Robert Miner's Dynamic Trading learning journal | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dynamic TakeProfit & Dynamic StopLoss EA/AI/Algorithm 0 replies

Hey, im just learning journal..... 13 replies

Learning at the speed of snail [Newbie Learning Journal] 9 replies

Consistantly learning.........A positive Trading Journal 27 replies

Dynamic Trading Software - Questions? 8 replies

Attachments: Robert Miner's Dynamic Trading learning journal
Exit Attachments

Robert Miner's Dynamic Trading learning journal

  • #81
  • Mar 30, 2012 9:16am Mar 30, 2012 9:16am
ahhh.. so it's kind of supply and demand levels the way Sam Seiden teaches it...so if price bounces back into those level later they should hold as support/resistance ...

how you get your data? is it free?
  • #82
  • Mar 30, 2012 9:19am Mar 30, 2012 9:19am
Quoting lithium1
move sl to 1402.75
move sl to 1402
  • #83
  • Mar 30, 2012 9:20am Mar 30, 2012 9:20am
Quoting torkay77
ahhh.. so it's kind of supply and demand levels the way Sam Seiden teaches it...so if price bounces back into those level later they should hold as support/resistance ...

how you get your data? is it free?
My friend in HK gives it to me. I guess it's free, but he is a big time day trader who trades in out up to 20 times per day.
  • #84
  • Mar 30, 2012 9:22am Mar 30, 2012 9:22am
Quoting lithium1
move sl to 1402
move sl 1401.75
  • #85
  • Mar 30, 2012 10:17am Mar 30, 2012 10:17am
Closed 2nd lot at 1401.75, +1.75pts, equivalent to +9pips.
  • #86
  • Apr 1, 2012 8:46am Apr 1, 2012 8:46am
mini S&P futures transacted extremely high volume at 1402.5 ~ 1403.75 range on friday. Big boys building Long or Short positions?

Attached Image (click to enlarge)
Click to Enlarge Name: EP.jpg Size: 195 KB
  • #87
  • Apr 2, 2012 6:46am Apr 2, 2012 6:46am
SHORT 2 positions of S&P at 1402.25, sl 1404
  • #88
  • Apr 2, 2012 6:55am Apr 2, 2012 6:55am
Take profit 1 position at 1401.75, +0.5
  • #89
  • Apr 2, 2012 7:02am Apr 2, 2012 7:02am
Close the 2nd position at 1402.5, -0.25.

Expect it to crash down fast when 1402.5 broken, but it didn't, so close position.
  • #90
  • Apr 2, 2012 8:36am Apr 2, 2012 8:36am
Short 2 positions of S&P at 1400.5, SL 1404
  • #91
  • Apr 2, 2012 9:06am Apr 2, 2012 9:06am
-3.5 x 2 = -7pts
  • #92
  • Apr 2, 2012 9:43am Apr 2, 2012 9:43am
Quoting lithium1
Short 2 positions of S&P at 1400.5, SL 1404
What is/was the rationale to get short the Spooz this AM?
  • #93
  • Apr 3, 2012 9:54am Apr 3, 2012 9:54am
Quoting Dave Floyd
What is/was the rationale to get short the Spooz this AM?
It's below the heavy transacted range. So tried to short.
  • #94
  • Apr 3, 2012 11:12am Apr 3, 2012 11:12am
Quoting lithium1
It's below the heavy transacted range. So tried to short.
OK - so are you basing your decisions on volume primarily or wave counts per Miner's material? In my experience, using EW as the primary criteria is far more potent than something like you mentioned. Hence, any additional inputs you want to use should dovetail in with the overall rationale for the trade.

In this instance the wave count was bullish - thus overlaying that key support level due to volume as you noted, would have been an awesome long set-up - not a short set-up.

Bottom line: trading is not 1-dimensional, you need to factor in a few forms of analysis before you have a valid trade set-up. Just my 2 cents from 17-years of doing this..
  • #95
  • Apr 3, 2012 5:44pm Apr 3, 2012 5:44pm
It was also based on EW count. But of course, my count was wrong.

Attached Image (click to enlarge)
Click to Enlarge Name: EP.jpg Size: 298 KB
  • #96
  • Apr 4, 2012 9:15am Apr 4, 2012 9:15am
i am looking for a setup on aussie.. depends on how the correction pattern finish later today or tomorrow....entry level around 1.02... there might be a little bull trap right now as many plan to go long now, but as there is no complete pattern i expect one more push down..also the time for a reversal might be too early..it should at least happen after 61.8.... the crucial question is if we finished wave 5 already or only wave 3 if i am wrong the train will start without me but better safe than sorry
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_08 Apr. 04 16.08.gif Size: 59 KB
  • #97
  • Apr 4, 2012 9:24am Apr 4, 2012 9:24am
I'm also very tempted to LONG now, but S&P is still crashing down, so better wait.
  • #98
  • Edited 9:37am Apr 4, 2012 9:36am | Edited 9:37am
Quoting torkay77
the crucial question is if we finished wave 5 already or only wave 3
The move off the Feb 29th highs is a correction thus it cannot be in 5-waves - too much overlap and an impulsive move lower does not fit in with the longer-term count. Look at the move lower from the Feb 29th highs as a correction - this will help you isolate a long entry point should you decide. I can tell you that entries at 1.02 are likely to be premature unless you are using wider stops (none of this 7-10 pip nonsense).

Always better to scale into trades as isolating the exact support level for a turn is really tough.
  • #99
  • Apr 4, 2012 9:43am Apr 4, 2012 9:43am
Quoting Dave Floyd
The move off the Feb 29th highs is a correction thus it cannot be in 5-waves - too much overlap and an impulsive move lower does not fit in with the longer-term count. Look at the move lower from the Feb 29th highs as a correction - this will help you isolate a long entry point should you decide. I can tell you that entries at 1.02 are likely to be premature unless you are using wider stops (none of this 7-10 pip nonsense).

Always better to scale into trades as isolating the exact support level for a turn is really tough.
Where do you suggest to put the stop?
  • #100
  • Edited 6:12pm Apr 4, 2012 11:22am | Edited 6:12pm
Quoting Dave Floyd
The move off the Feb 29th highs is a correction thus it cannot be in 5-waves - too much overlap and an impulsive move lower does not fit in with the longer-term count. Look at the move lower from the Feb 29th highs as a correction - this will help you isolate a long entry point should you decide. I can tell you that entries at 1.02 are likely to be premature unless you are using wider stops (none of this 7-10 pip nonsense).

Always better to scale into trades as isolating the exact support level for a turn is really tough.
well i use a smaller wave count it's not exactly after official elliot wave rules that you are using on higher timeframes.... it is just that the latest downmove from yesterdays highs on the 1h/4h is happening in 5 waves ..that's all i need to know..after 5 waves there should be a correction and as aussie is traveling in a channel i assume that correction will respect the channel or it will break it .... this setup would be a countertrend trade ..even i am influenced by Miner i do not follow his rules exactly.. i do not follow his entry and exit rules and his stop loss rules .... my stop loss i never tight, for the 1h it is between 30 and 50 pips on the 4 h 45 to 100 pips depending on the pair
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_09 Apr. 04 19.27.gif Size: 61 KB
Click to Enlarge Name: ScreenHunter_10 Apr. 04 19.54.gif Size: 55 KB
0 traders viewing now