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Catching Big Waves - a trader's journal of surfing the the markets
I go back and forth, reading and re-reading. When trading is going on, it is hard to think much of anything other than what I have trained myself to do. I tend to think on the weekends, then back to automatic pilot for 5 days.
Found a photo. We used to have a group that went to the Keys every year for mini-season for Florida lobsters. I don't know how long it lasted, but maybe 6-8 years. It was the only vacation I would take, but I took it every year. We would check into a house on a Saturday, and it took me until around Wednesday to feel relaxed.
One year I asked someone to take a photo of me, standing on a boat, shirt off, with my arms held out in a wide open but relaxed position... I wanted to remember the moment and what it felt like. No stress, completely free feeling.
I recall a trade I took this year, spread my arms wide and then said out load, "yes", invoking a feeling from having taught myself how through that photograph.
Can you help answer these questions from other members on NexusFi?
More than a friend, a father figure to me, Peter has been a great addition to my life. He just mailed me his recent training video for "chi". I have not tried it, we walk our own paths somewhat, but if he does it I would believe in it.
I'm not sure when or where, but sometime this month I am going to take a trade with some reasonable stop, 50-100 ticks, and let it ride.
I think to not interfere with other trades I will take it in QM, but make sure it is always in view so I have to watch it. 2 contracts in QM... at $500 to $1,000 stop loss overall...
It is not the money it makes, but the practice it will give, seeing the dollars be given and then taken away, over and over, and working on not being attached to the outcome.
I think the entry will be based on a confluence area, and some oscillator possiblly... the confirmation will be volume... and the trigger a time-based bar reversal...
My grand kids ask, "Why do you have a pony tail grandpa?" My answer is, "Because I can."
Although I don't trade oil, I believe many of us here on nexusfi.com (formerly BMT) consider you the "in-house" Oil Man.
Was wondering of your thoughts about the storm heading into the gulf, I would assume the rigs are in the process of shutting down and getting their crews on solid ground. I would think tonight's open might be particularly interesting to an Oil Man like you.
Yes, I was watching the Hurricane Tracker while I was in the shower this morning. Right now it is targeting a little closer to the panhandle, we are feeling the feeder bands here in Orlando, a few Miami areas have lost power. From what I have been reading, a lot of oil rig evacs have already been taking place.
If this thing can stall in the gulf and strengthen, allowing for more westward movement...that should provide some fuel.
But, without a direct hit, this will pass in no time and larger factors will be at play again. There was still that possible minimum 5WM completion target in CL that was hit last week, and then decent push lower. And ES had a daily outside day sometime last week, coming down harder still at the 618. 6E hit it's minimum 5W target also last week, maybe Thursday?
I don't have any charts open on my laptop, stopped looking mid-day Friday, but will go through my Sunday chart analysis later on my main computer. But I think CL caught at a 120m W4 target and was trying to run higher, then hit the 120m 618 & 30m 5WM target, and came down 50+ ticks... but I did not watch the close, made myself walk away at some point, so a lot will depend on where price was at the close and is at the open. I will be there at 6pm though, just because I enjoy it.
Volume should return to the markets soon, and I am more excited about that than I am the storm.
I cut the hair all off at once. It was to my waist, I had gotten hired to run a big project, late twenty-something, walked into a mall where there was a bar next to a hair cutting place... had 3 shots of tequila and then walked next door. My wife literally cried, right there in the store. Or, fiancee. She was upset with me for not waiting until we had our wedding photos.
I cut it to become someone else for awhile. If I had it to do over, I'm not sure I would make the same choice. But today, I prefer low maintenance, and when my hair grows out it goes up and out, not down, so my pony tail days may be over. Putting the piercings back in would be a lot easier...
On the higher timeframes, this move up is having far more overlap than the prior major moves up. Low volume is most likely contributing, but the strength is diminishing at least in appearance.
But, going with a similar base to the 120m in CL, the local DB around 1320, ES tried to hold above it's w4 of 1388 target on Friday, blowing new shorts out of the water. CL did make it closer to the w 4 area target of 95.28...
