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Catching Big Waves - a trader's journal of surfing the the markets
This was nothing compared to Charlie. I lost a truck and a garage in that storm, had oak trees nearly as wide as my wife is tall fall on us from several directions, traffic light blown into my front yard.
I am in Orlando, and here all we saw of Issac was a little wind and a good amount of rain. Typical feeder band look. Today is beautiful.
I only know from the news that parts of south Florida lost power, but I have heard nothing major about it. Hurricane coverage is a big thing on tv here if something is hapening. I can't count the times I heard the term "hunker down" when Charlie came through.
If you will be nearby, come trade with me for a few days.
Can you help answer these questions from other members on NexusFi?
In a groove today... almost zoned out to the indicators and just following volume. Buyers came in heavy at 95.50.
@Big Mike, in your "afternoon..." you mentioned you trade naked. I am assuming you mean without indicators? I saw the oscillator and the red/blue, and to me that is telling. So are you saying no visual lines means "naked".
I have been considering weaning myself off a few things, and relying more on SR levels, but it really feels like I am lost when I do that. Can you describe what the shift felt like?
I have an RSI on two of my three charts, it is for identifying divergence. There is nothing special about the RSI, you can use many oscillators to do the same thing.
I deleted pivots and cumulative delta and replaced with profile. Profile makes a lot more sense to me in terms of describing the auction value and thus creating important levels for me to monitor for interaction with price. In the end, all of it is just a way to frame the market - none of it is magical levels, which I do not believe in.
I want to test something. It's simple. Place some random lines on your chart prior to the day opening, and see if at the end of the day you feel like those lines were important (try to imagine they weren't random, but some expensive or complicated …
So in other words, if you are a bad trader, putting MP/VP on your chart will not make you a good trader. If you are wanting red-to-green signal generation, go short at this line, go long at this one, etc, then no indicator will help you.
The reason I advocate trading naked is because the majority of people on the forum are caught in indicator hell. They routinely change indicators (multiple times per week or month), and they are trying to find indicators to eliminate chop or create entry signals. It won't work, but most people refuse to accept it.
I actually like and am familiar with my indicators, but I find myself wanting them to have less of an appearance than they do, but without them I have less of a frame of reference. Even if I don't agree with them, because of some higher timeframe whatever, they tell a lot about where price is in relation to where it was.
My dilemma is kind of like wishing the lines were more like sound, and I could turn the volume down?
