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Gary's Place

  #81 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I hope I can pull this off later. Some thoughts are hard to hold onto. About "being". But that thought alone means I am done here for now.[B] POST NEEDED[/B]

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Can you help answer these questions
from other members on NexusFi?
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Build trailing stop for micro index(s)
Psychology and Money Management
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  #82 (permalink)
 
Greatwest1's Avatar
 Greatwest1 
Nelson, B.C. , Canada
 
Experience: Intermediate
Platform: Ninja
Broker: IB.ca
Trading: Tf, 6E-soon, ES,CL
Posts: 53 since Dec 2011
Thanks Given: 94
Thanks Received: 43

Hi Gary,
My Skype name was registered, but inactive, but is now all good: 'greatwest1 ' is online.
Answers to the one question about a chart is: The items highlighted are all indicators:
Fibonacci extension, retracement, moving average line, and a Donchian channel .
What account balance did you suggest one start out with? I remember you said you expected
traders to make a trade when you suggest to trade ' CL ' .
I did not see any other quiz, sorry if I missed it.
Greg.

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  #83 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


@Greatwest1, congratulations for being the first to stand up and say, Hell yes I am interested and proud of it! I am a Trader!


1 of 13 is known.

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  #84 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097


GaryD View Post




What have I highlighted? There are 5 things.


If you are interested in the Mentorship, this is qualification contest #1. PM or email me your answer.

You have highlighted places on the chart where price had a higher probability of reversing.

The five things are:

1.

The first small oval circles the huge bear bar which was likely climactic exhaustion.

The last possible traders sold, either dumping their losing long position in frustration, or new traders jumped in to short the market in the fear of missing the short move.

Both were holding losing opinions the moment the market printed a bullish bar and an opportunity to go long presented itself to go long when another bullish bar took out the high of the earlier bullish bar, though it was longing into resistance of the previous move.

2.

The second oval is on a squiggly line on the chart.

The squiggly lines mean much less to me rather than what you are trying to pinpoint and hence is invaluable.

Price was clearly in a trading range at this point and the pinbar that followed the huge bear bar which probably had taken out all the stops of those long at the earlier oval, signaled a good opportunity to go long again!

3.

The biggest oval marks distribution - it was a good place to look for short opportunities after two pinbars were printed and then a lower high made price to sell of rapidly. However though the oval was a good place to go short as the earlier bars lows were taken out, the end of the bear bar (last bar inside oval) was NOT a good short because waiting for a retest of the bull trend was the best thing to do at that point - the ABC move completed this requirement and the retest of the high of the range was a good place to go short confidently.

4.

The Fibonacci extension oval - is something I don't like. However it again coincides with the other end of the trading range and is a good price level to take profits on any shorts.

5.

The last oval marks the end of the two legged down move that reached the price level where your profit target should be and would have got you flat.




As a trader I understand that humility, above all, is the rock solid base of all virtues. I have no reason to hide behind PMs when getting mentored so posting this - also it was looking silly without the chart!

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  #85 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097

Also, I find it hard to think of the time when I was NOT being mentored by @GaryD (see end of this post).

EKLAVYA

Eklavya sincerely sought the mentorship of Drona for learning the use of weapons and martial art. But Drona discouraged him from this aim and ultimately rejected Eklavya on account of his caste. However, out of respect for Drona, Eklavya embarked upon a program of self-study, using a clay image of Drona as his inspiration. Eventually, Eklavya achieves a level of skill superior to that of Arjun, who was Drona's favorite and most accomplished student (but belonging to the Royal Family of the Pandavas). The Pandavas come across the boy in the forest one day, and Eklavya tells them about himself and his deep regard for Guru Drona. In a shrewd move, Drona demands that Eklavya cut off his right thumb as a gift to his "teacher" (in Indian culture, a teacher's request cannot be denied). This would preclude Eklavya from being as skilled or even better than Arjun. Since Eklavya always trusted and respected Drona as his mentor, he agrees to the demand without hesitation, and sheers off his right thumb with his own weapon.


I probably crawled out of my mess and started my real journey when gary kicked my ass here:




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  #86 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


iqgod View Post
!


2 of 13

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  #87 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


iqgod View Post

I probably crawled out of my mess and started my real journey when gary kicked my ass...


Hahahahah


I was not trying to kick ass, but it feels that way sometimes.

Forget about what is on any of our charts for a moment... WHAT IS IN YOUR HEAD MATTERS MORE.


(Takes a bow and exits...)

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  #88 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Here's the next step, as long as everything else is in and checked off;

Send me a window of time,
per day,
in EST,

when you will guarantee to be on Skype and ready.

When something I consider to be a "significant trade" sets up, I am going to start dialing numbers. Everyone gets two live trade calls,

OR (new rule)

After two misses you lose one live call. 3 strikes, you are OUT.

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  #89 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Keep in mind, I do not care. I don't get paid for this. I want to see if I can push someone along, more for me than for you.

Now don't get offended... Also keep in mind, WE HAVE NEVER MET.

As traders, we will ALWAYS have the desire to keep going forward. This is where my version of that is.




You could speculate that I am trying to generate traffic...

That I am trying to build a "name" for a future business...


Might as well quit now.




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  #90 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011





Pay attention, this is very important.

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