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Daily Charts, Bar Patterns
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Daily Charts, Bar Patterns

  #181 (permalink)
Elite Member
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949. Still off base generally. Am attaching screenshot of Trade Performance.

Have decided not to enter all this in SS. Right now am in a review/analysis period finalising rules and chart set up so counting all this is counter-productive. Yes, this is partly because of so many losers last 2 days, but am 100% certain this is largely due to having 2 charts to compare, along with Gomi volumes to compare with DvalueArea, and also working on finalising rules at same time. The sudden drastic change in performance is due to this, not any great change in market behavior. So keeping a record of this particular phase is not meaningful statistically.

So for rest of session will now be in 'unofficial/play' mode and then will consider how to proceed through end of the week. Suspect the priority will be to monitor the charts and then decide on official workspace and trading plan over the weekend, then monitor that decision the following week, then go into REAL the week after. But this week is an exploratory one. It has been so far, this is not a bad thing to do, but keeping a record of it is unnecessary, even unhelpful.

That said, I will publish screenshots of what I did, just will not add them into the SS which keeps track of statistics. I will count yesterday though since it is already in the SS.

Tomorrow will trade the 5 min chart only.
Friday will trade the 366 chart only.

I will still keep both up to compare and hopefully one will not influence trading in the other. If it does, that is a sign that my rules are not clear and that too will be helpful information.

For rest of today will continue as started to see if I can learn anything from this double-chart situation. I suspect not.

Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #182 (permalink)
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10.00 Full recovery on first trade that finally hit PT. $7.00 balance.

Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #183 (permalink)
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10.27. Finally put on a double and exited with DPT of above $150 (to make up for yesterday's -445 in attempt to end up plus for the week.
Will post charts soon.

Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #184 (permalink)
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1044
Charts attached. Made more than $150 goal finally by taking an aggressive CT H2 buy signal bolstered by recent positive skew flip. Exited for small gains because CT, more possible.

Basically moved back to tick chart for main reference. Immediately things get clearer. Not sure why using 2 is so confusing, but apparently it is.

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Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #185 (permalink)
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Have decided that even though they are very good, am removing the Gomis. Just cannot figure out how to handle the recording. If I make any change to a chart they disappear. It's too finicky for me without chrystal clear instructions on how to make it work and even then I think it is taking up too much processing. DvalueArea is pretty good. Was considering the 5 min chart with the more granular Gomi Vol Profile (DValue is much less accurate the longer the time-frame used on the chart, hence why I am fussing with all this).

I would like to get the EDS Price Bars recordable but will not be able to give the time for programming dicking-around to figure out how to do it since the Gomi functions are a far more advanced level of programming than I understand.

Pity, but there it is.

Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #186 (permalink)
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Heard on the radio last night that Silver Supply is being used at a rate of about 10% per annum since much that is used is thrown away as junk computer parts,with little being replaced from new mining. It is a very valuable metal which is being forced down in value as part of protecting US$, Chinese bond holdings in the same etc. but a serious shortage is building up soon so this market could take off big time. The futures market has liquidity issues for day-traders.

I do not know if what I heard is accurate. But if there is more than an ounce or two of truth (pun intended), prices could rocket up at any time. Could make for good longer-term out-the-money option play...?

I think it's going to be a wild year starting fairly soon.

Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #187 (permalink)
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Feb 11

Early start. Did not properly obey 30 min rule since during time charts were open I was finishing up Skew indicator and CCLFibBands indicators by including new hvwap (now CCLvwap) which has callable start-end times. Then noticed a nice pattern buy setup and placed and order. This is not really following the rule. Was not in any sort of zone, still generally waking up.

But a good lesson. Moved stop very quickly to BE+ and taken out. Have been doing this more of late and so much so that it is too much. So new rule to fine-tune:

Move to BE+ only after 6 ticks in open profit and then ideally only after there has been one pullback from +6 or more and mkt has exceeded previous level. So if long, wait for a higher high and then put in the BE+. This is now a rule in trading plan. Rule for BE stop was missing in the plan even though I often use one.

Had a modest 1 point PT which as it happened was 1 tick below RH and would have been filled. Lesson learned.

For today: still in experimental mode with both tick and 5 min chart up. Will not count anything in SS until have decided upon trading chart and then will only have one up.

Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #188 (permalink)
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837. Took a short. Did not follow above BE rule. Mkt went +9, then came back to BE. But then mkt went back down only to +5 and I moved stop to BE+ and it was hit. Then mkt went to PT at +11 before again bouncing back to BE+. Looks like it's a good rule.

Will switch to Silver today just in order to have exposure to a market I have never followed. But try to apply basic rules/principles. Using tick chart as main referent, but have 5 min up to compare. 30 min for LT referent.

Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #189 (permalink)
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cclsys View Post
I do not know if what I heard is accurate. But if there is more than an ounce or two of truth (pun intended), prices could rocket up at any time. Could make for good longer-term out-the-money option play...?

I think if your going to play precious metals the best thing is to not listen to any kind of news/opinions on them...just too many shysters in that business.
5 year silver chart is looking pretty range bound at this point and certainly not looking like its setting up for a breakout.

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  #190 (permalink)
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Nice Silver PVP to PVP action. My original buy order was 1 tick lower at old PVP (and previous DC price) and was touched not filled. Then the mkt went straight back up to the current PVP in about a minute or so. To the tick.

The Buy Stop order is from earlier and should have been pulled. Was also monitoring several other markets. Am increasingly curious about highly correlated most markets seem. Is this normal? Until recently I was only looking at one market at a time with slow connection. Now I have Silver, Gold, Crude, 6E (euro), TF loaded and all seem to be doing pretty much exactly the same thing. Maybe bonds and grains are different? But I think it's a little weird they way they are tracking each other almost bar for bar.

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Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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