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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

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

[img]https://nexusfi.com/v/hnkbat.jpg[/img]

Started this thread

Can you help answer these questions
from other members on NexusFi?
Trade idea based off three indicators.
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  #712 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

[img]https://nexusfi.com/v/cfqjxc.jpg[/img]

Moved stop. Keeping losses small is a hard habit to break, and I may not want to. Moved daily PT higher.

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


Change of strategy. I cancelled the OCO and am going to split this into two trades.

[img]https://nexusfi.com/v/fga8km.jpg[/img]

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

I feel like I am trading ES. I don't remember gold being this slow. lol

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

Here is what is holding gold back right now. The resistance is at the high end of the range for an ABC correction.

[IMG]https://nexusfi.com/v/79j8je.jpg[/IMG]


But, becasue it is rounding, and has approached the high side of this more than once, I am expecting stops to build above the high pivots around 1722-1723. If gold can just get that reaction to fire...

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

It is so much more stressful on my body to ride a trde to 30 ticks plus over and over. I feel the tension as price recedes back to near breakeven.

[IMG]https://nexusfi.com/v/yw8n73.jpg[/IMG]


I am going to my first yoga class this Thursday to try to work on that

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


madLyfe View Post
hey Gary, what bands are those in that pic?



PRC2 - Polynomial Regression Channels. Be careful, they move.

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

This type of bar is tough for me to read. The interpretation could go either way. But, resistance is volume, and when volume gets absorbed resistance diminishes.

[IMG]https://nexusfi.com/v/9h9fey.jpg[/IMG]

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

I entered my current trade at around 11am EST. Added in around 11:30am, and am really fighting the urge to close this at 30+ ticks for the day. I believe the pit for gold closed already? It's been awhile.

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


[img]https://nexusfi.com/v/cjcfwz.jpg[/img]

If this is not it I will be surprised

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Last Updated on May 23, 2014


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