NexusFi: Find Your Edge


Home Menu

 





Like a turtle to his balcony...


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GaryD with 1,625 posts (688 thanks)
    2. looks_two josh with 67 posts (106 thanks)
    3. looks_3 greenr with 51 posts (53 thanks)
    4. looks_4 Deucalion with 28 posts (77 thanks)
      Best Posters
    1. looks_one Deucalion with 2.8 thanks per post
    2. looks_two josh with 1.6 thanks per post
    3. looks_3 greenr with 1 thanks per post
    4. looks_4 GaryD with 0.4 thanks per post
    1. trending_up 225,981 views
    2. thumb_up 1,158 thanks given
    3. group 36 followers
    1. forum 1,905 posts
    2. attach_file 1,043 attachments




 
Search this Thread

Like a turtle to his balcony...

  #1021 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Deucalion View Post
Not convinced this is any sort of panic selling.

Gold looked like panic to me. I have not seen an impulse like that for awhile. Of course, I keep my blinders on most of the time.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Build trailing stop for micro index(s)
Psychology and Money Management
Futures True Range Report
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
51 thanks
Funded Trader platforms
44 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #1022 (permalink)
 
Deucalion's Avatar
 Deucalion 
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
Posts: 428 since Aug 2009


GaryD View Post
Gold looked like panic to me. I have not seen an impulse like that for awhile. Of course, I keep my blinders on most of the time.

For sure, on gold maybe. I can see those saps holding long gold - it must have felt like the end of the world. But lets be objective and look at a real market (a mature market, like the ES) to draw some fair inferences. Until the Boston news this was a controlled wave expansion, and then its turned into a sell-off. The impulsive sell on ES was there since last week.





PS - The ES typically settles between minimum and typical wave targets, very rarely going to max wave amplitudes (that seems to be the nature of this mean reversion beast), except in news driven or extenuating circumstances, which today is. It is clear to me that today marked two separate behaviors on ES, one was typical and the other was external factor. It doesn't fit into a blind selling day per se, or panic.

Reply With Quote
  #1023 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


I am going back through the market profile study guide one more time. Almost resumed Mind over Markets, but wanted to drive home some info first. And, having now flipped through Market in Profile, I might be more drawn to that after I go back through this one.

I am still scalping for the most part, but I can feel a greater sense of expectancy developing as I read at night and on weekends and then watch that new understanding come to life when the market opens again.

Some of the parts seemed way too obvious at first, like (quasi-quote) "if price cannot take out the single prints, hold the position..." OK, but that is no different than saying if your stop does not get hit stay in the trade, I think to myself, with way too much sarcasm.

But as I keep going, I am seeing that putting new layers of terminology to the motion I already know is really having an exponential effect on my level of understanding. And changes my perception of time, particularly as it relates to getting into a trade.

I did change my avatar again, the pirate flag mockery was fun, but I have found something that directs my attention and harmonizes with what I am working to accomplish right now. A little Photoshop spun the flow of money into sand back to sand into money. One grain at a time, slowly filling the lower half. The better I can relate to time, the more accumulates.

Started this thread Reply With Quote
  #1024 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Gold is so amazing to watch right now.


Started this thread Reply With Quote
  #1025 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Here comes the test of the November low.


Started this thread Reply With Quote
  #1026 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

86.61 is level 1 exhaustion, aka Xfib1. I have two levels I would buy overnight. That is one, and the other is 85.29. Watching for a reason.

No, I can't read this. I was long 86.46, but what good is it to develop skills at reading the market and then trade when most of them are useless? And if it hits 90.00 with no heat, that is mostly luck.

I did trade some last night, ended breakeven. Probably luck as well.

Tomorrow will be a good day. Gold is trying to develop value, and if CL comes out of this it will have plenty to go around.

Started this thread Reply With Quote
  #1027 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Meanwhile, CL is so far out of value I have no reference for risk. Fib lines are taking 2nd position to value.

I closed this post and leaned back, went back to being zoned into the movement. But then I grinned, big, to the point where I can feel my face flushing. I am moving forward, was my thought. Unstuck.

And volume ladder is green eggs and ham part two. It so, "visceral", Mr @Deucalion. So happy to be back.

Started this thread Reply With Quote
  #1028 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I think, in retrospect, I was so shaken by my real estate bankruptcy, so survivalist in my start into trading, that the whole thing was built from pressure. Whereas now it feels as if it is built from passion? I no longer feel like my study is necessary, I feel like I am looking forward to it. I no longer feel like a martyr, but a rebel. I am just really enjoying life, and trading is something that I find magnetic, stimulating, fun. And I want to learn more about it. Like a kid again.

Started this thread Reply With Quote
  #1029 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Even dressing up as a pirate.

Started this thread Reply With Quote
  #1030 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


CL is running a correlation that is very apparent in the nigt volume. The reaction lag is only a few seconds, less than a minute in most instances.

I thought gold was developing value, and it was. all the way up at least $20 from that thought. SD1 become support, and boom.

Started this thread Reply With Quote




Last Updated on August 5, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts