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Daily Charts, Bar Patterns
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Daily Charts, Bar Patterns

  #211 (permalink)
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cclsys View Post
but Firefox still can't remember to log me in to places automatically and the Options Menu no longer allows me to enable this.

I use IExplorer for BigMike's & other sites I where I want to be remembered & have a good spell checker. Firefox seems to have a lot of small issues. Example: I'll open a link from Gmail using Firefox then paste it into IE. A minor inconvenience, but works every time.

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  #212 (permalink)
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Thanks, Z.

Well, the past week has been interesting. Something percolating in the background came to a full boil rather quickly. In short, I have decided to launch a small local business making and selling artisan style country loaves made from wild yeast, well water, freshly ground organic flour and baked in a stone/clay oven I will build myself, selling once a week Saturday mornings at the local farmer's market.

For a while, this will be my focus until I have decided on what sort of oven and how to build it. Am also in two minds about trading, but suspect the proper course of action is to maintain regular, preferably daily, connection whilst stepping back from having it my only focus, get the plan in place for the bakery operation and then hopefully continue trading once that is set.

This means that this journal might not be continued on a regular basis, at least for a little while and also I have pulled back from the forum whilst spending all my time researching the many and varied aspects of any undertaking. That said, basically the only issue now is determining the type of oven I will build, principally deciding on the construction materials, i.e. do I use bricks or build most of it by hand using simple clay and then slowly drying it out and tempering it myself. Building it will take some time, but fundamentally is no big deal once I have figured out what to build.

Then learning to bake will take a while too, but am confident can do so with the right equipment. If you have high quality water, high quality flour and a good fire oven, frankly it is hard not to turn out good bread, maybe not by master baker-in-Europe standards (that takes years of experience) but compared to anything else available in my area it will immediately be by far the best even if I don't know what I am doing. Very few people use fresh flour and nobody uses a clay/brick wood-fired oven. End of story. Aside from bringing in guaranteed weekly income which will take pressure off of trading a (far too) small account, it will get me more involved with local community life which is what Cape Breton is all about and why I moved here.

So from pov of brain, heart and gut, this is a very positive move. How it will impact on trading activity remains to be seen.

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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  #213 (permalink)
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March 7

Have marked rectangles on chart when I was away from the computer working on other things having placed orders. Often the results are better this way, as it happened, and although this morning's initial long trades were both losers and I was away from the screen when the market make a big move down, a couple of other trades placed well in advance using my SR approach did well. The one that broke even on the short side around 10.06 would have been a 25 tick winner if I hadn't been at the computer to move the stop to BE+. The winning long trade from low down was placed at the same time the short trade was entered and worked fine, although again I would have exited earlier if had been monitoring the screen since it came within 2 ticks of PT, then came back down to-8 ticks where at the very least I would have had BE+ stop, but then hit default 25 tick target on a subsequent rebound.

In any case: 88% profitable.
But in SIM.

(Note on chart: the SR lines are held over from Friday. Some of them were quite helpful as it happens, but I did not take time to review them today and was ignoring them basically.)

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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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  #214 (permalink)
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March 9 Tuesday

#1 Loser, #2 a nice PVP to PVP once trend had switched to upside. Both trades in chop zone so neither ideal.

But especially #2 shows the value of keeping track of the PVP's. As of time of this picture being taken, would place buy order near entry of #2. Skew indy has moved out of chop zone and there is a good likelihood that after retrace market will probe higher again at least to yesterday's day-session low a few points higher.

Net on both trades: $90.00

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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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  #215 (permalink)
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Mar 10

A double resulting in net + 24 ticks.

#1 entry was below previous high volume price and several ticks lower than the typical SR BO sell price. But this was in first few minutes of the session and I find previous SR levels from the early am session not so reliable, so used the Volume in DOM and JStats display. It was the wrong approach in this case!

#2 was at recent PVP price and SR-P (from minutes before 8.20 day-session open) meaning there was considerable risk on this first position. However, basis the 30 min chart, the market had gapped up by several points, failed to penetrate a downward trendline though touching it almost to the tick, so a retracement to day-session close around 1123-ish seems likely, the only caveat being that 1125 - around where I was entering, was YH level. So it seemed to me that at the very least there would be a re-test of the DL before a solid push up could get underway given the overall downward bias.

So my initial PT on both was a modest 2 ticks just to get out without having initial Drawdown. However, after waffling around for a while, suddenly very large bids came in, at first for 800 (usual vol in Dome is 30-80 for GC) which stayed on the screen for only 1-2 seconds. Then twenty seconds later or so, at two different prices orders for 400 (i.e. the same computer doing the same thing but splitting the orders). I have observed that fading these large program-generated orders is nearly always the way to go so expanded the PT to make a decent profit and also at a recognisable SR level from the early session even though such levels are not all that important.

Got out with Net +24 ticks minus commissions, and then market indeed went down to day-session close and then started retracing.

So good read on the SR levels, not so good to take the double on the first trade but better to do that then take a loser which then has to be made up when in fact it was 'right' all along. Could have expanded stop on #1 versus adding #2 which would be more conservative, but then not so easy to get out at BE+ if it seems the market is turning to positive. There are always pros and cons to everything.
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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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  #216 (permalink)
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March 12

Have marked with ellipse, arrow line and rectangle a very nice skew flip setup that occurred earlier this morning (before I had opened up Ninja). Downmove, then a skew flip at ellipse which corrected back to previous PVP (at rectangle) in picture-perfect fashion. Counter-trend but solid trade.

Then 2 trades in Sim. First a breakout up H2 type CT trade which immediately failed. (I was away from computer when this happened and might have lifted the order.)

#2 is a simple BO sell 2 ticks below current DL in direction of trend with plenty of downside potential looking at the 30 min chart. It was a fairly quick 2.5 pt winner with no heat. In SIM got a much better fill (by 5 ticks) than the order. Net profit of $200 on both trades might have been more like $150 therefore, but still well above Daily Profit Target.

Done.

In terms of CT setups, though, it seems generally true that with a skew flip plus a Brooks-type setup (trendline break, and H2 or L2), that there is a good chance for a return to the mean, and often that is the previous PVP or if that is too far away, the next key SR level that was broken during the recent strong move up or down. Especially when at least one band away from the MA, preferably two or more, the snap-back, or CT, move seems more dependable, and moreover especially if that recent move happened fairly quickly without too much volume in between the previous PVP/consolidation area and the new one, because that way there is not much investment in the price in between and thus is less likely to provide stopping points on the way back up or down to the previous PVP or key SR level. And that previous SR level, if not the PVP, should have had some decent volume there when it was broken, otherwise it might not be all that significant despite how it looks on the chart.
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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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  #217 (permalink)
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Ash,

Congrats on the biz, hope it works out well for you. Sounds like something you enjoy

Mike

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  #218 (permalink)
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Yup. Living in Cape Breton is about tuning into local energy, which is not cyber. I suspect I am going to focus on that for a while and then trade after that is established.

One thing I have not mentioned here is that my account is seriously under-capitalized so that in any case the endeavor was a bit of a long shot. Without a viable Plan B it was fraught with too much emotion.

Look, I just used the verb 'was'. Looks like a decision has been made already! But again: I suspect that after the operation is running - or I find I cannot run it properly/viably - then I can trade in a far healthier context.

And THAT said, I am still sort of on the look-out for a nice area to try to nab a couple of thousand off a $100 risk, i.e. let it run for while, if for no other reason than to help purchase equipment for the low-budget fledgling bakery operation! So am not signing out yet. Things are in an in-between state.

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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  #219 (permalink)
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france
 
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hello hello
Cclsys merci pour votre travail
peut etre une autre idée?
il me semble que le poc et tpo ne se construise pas pareil
si j'ai dis une betise ,desolé
Investor/RT Tour - TPO Indicator

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  #220 (permalink)
Patience my young padawan
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Latest dValueAsh


cclsys Great journal. I downloaded your dValueAsh from the Ninjatrader forum. Do you have the latest version of it? I was backtesting the one from Dean but for some reason I don't think the RtPOC backtests right...
I would basically need the Evolving POC. Please advise.

Thanks!

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