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Tape is my shape (tape reading, time and sales)
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Tape is my shape (tape reading, time and sales)

  #431 (permalink)
Trading for Profit
Russia
 
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Favorite Futures: ES
 
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pbylina View Post

Great enter. Good SL with explanations 1.4246 were no activity and there some limits. But still weak SL till i see your explanations why so small stop.
Good trade management showing you have a feel of market but not change your mind so often and pull of your Slosses. It is better 10 scalp in this situation as your versus trend once again)))

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  #432 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 288 since Apr 2011
Thanks: 41 given, 375 received


pbylina View Post

And once again scalp versus trend. See how 9:37-39 tape is almost stop. There is no activity and no BIG prints on the BID showing you sellers becomes less agressive and take profits at the limit side. Probably there is soon reverse or consolidation.
You begin to jump often and this shows that you lost your feel of direction as many of traders too. You need to take a brake and look in the CASH what market decide to do.

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  #433 (permalink)
Trading for Profit
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pbylina View Post

Market dead and activity on the move down is weak. You wait of test of lower prices of the range and lack of sellers and go versus them.You wait lack of buyers at range high prices and go versus them. This is your strategy in sideways markets.
From this point you can do trades 15-20-25-30-40 ticks and scalps. At prices of range there are good chances to enter in continuation of downtrend (high of the range) or it reverse (Low of the range) to uptrend.
Good trade

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  #434 (permalink)
Trading for Profit
Russia
 
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pbylina View Post

At least bad one trade))) Why do you did not show us your losses? There is many information in this trades))) Believe me. Your losses is what doing you better if you learning from them but did not turn around and say "aaaah Forget about it")))
Ok. You did not wait until test 1.4203-4200
Tape begin accelerate. Get out before it is too late. It seems market wants lower prices.

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  #435 (permalink)
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Hedging and aggression

Bloom and other members, 1 question

1.If the pro is buying to go long, he will show upward aggression...
2.If the pro is buying to cover shorts, he will NOT show upward aggression......

Ok?

3.If pro buying (to hedge shorts),will he show upward aggression? Yes/no and why? Isn't hedging a passive way to trade?

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  #436 (permalink)
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bloom View Post
Excellent trade, good position management but yours SL is still confusing me. Why do you take 4 ticks stop there? Do you can explain?

P.S.
You can in your NNJTRDR ATM strategy set profit target 1 and set 10 points on 1 first contract.

Hey. I just use 4 ticks in general. When I started learning tape reading and trying to trade I only used 2 tick stop loss some times it work some times it didnt. It was too tight. I do not know how ES behaves, (you say you only trade ES). But I have been trading nothing but Euro for the last 3 months. From my experience so far with 6E, 4 tick sl gives more room for breathing then 2 tick. You dont need bigger because if you wrong you are wrong doesnt matter how big your stop is. If you are asking specifally why in this situtation I say its just I dont have enough time to change it to a smaller stop or whatever. And since its bigger that 2 tick I have time to reverse if Im wrong.

And I will only make videos on Monday, Wednesday and Friday because I need a breaks in between from the video making. its a lot of work editing them and uploading them. I still trade on Tuesdays and Thursdays thou.

This is a trade I made today at Support 1 with 4 tick SL. The first time I got stopped out because I was wrong on which direction.(I thought was gonna be a breakdown) But second time I realized it was gonna hold. I got out at 1.4191. Early but good enough for me. 1 contract. So try EURO, you might like it.

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  #437 (permalink)
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bloom View Post
And once again scalp versus trend. See how 9:37-39 tape is almost stop. There is no activity and no BIG prints on the BID showing you sellers becomes less agressive and take profits at the limit side. Probably there is soon reverse or consolidation.
You begin to jump often and this shows that you lost your feel of direction as many of traders too. You need to take a brake and look in the CASH what market decide to do.

Yeah, it did stop at 9:37-39. The 2 contract strategy would of worked good in this situation. Yeah I was jumpy yesterday. What do you mean I need to look in the cash? At the big prints? All im looking at right now is flow of tape.

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  #438 (permalink)
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Favorite Futures: Euro
 
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bloom View Post
At least bad one trade))) Why do you did not show us your losses? There is many information in this trades))) Believe me. Your losses is what doing you better if you learning from them but did not turn around and say "aaaah Forget about it")))
Ok. You did not wait until test 1.4203-4200
Tape begin accelerate. Get out before it is too late. It seems market wants lower prices.

I have been showing you guys my losses? No? I think theres like 3 videos of me losing. I had more losing trades but they were too long.

I agree 100%, best learning is from are own mistakes.

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  #439 (permalink)
Trading for Profit
Russia
 
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pbylina View Post
I have been showing you guys my losses? No? I think theres like 3 videos of me losing. I had more losing trades but they were too long.

I agree 100%, best learning is from are own mistakes.

so show them))) or i could miss them. This is my bad side))) miss things sometimes


Last edited by bloom; August 2nd, 2011 at 03:27 PM.
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  #440 (permalink)
Trading for Profit
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Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 288 since Apr 2011
Thanks: 41 given, 375 received



pbylina View Post
Yeah, it did stop at 9:37-39. The 2 contract strategy would of worked good in this situation. Yeah I was jumpy yesterday. What do you mean I need to look in the cash? At the big prints? All im looking at right now is flow of tape.

Stay in the money and did not enter the market

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