{image}
I'm not sure if it really matters except maybe supply and demand being higher quality...... maybe
Ratios & Harmonics: a Different Way to Trade
- #20,241
- Jul 27, 2016 11:08am Jul 27, 2016 11:08am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
I'm not sure if it really matters except maybe supply and demand being higher quality...... maybe
- #20,242
- Jul 27, 2016 11:21am Jul 27, 2016 11:21am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
US30 -89T
Kind of what I'm expecting and looking for. with such a weak NSH , I'm expecting a deep correction if order flow is changing if not I'm positioned to go lower
Kind of what I'm expecting and looking for. with such a weak NSH , I'm expecting a deep correction if order flow is changing if not I'm positioned to go lower
- #20,243
- Jul 27, 2016 12:08pm Jul 27, 2016 12:08pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
US30 -89T Kind of what I'm expecting and looking for. with such a weak NSH , I'm expecting a deep correction if order flow is changing if not I'm positioned to go lower {image}
A touch of the 88.6 might be a little greedy but I'll wait to gauge PA
Hopefully I can get some movement before the FED release Otherwise I'll exit before hand
- #20,244
- Jul 27, 2016 12:48pm Jul 27, 2016 12:48pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{quote} Well, I entered short. looking for a push lower. PA looks very labored. lots of ticks but I assume no volume behind it. A little worrisome. A touch of the 88.6 might be a little greedy but I'll wait to gauge PA {image} Hopefully I can get some movement before the FED release Otherwise I'll exit before hand
- #20,245
- Edited 1:34pm Jul 27, 2016 1:23pm | Edited 1:34pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
Today was perfect, +10 (big lot) on YM, +8.6 (big lot) on dax and +11.38 (small lot) on YM.
I used the double bottom for a reversal (15min chart).
I used the double bottom for a reversal (15min chart).
- #20,246
- Jul 27, 2016 1:29pm Jul 27, 2016 1:29pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{quote} Well, I exited my position. for another loss - 13 {image}
well forget this, I'm going to go hit the bag.
- #20,247
- Jul 27, 2016 1:44pm Jul 27, 2016 1:44pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
{quote} blahhhhhhh. I cant get a break. looking to go long at the white dash line but my mouse glitched. I think the batteries are low.
- #20,248
- Jul 27, 2016 9:06pm Jul 27, 2016 9:06pm
- Joined Mar 2008 | Status: Trader | 1,728 Posts
{quote} blahhhhhhh. I cant get a break. looking to go long at the white dash line but my mouse glitched. I think the batteries are low.
I'll get back with you later regarding your questions on Supply and Demand.
- #20,249
- Jul 27, 2016 9:49pm Jul 27, 2016 9:49pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{quote} Sorry to hear that you missed it and sorry for my previous post. I was only happy that it worked well.
I thought the mic drop was funny tho....
- #20,251
- Edited 9:25am Jul 28, 2016 12:57am | Edited 9:25am
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
{quote} not at all man. I'm glad your banking pips. I'm a little jealous of your trade management and how you keep your losses super small. well done. I thought the mic drop was funny tho....
Edit: Could collect today on dow & dax in total +15 (big lot). My trade management was not nice. I stop trading for today.
- #20,252
- Jul 28, 2016 10:49am Jul 28, 2016 10:49am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
Good Morning
US30 - 89T
Expecting a deeper PB around 61.8 - 78.6 area
US30 - 89T
Expecting a deeper PB around 61.8 - 78.6 area
- #20,255
- Jul 28, 2016 12:04pm Jul 28, 2016 12:04pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
Mack: I hope that market is running in your favour (I do not see the charts yet).
Attachment
- #20,257
- Jul 28, 2016 12:31pm Jul 28, 2016 12:31pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{image} {quote} Price is just dicking around. I've been waiting patiently. didn't want to go long because of the bad r:r so i'm just waiting
Price was gaining momentum into the area I was interested in and the reaction isn't as expected. The resistance area I highlighted is a little weak but aligned with expectations. Because of the lame reaction , I'm thinking the sellers weren't there and might be in the supply area above but I'm in it now tho so I'll play it out
- #20,260
- Jul 28, 2016 3:25pm Jul 28, 2016 3:25pm
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
YM +9, +1 = +10
ES -2.5, -1.5, +1 = -3
My day was riddled with mistakes.
I am extremely upset with my ES losses, they sting the most. On the first ES loss we had a harmonic pullback after price made a NSH, so I entered long. Price had given me many opportunities to get out at a small loss and a couple opportunities to get out at b/e. Even a small profit was possible yet I stayed in because I thought we would be going higher. I should not have even been in that trade because I risked way more than I usually do.
I am having a hard time gauging how much time to give to a trade in order to let it work. I find best setups work right away but there are those trades that take a minute before they play out.
I initiated the 2nd ES trade due to emotions getting the best of me. I saw an engulfing bar and since I just got taken out long I thought we'd have more downside. Well that trade was taken out.
3rd ES trade I still had lower bias and we got rotation bar but got right out for 1pt as I realized I was trading downright terribly and didn't want to risk anymore capital. My head was in a complete shit place after the 1st loss and I should have taken a walk or something to get my head right after that.
I came back later in the day and traded a couple setups on demo which worked out pretty well. Too bad I didn't trade them real money as they would have put me into profit for the day but going with demo was smart because I clearly was not in sync with the market today.
Having a rough couple of weeks here, it's very frustrating and I can feel my confidence starting to slip.
Just need to ride this out, look for the best setups, and not chase anything.
ES -2.5, -1.5, +1 = -3
My day was riddled with mistakes.
I am extremely upset with my ES losses, they sting the most. On the first ES loss we had a harmonic pullback after price made a NSH, so I entered long. Price had given me many opportunities to get out at a small loss and a couple opportunities to get out at b/e. Even a small profit was possible yet I stayed in because I thought we would be going higher. I should not have even been in that trade because I risked way more than I usually do.
I am having a hard time gauging how much time to give to a trade in order to let it work. I find best setups work right away but there are those trades that take a minute before they play out.
I initiated the 2nd ES trade due to emotions getting the best of me. I saw an engulfing bar and since I just got taken out long I thought we'd have more downside. Well that trade was taken out.
3rd ES trade I still had lower bias and we got rotation bar but got right out for 1pt as I realized I was trading downright terribly and didn't want to risk anymore capital. My head was in a complete shit place after the 1st loss and I should have taken a walk or something to get my head right after that.
I came back later in the day and traded a couple setups on demo which worked out pretty well. Too bad I didn't trade them real money as they would have put me into profit for the day but going with demo was smart because I clearly was not in sync with the market today.
Having a rough couple of weeks here, it's very frustrating and I can feel my confidence starting to slip.
Just need to ride this out, look for the best setups, and not chase anything.