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Maletor's Daily Market Review


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Maletor's Daily Market Review

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  #31 (permalink)
Maletor
Boston
 
 
Posts: 88 since Jun 2009
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Thanks.

I got to find the missing semicolon somewhere though.

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  #32 (permalink)
Maletor
Boston
 
 
Posts: 88 since Jun 2009
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I'm not sure about the volume charts.

I just tried the 17711v and the 20000v.

Looks good. And it's been interesting comparing them. It's like a whole different day with different entries.

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  #33 (permalink)
 Big Mike 
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Maletor View Post
It's like a whole different day with different entries.

I think this statement is crucially important. So maybe you don't trade the volume chart, but maybe you use it to help you make improved decisions on your other chart which you do trade.

Mike

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  #34 (permalink)
Maletor
Boston
 
 
Posts: 88 since Jun 2009
Thanks: 7 given, 27 received

I don't think the emotions break up as nicely on volume, tick, and range charts.

There is an expression called "Time is money." I think it applies well here.

The only disadvantage of the 5m chart is that I can't watch the one that starts at the 00 of the 05 min. the 01 of the 05 min. the 02 of the 05min. But, I can see opens and closes which helps with that.

However, these are only simple observations made in the last hour or so.


Big Mike View Post
I think this statement is crucially important. So maybe you don't trade the volume chart, but maybe you use it to help you make improved decisions on your other chart which you do trade.

Mike


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  #35 (permalink)
Maletor
Boston
 
 
Posts: 88 since Jun 2009
Thanks: 7 given, 27 received

ES
+4
+4
-7 (Did not reduce risk, also did not reverse)
+4, +16 swing
+4, +12 swing

One or two missed trades, but no worries. There is plenty of opportunity throughout the day.

Only one thing I could have done differently is the stop and reverse. It's a hell of a play though and kind of reserved for the unusually good traders, so I cautioned out of it. You know, the old double or nothing

Otherwise, a fantastic day.

By the way, raise your hand if you are enjoying these very trendy days.

Here's something I've noticed about my trading. I tend to do leaps and bounds better when I meditate with Holosync. Who knows, maybe it calms me, helps me to think about the technicals more clearly, or maybe it connects me to some universe of knowing, but there have been simply too many coincidences of good trading following meditation to ignore.

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  #36 (permalink)
 Big Mike 
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Maletor View Post
Here's something I've noticed about my trading. I tend to do leaps and bounds better when I meditate with Holosync. Who knows, maybe it calms me, helps me to think about the technicals more clearly, or maybe it connects me to some universe of knowing, but there have been simply too many coincidences of good trading following meditation to ignore.

I am not spiritual etc, but maybe it is just the fact that you did something, anything, outside of the scope of "normal behavior". Maybe the fact that you made the effort is enough for your mind to enter a different state. But, that is a topic for the Psychology forum.

Mike

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  #37 (permalink)
 vast 
Australia
 
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Well done for the day. Personally, I hate trending days. I mainly use reversal patterns. So I get cooked on days like this.
Keep up the good work
Regards

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  #38 (permalink)
Maletor
Boston
 
 
Posts: 88 since Jun 2009
Thanks: 7 given, 27 received

ES
-8, -8
+4, +4
-7
+4

Trade 1 was L1 I piggy backed a swing contract onto. If there was anything wrong with this trade it was that the first leg up was too strong to short into. Should have passed.

Trade 2 was an L2 and double top bear flag. Swung and stopped out for +4 on swing.

Third trade was a breakout pullback short of the triangle. I should not have been in this trade. There were three pushes down and a channel overshoot. Stop selling.

I should have reversed upon being stopped out in order to at least play a trading range correctly.

Number 4 was a high 2 long above the EMA and a higher low after a trendline break.

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  #39 (permalink)
szubaark
la
 
 
Posts: 2 since Jul 2009
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Your 3rd Short was good setup but it failed +5, because like u mentioned 3 Push Down. Few people got caught, so it was a Failed Final Flag, which is good reversal. But it was good setup like i said.

#4 H2 Long was beauty... i woudnt take it because of the Overlap..oh well it worked

see u tomorro

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  #40 (permalink)
Maletor
Boston
 
 
Posts: 88 since Jun 2009
Thanks: 7 given, 27 received


Here is today's trades.

ES
-5
+5
-7
-7

Can't say I'm 100% done for the day, but it is a summer friday and I have a boat that's calling my name.

Bar 1 was an L2 short technically speaking. But I think it was actually an L3, tough read based on the LOD chop.

Bar 2 I reversed and broke even.

Bar 3 was the L4 I thought I was looking for, and it was a EMA gap bar (only first attempt to fill EMA gap.) Double topped, then double bottomed (but I was too ignorant to change my bias) and came down to barb wire and filled H2s for an escalator ride.

On Bar 4 I reversed failed and stopped out.

I'm looking for two legs up to make a higher high or lower low from the bar 4 top and it is there I will short after the bull trendline break down from bar 4.

Other than that I'm pretty much done. How did you read the highlighted area?

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Last Updated on July 15, 2009


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