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Supply and demand chess game

  • #401
  • Apr 14, 2014 9:00am Apr 14, 2014 9:00am
Quoting JoeNY
What's up My Man IP, Just wanted to say Hello. Did you catch the ES pop this morning? I know you did So what do ya think,,,,? She's gettin' eaten for breakfast again at the open, or she stays bullish? I hope it's breakfast time but have to go with the flow.... {image}
Hey Joe, what's up brother! Long time no see... No, didn't take it, I hesitated at 1811 around 7.30am NY time and look at that ha ha... maybe later today. How is everything with you?
"A handful of patience is worth more than a bushel of brains"
  • #402
  • Edited 5:37pm Apr 14, 2014 9:53am | Edited 5:37pm
Everything's great man, Thx..

So I ate her up for breakfast with the Bears at the open and got +12 yum yum yum.... I misread the 10:30 am consolidation and thought more Bear munching was on the way and scratched for - 6 when I bailed. I quickly reversed and took it back to the line long with the Bulls for +14. So I did good in the end. I am not going to push my luck today. 4 is not a charm for me.... The jitters kick in cause my mind throws greedy bastard at me constantly after 3 attacks and it's usually right. I lose focus. In time I'm sure I will become better at controlling this. Confidence builds it...

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Quoting Iron Pawn
{quote} Hey Joe, what's up brother! Long time no see... No, didn't take it, I hesitated at 1811 around 7.30am NY time and look at that ha ha... maybe later today. How is everything with you?
SPC * Swollen PocketZ Crew!
  • #403
  • Apr 14, 2014 10:02am Apr 14, 2014 10:02am
it's a constant battle with the mind for sure.
  • #404
  • Apr 14, 2014 10:03am Apr 14, 2014 10:03am
Quoting JoeNY
Everything's great man, Thx.. So I ate her up for breakfast with the Bears at the open and got +12 yum yum yum.... I misread the 10:30 am consolidation and thought more Bear munching was on the way and scratched for - 6 before I bailed. I quickly reversed and took it back to the line long with the Bulls for +14. So I did good in the end. I am not going to push my luck today. 4 is not a charm for me.... The jitters quick in cause my mind throws greedy bastard at me constantly after 3 attacks and it's usually right. I lose focus. In time I'm sure...
Very, very good my man... more then enough to buy some groceries he he... glad to hear that all is good. Yeah, target was 1830 or 1840, that would be sweet some 80 ticks minimum hmmmm... not a problem, tomorrow is another day... Keep up the good work Joe!
"A handful of patience is worth more than a bushel of brains"
  • #405
  • Apr 14, 2014 10:07am Apr 14, 2014 10:07am
is right...

Quoting tripr
it's a constant battle with the mind for sure.
SPC * Swollen PocketZ Crew!
  • #406
  • Apr 14, 2014 10:07am Apr 14, 2014 10:07am
Thanks IP...

Quoting Iron Pawn
{quote} Very, very good my man... more then enough to buy some groceries he he... glad to hear that all is good. Yeah, target was 1830 or 1840, that would be sweet some 80 ticks minimum hmmmm... not a problem, tomorrow is another day... Keep up the good work Joe!
SPC * Swollen PocketZ Crew!
  • #407
  • Apr 14, 2014 10:13am Apr 14, 2014 10:13am
They say keep winers running? When is enough... Little update on Eur/Aud, about 160 so far... hmmm.
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud jpeg.jpg Size: 63 KB
"A handful of patience is worth more than a bushel of brains"
  • #408
  • Apr 14, 2014 10:15am Apr 14, 2014 10:15am
Quoting tripr
it's a constant battle with the mind for sure.
Yes, for a while... then learn how to relax and let system lead you. When you win or lose it should feel the same.
"A handful of patience is worth more than a bushel of brains"
  • #409
  • Edited 12:02pm Apr 14, 2014 11:18am | Edited 12:02pm
EUR/AUD
That's too funny... I didn't even realize you posted a EUR/AUD chart this morning. Dam I would have posted with you live. I was in the trade from last night. 8:11 pm EST. It retraced a bit on me before I went to bed but continued south while I slept. I bailed before the US open but I do see it has since hit the line.... My line target was +60 and I bailed at +41. I entered on a supply dump but I used a trend line for TP as I couldn't figure out a buy zone TP. When in doubt use a trendline... Trend is down but this thing will probably keep taking high bounces on the way down. Who knows... I just trade the lines or when it's heading for them... Nothing more, nothing less and always bail before the line. Not a top pick for me clean-ness wise but I did see a quick op last night. I actually hate this pair more than vegetables. It always takes the wild scenic route to the final destination.

I got stopped out on a long AUDCAD this morning. Didn't give it room to breathe... Of course where is it heading now... Long ... sloppily though... Another day...more breathing room...

No big deal. Pip & Tick positive at the end of the day/ end of the week is all that matters. Let's call it PTP .... yeah you know me... "You down with PTP, yeah you know me..."

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SPC * Swollen PocketZ Crew!
  • #410
  • Apr 14, 2014 4:56pm Apr 14, 2014 4:56pm
Quoting JoeNY
EUR/AUD That's too funny... I didn't even realize you posted a EUR/AUD chart this morning. Dam I would have posted with you live. I was in the trade from last night. 8:11 pm EST. It retraced a bit on me before I went to bed but continued south while I slept. I bailed before the US open but I do see it has since hit the line.... My line target was +60 and I bailed at +41. I entered on a supply dump but I used a trend line for TP as I couldn't figure out a buy zone TP. When in doubt use a trendline... Trend is down but this thing will probably keep...
yeah man... eur/aud performed nicely and i'm still in... and chillin' (it rhymes he he)... looking for another one to come to papa
"A handful of patience is worth more than a bushel of brains"
  • #411
  • Apr 15, 2014 9:29am Apr 15, 2014 9:29am
Emini SP... nice move.
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"A handful of patience is worth more than a bushel of brains"
  • #412
  • Apr 15, 2014 1:52pm Apr 15, 2014 1:52pm
Emini SP reverse trade (from above)... 1 contract closed and second about to be closed. Done probably for a week. I'll trade only if good opportunity presents itself.
So long!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: es2 jpeg.jpg Size: 178 KB
"A handful of patience is worth more than a bushel of brains"
  • #413
  • Apr 15, 2014 5:13pm Apr 15, 2014 5:13pm
Quoting Iron Pawn
.... I'll trade only if good opportunity presents itself. ....
Hi IP, could you explain how you see exactly "if a good opprtunity presents itself". I can't tell from your charts. thanks.
Posting Demo charts, mirroring some of them live.
  • #414
  • Apr 16, 2014 12:11am Apr 16, 2014 12:11am
+1. Sorry IP, I can follow your earlier charts, although you make it look much easier than it is to select the right zones. (The ones more likely to be respected.) But I can not follow the emini charts, apart from the trades worked out extremely well.
Good Trading
  • #415
  • Apr 16, 2014 6:11am Apr 16, 2014 6:11am
Quoting forexpiet
{quote}Hi IP, could you explain how you see exactly "if a good opprtunity presents itself". I can't tell from your charts. thanks.
Hello forexpiet, welcome to the chess game... what I meant is that I'm willing to sit on my hands and trade only when I see substantial gain from a potential trade. It does not imply that it will be a winner, of course. As a rule of a thumb I count that price will reach at least 50% of potential move and if I am ok with that, I press button (yesterday sell on ES was exited at 50% of the move down and I didn't care, just closed it and played safe; same as for buying after that - it added additional 20 points overnight but I prefer to take what is on the table even though there was a very high chance for a move to break price level where I shorted earlier but the idea of leaving contract open on futures market does not sit well with me for now; with spot I have no problem). Price points are marked in advance and I have set of alarms when price approaches level of interest. In mean time I like to paint or draw or read or do other things. I do not want to take every turn on the market, if you know what I mean. That leads you in over analyzing market which leads to confusion and makes you see things that are not there. Hope this helps...
"A handful of patience is worth more than a bushel of brains"
  • #416
  • Apr 16, 2014 6:16am Apr 16, 2014 6:16am
Quoting aud
+1. Sorry IP, I can follow your earlier charts, although you make it look much easier than it is to select the right zones. (The ones more likely to be respected.) But I can not follow the emini charts, apart from the trades worked out extremely well.
Hey Aussie, welcome to the chess game... Thanks, sometimes they perform well, sometimes they don't. Part of the answer is in the post above but also, I want to mention, is that Emini is little bit different from my forex trades. In general I flip charts to find safest opportunity (it can be volume, tick or time chart, doesn't matter to me) so it would be complicated to post my process... in general, similar to fx spot approach with few small filters... They don't always play out the way I want but that the game we chose to play...
"A handful of patience is worth more than a bushel of brains"
  • #417
  • Apr 16, 2014 6:23am Apr 16, 2014 6:23am
Quoting aud
+1. Sorry IP, I can follow your earlier charts, although you make it look much easier than it is to select the right zones. (The ones more likely to be respected.) But I can not follow the emini charts, apart from the trades worked out extremely well.
To give you an idea, this is just example of yesterdays Emini... sold above marked level and bought at the bottom.
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"A handful of patience is worth more than a bushel of brains"
  • #418
  • Apr 16, 2014 11:11am Apr 16, 2014 11:11am
Quoting Iron Pawn
Emini SP reverse trade (from above)... 1 contract closed and second about to be closed. Done probably for a week. I'll trade only if good opportunity presents itself. So long! {image} {image}
Well, opportunity presented itself as early as today... 10 full points on 2nd. Done and check.
Attached Image (click to enlarge)
Click to Enlarge Name: es1 jpeg.jpg Size: 63 KB
"A handful of patience is worth more than a bushel of brains"
  • #419
  • Apr 22, 2014 9:42pm Apr 22, 2014 9:42pm
Quoting Iron Pawn
{quote} Hey Aussie, welcome to the chess game... ..
Thanks IP, watching and learning.
Good Trading
  • #420
  • Apr 23, 2014 7:17am Apr 23, 2014 7:17am
Emini SP. Low risk, nice reward opportunity on tiny chart.
Attached Image (click to enlarge)
Click to Enlarge Name: es1 jpeg.jpg Size: 103 KB
"A handful of patience is worth more than a bushel of brains"
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