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Catching Big Waves - a trader's journal of surfing the the markets
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Catching Big Waves - a trader's journal of surfing the the markets

  #3311 (permalink)
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GaryD View Post
It would be better if we were in agreement over something besides that, but we are in agreement nonetheless. It is easier to be "right" on smaller moves, easier to be "right" when I close a trade while it is ahead.

My mind's focus is 70% on the turning point, 29% on any profit, and 1% on a target. To me, for who knows why, the "target" is mostly the next place I would want to enter short, instead of exit long. The lines on the chart are the same, but I only am receiving a portion of the benefit from them.

For the most part, I know where to enter. I need to condition myself to set it free after I do. It's hard to do because, I think, I want confirmation on a regular basis, some tangible evidence that I am right?

"Needy" almost. Constantly asking price, "Do you love me? How much do you love me?" every five fucking minutes. LOL!!! At least I got a laugh out of that, but it seems somewhat pitiful when I read it again. I always have the option to hit the backspace key, yet rarely do.

-------------------
Last comment(s) from me today~~getting ready for all of my swingtrades to open @6pm est.

This is once again my own humble solicited opinion.

a) Mark Douglas' 2nd book would help you more. Amazon.com: Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (9780735201446): Mark Douglas: Books

b) If you insist on putting on a good position for a swingtrade; why can't you trade in and out of it on smaller timeframes while keeping your 'base' position on until you hit your larger targets?

I do~~it is not difficult. You have the money for margin. You will be loved, the markets will love you. You are a hero, the markets and @GaryD win.

Find a way to root out the real issue you have with your obsession to nail swing trades. I can SHOW you in September how to swingtrade w/75% accuracy for the REAL market moves on 480minute/720 and/or daily charts w/ entries on the 120 minute chart OR a bit larger timeframes if you don't want to be glued to your monitor that much; such as 720minute/daily/3 day chart timeframes

IF

a) You want to be bored out of your mind and trade asset classes such as Energies/Interest Rates/Indices/Grains/Metals & Currencies

b) You don't want to use esoteric or geometry/gann and just want a top-down methodology that again, will bore the f*ck out of you and you will master within a week

c) You are tired of just trading swings in one market and want to diversify a bit.

d) You want to eventually trade size baby; yes~~size DOES matter.

Money doesn't make our lives transformational--it allows us to use our time in exactly the way we desire; that my friend--is freedom.

I am talking about the markets and NOT real estate nor being in other leveraged speculative investments.

We buy & sell money and we are liquid; we are free; and we are the moneychangers. We matter & we will be remembered if we leave some kind of lasting legacy behind (if that is one's desire).

I am feeling a bit philosophical today; my father passed away on Saturday June 23rd, 1:11pm EST USA.

Life and trading is a journey AND a destination as well.

We are all but dust & nothingness~yet there is meaning and there is today. People in our lives come and go and live and die so that we can make our own lives matter; in our own unique way.

Today is important & that is what I (we, us & everyone) have to work with.

So work @your trading and work on yourself and somewhere in the middle of all of that a bit of luck sure doesn't hurt. If trading really is that important to one self; then NOTHING gets in the way~~and I mean NOTHING.

Live your passion without regrets or excuses; indeed.

peace

hedvig

Think on it!


Last edited by researcher247; June 24th, 2012 at 07:13 PM.
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  #3312 (permalink)
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Hedvig,

Sorry to learn about your father. I hope you are able to take some time to reflect, and move forward happily.

Mike

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  #3313 (permalink)
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"The Five Remembrances"

I am of the nature to grow old. There is no way to escape growing old.

I am of the nature to have ill-health. There is no way to escape having ill-health.

I am of the nature to die. There is no way to escape death.

All that is dear to me and everyone I love are of the nature to change. There is no way to escape being separated from them.

My actions are my only true belongings. I cannot escape the consequences of my actions. My actions are the ground on which I stand.

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I am watching for some confirmation that CL wants to at least put in a higher degree ABC, with WB in progress, but a retest is certainly a possibility, and both 6E and ES broke their lows overnight, so I am more cautious of the upside than I would have been on Friday.

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Last edited by GaryD; June 25th, 2012 at 08:15 AM.
 
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I initially targeted the area crude it in as this morning's potential long entry, but I would prefer to see some confluence with the Wc calculation and a higher timeframe target, and this is kind of falling in the middle. If the turn occurs here. RR would be 70/30. If crude can slip a little further it would bring the 100app into line with the 382 and prior pivot...

 
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The pressure from the storm potential has been removed somewhat.

 
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Reverse engineering an abc to where I would want it, which could prove to be pointless, shows 78.24, one tick off the 786 on a 30 minute...



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Moving the WC start by backing into it worked well today, but the move up felt "wrong" the entire time as it fought ES all day.


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Last edited by GaryD; June 25th, 2012 at 04:35 PM.
 
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Buying felt right from a technical perspective, but it seemed as if that were the only reason to buy? Not sure what I felt today, but I did stick to my plan and buy, my belief being I was to stay on the buy side unless the low broke, having received such a move that towered over price saying "I am wave A"... But ES could barely stand up, and I kept seeing that on the left screen, and felt a little queasy even while in a winning trade.

Or, maybe that is the prune juice and alfalfa sprout smoothie I had yesterday that smelled like I was cleaning the underside of my lawnmower....


Last edited by GaryD; June 25th, 2012 at 06:05 PM.

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