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Ready Aim Fire Bullseye


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Ready Aim Fire Bullseye

  #101 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
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From doing this system for over 2 years, I have come to realize that you are playing with fire on major holidays.

I have gone back historically and found that you will have more bad days then not by just trading the week of the Major Holiday. Yes, you can do it, yes, you can be profitable, but why trade when it moves differently than usual? That is at the least what I have told myself.

As someone a bit newer to this technique of smaller stops, longer targets using similar indicators than I would advise to sit out the Major Holiday weeks and do market replay on other days. I am sure someone will disagree, but that is just me....

Around xmas, I won't trade from about the 19th of DEC, to about the 5th of Jan...

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  #102 (permalink)
 
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 bluemele 
Honolulu, Hawaii
 
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Per today and your video.

I think that days like today are days that you must notice that the big moves will be LONG and that the short retracements will be short.

Days like today can run for several days or even weeks of days like this (spring of this year) and you will find that you are on the wrong side a lot. If I were you, I would study days like today and really figure out why you thought the bigger moves were down and how that could change etc..

Just trying to help. I honestly didn't see the long's except right before the big one and I closed my chart on accident and was pretty much done for the time being anyways....

It would have been a nice long. Today was clearly long in my opinion.

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  #103 (permalink)
 HighRise1202 
houston
 
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In this episode of Walking Dead, that's just how I traded.


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  #104 (permalink)
 HighRise1202 
houston
 
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Noted two trading opportunities pre market. Didn't take them, but they worked out. That's encouraging.

Didn't see much opportunity today during the first hour. There was a nice pullback occurring the minute the market opened, signalling a short. Didn't see it as I didn't want to trade right at the opening.

Movement was ranging. Indicators signaled weak movements. I'm pleased I kept my powder dry, rather than fire with fingers crossed.

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  #105 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
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Holly cats, my best trading day results ever.

But wisdom bumps me and says, "How repeatable is the method you used today?"
  • I entered a premarket order. That wasn't formally entered into my trading rules. It was only entered into my "between my ears rules."
  • For some reason there was no ATM Strategy selected. Must investigate. It has been there, part of the workspace setup.
  • I used a bar setup as signal to exit. My plan says use the mid time period indicators for exits.
When I took the short premarket, I got a very strong emotional response. It was a feeling of dread as if I had just made a mistake that would eventually get me into serious trouble...for example, with the big bosses.

Your comments will surely be appreciated!


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  #106 (permalink)
 
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 bluemele 
Honolulu, Hawaii
 
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Interesting trading today. Way to reverse! You had the vision.

I saw the long, but I honestly thought the longer term was down, but boy, what a retrace.... 10 points straight up. I am getting better at staying out against the trend, but getting chopped at pivots.

I told myself, stop trading at least 10 times. Not pretty.

Good work today.

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  #107 (permalink)
 
Big Mike's Avatar
 Big Mike 
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HighRise1202 View Post
Holly cats, my best trading day results ever.



Mike

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  #108 (permalink)
 HighRise1202 
houston
 
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bluemele View Post
I saw the long, but I honestly thought the longer term was down, but boy, what a retrace.... 10 points straight up.

The 440 foot at that pivot was so well-formed. Just like to old days. haha

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  #109 (permalink)
 
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 vovan348 
Moscow
 
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Great Job!!! Way to go!!!

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  #110 (permalink)
 HighRise1202 
houston
 
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Didn't see clean entry points until 9:27 Central Time. Made a short at that time and got taken out by a pull back.

I decided it was the end of trading for the day...then a principle from The Daily Trading Coach came to mind. After each goal one should add "or else" and list consequences of not reaching the goal. So I decided to continue trading, and ended with a net profit of two whole dollars. Green dollars, however. Not red ones.


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Last Updated on November 2, 2012


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