again at right of chart, this time I should remember to enter on a larger TF because of present 15 min trend ambiguity.
The point of this rolling square log uphill drill: when I find myself trading against a minor trend how do I pad my square log with foreign capital at the same time increase troop size stealthily keeping average price as close to current price as possible (within retrace range), so when the bulls flee I ride a sizable round log downhill (AOW Chapter 5 Energy). The ideal would be to keep the book in the black throughout uphill struggles, this is possible if the day starts with a down leg giving me foreign capital, but it’s tough when the day starts with an up leg such as yesterday. There was one similar blotter in the past which showed my foreign capital raided during up leg was 1/3 of DD, I am not there yet.
Rgs
Baifu
- #15,446
- May 18, 2010 6:19am May 18, 2010 6:19am
- Joined Feb 2008 | Status: Cartographer | 1,981 Posts
Deuso and Baifu...
your charts remind me of a computer games display.
or a board behind a circus stand where
people shoot bullets with a machine gun
trying to kill a rubber duck.
Can you sustain this level of intensity?
Can you avoid becoming overextended
and trapped within the adrenaline high?
I cannot.
Good luck.
your charts remind me of a computer games display.
or a board behind a circus stand where
people shoot bullets with a machine gun
trying to kill a rubber duck.
Can you sustain this level of intensity?
Can you avoid becoming overextended
and trapped within the adrenaline high?
I cannot.
Good luck.
Empty as water and soft as a facing wind mountain
- #15,447
- May 18, 2010 6:56am May 18, 2010 6:56am
Deuso and Baifu...
your charts remind me of a computer games display.
or a board behind a circus stand where
people shoot bullets with a machine gun
trying to kill a rubber duck.
Can you sustain this level of intensity?
Can you avoid becoming overextended
and trapped within the adrenaline high?
I cannot.
Good luck.
I remember you were quite a shooter at stages in your journey.For drills I need practice and feedback (the same reason Backtest and Walk Forward of intraday systems are more effective than End Of Day systems because the latter takes very long to give same number of samples). Also for me to get in "the flow" active engagement is necessary, the true Zen of course is to be in the flow even while inactive.
For real money accounts there will be a weak link - ME - these are all factors to consider.
Rgs,
Baifu
- #15,449
- May 18, 2010 7:19am May 18, 2010 7:19am
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
Very good point
For drills I need practice and feedback (the same reason Backtest and Walk Forward of intraday systems are more effective than End Of Day systems because the latter takes very long to give same number of samples). Also for me to get in "the flow" active engagement is necessary, the true Zen of course is to be in the flow even while inactive.
For real money accounts there will be a weak link - ME - these are all factors to consider.
Rgs,
Baifu
to be in the flow or feel the flow the scout should be enough to give you vital information of the terrain. thats why we have scouts.
while you could do this due to your ability to handle a large skew size, when it comes to the real deal, thats when you'll feel your true limitations. nevertheless we all had to start some where dont we?
cheers
Talking about grinding the market.....
- #15,450
- May 18, 2010 11:27am May 18, 2010 11:27am
Deuso and Baifu...
your charts remind me of a computer games display.
or a board behind a circus stand where
people shoot bullets with a machine gun
trying to kill a rubber duck.
Can you sustain this level of intensity?
Can you avoid becoming overextended
and trapped within the adrenaline high?
I cannot.
Good luck.
But really as you can tell I don't have a good grasp on price action. I'm reading through BRV stuff to get a better handle on support and resistance. That first dance I was mainly just watching hte bars form and selling when I saw them filling in faster all at once. And trying to go in the opposite direction of longer wicks. But yeah I couldn't tell you what the candlestick patterns were called lol.
- #15,452
- May 18, 2010 11:47am May 18, 2010 11:47am
- | Joined Jul 2007 | Status: Trader | 2,994 Posts
Very good point
For drills I need practice and feedback (the same reason Backtest and Walk Forward of intraday systems are more effective than End Of Day systems because the latter takes very long to give same number of samples). Also for me to get in "the flow" active engagement is necessary, the true Zen of course is to be in the flow even while inactive.
For real money accounts there will be a weak link - ME - these are all factors to consider.
Rgs,
Baifu...
Remeber this is a Marathon and not sprint....IMHO your chart is showing me too much of machine gun as Lusan said....
True Zen is not taking a machine gun and hitting randomly whereas IMHO true zen is like Sniper who hits Less but effective shots....
Pick one... Lot of random shots fire at will or some shots fired effectively...even FTI said sometime its ok to be on sideline till you are sure...
if i may borrow a line from Poem...
IF by kpling
If you can wait and not be tired by waiting.
My suggestion is rather then thinking to make money try to DO IT RIGHT....
again dont want to offend anyone....
IMHO
V
- #15,453
- May 18, 2010 1:16pm May 18, 2010 1:16pm
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
gro your girlfriend looks like a very capable woman, I no longer have a handiman at the house regularly but I'll reconsider for a handiwoman.
- #15,454
- May 18, 2010 1:17pm May 18, 2010 1:17pm
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Deuso and Baifu,
Remeber this is a Marathon and not sprint....IMHO your chart is showing me too much of machine gun as Lusan said.......
- #15,456
- May 18, 2010 3:12pm May 18, 2010 3:12pm
AOW chapter 5, energy:
10. In battle, there are not more than two methods of attack - the direct and the indirect; yet these two in combination give rise to an endless series of maneuvers.
11. The direct and the indirect lead on to each other in turn. It is like moving in a circle - you never come to an end. Who can exhaust the possibilities of their combination?
Ppls, thank you for your comments, but why so rigid
As above so below. Timeframe within timeframe, spiral within spiral, trade within trade. This is not a shooting game (I am strictly anti-gun) I put on ONE trade per session and babysit one trade by adding and withdrawing troops, granted in a fast tempo because my time constraint of 3-4 hours per session is very short, in the event I cannot square with positive to book I would extend my session to as long as it takes, within stamina limits.
Spiral within spiral. Just as 1,1,2 of 4 troops can be reset to 1 and form the base for the next level, so can 1 be spiraled inwards and treated as 4 (1,1,2) or 20 (1,1,2,3,5,8) or 88 (1,1,2,3,5,8,13,21,34) of a lower level . For some 1 scout is enough to test the market, I send 4 or 20 or 88 or 376 spies. Just a matter of multiplication and subdivision, consider 376 spies = 1 scout, or 1 nano scout for banks with regional branches trading around the clock.
Spies are useful when we are outnumbered (such as being bear and price goes up = more bulls than bears). Why seek the holy grail of the “Law” of vibration? Send a spy, we will never know how far the pendulum of noise will swing but we know the price of our spy, as PA gyrates our spy will send a confusion of good and bad news. Lift him when he sends good news. BTW AOW devotes a whole chapter on the use of spies.
Rgs,
Baifu
10. In battle, there are not more than two methods of attack - the direct and the indirect; yet these two in combination give rise to an endless series of maneuvers.
11. The direct and the indirect lead on to each other in turn. It is like moving in a circle - you never come to an end. Who can exhaust the possibilities of their combination?
Ppls, thank you for your comments, but why so rigid
As above so below. Timeframe within timeframe, spiral within spiral, trade within trade. This is not a shooting game (I am strictly anti-gun) I put on ONE trade per session and babysit one trade by adding and withdrawing troops, granted in a fast tempo because my time constraint of 3-4 hours per session is very short, in the event I cannot square with positive to book I would extend my session to as long as it takes, within stamina limits.
Spiral within spiral. Just as 1,1,2 of 4 troops can be reset to 1 and form the base for the next level, so can 1 be spiraled inwards and treated as 4 (1,1,2) or 20 (1,1,2,3,5,8) or 88 (1,1,2,3,5,8,13,21,34) of a lower level . For some 1 scout is enough to test the market, I send 4 or 20 or 88 or 376 spies. Just a matter of multiplication and subdivision, consider 376 spies = 1 scout, or 1 nano scout for banks with regional branches trading around the clock.
Spies are useful when we are outnumbered (such as being bear and price goes up = more bulls than bears). Why seek the holy grail of the “Law” of vibration? Send a spy, we will never know how far the pendulum of noise will swing but we know the price of our spy, as PA gyrates our spy will send a confusion of good and bad news. Lift him when he sends good news. BTW AOW devotes a whole chapter on the use of spies.
Rgs,
Baifu
- #15,457
- May 18, 2010 7:53pm May 18, 2010 7:53pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
- #15,458
- Edited May 19, 2010 1:23am May 18, 2010 10:33pm | Edited May 19, 2010 1:23am
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #15,459
- May 19, 2010 12:46am May 19, 2010 12:46am
- | Joined Jul 2007 | Status: Trader | 2,994 Posts
Hi guys,
As a recent new Kindle dx addict and more then 2 hours commute my reading has gone off the charts....wanted some quick input i am planning to read the following book..
Against the Gods
any idea where i can get this book.....dont say amazon
The Nature of risk
V
PS: anyone on skype????
As a recent new Kindle dx addict and more then 2 hours commute my reading has gone off the charts....wanted some quick input i am planning to read the following book..
Against the Gods
any idea where i can get this book.....dont say amazon
The Nature of risk
V
PS: anyone on skype????