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Catching Big Waves - a trader's journal of surfing the the markets
I have never actually spotted that formation that I am aware of, noticed the broadening earlier today. It looks like it is going for a wave higher, but it is doing it all over the place. Not sure what to think about it. My gut says to allow it to pass and stay out of the mess.
Not that congestion is new to me, which it what I believe this is, just the shape of it never caught my attention before today.
You could try fading the colors out on your indicators to blend more with the background...more monochromatic
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Gary the way you trade - you might like something similar to this mentioned here to show market structure. I like it a lot better than market profile because it flows.
Here is an easy way to visualize Elliott waves. Prechter and Bill Williams advocated looking at a set series of bars. I can't remember which was which but it seems like one was 120 and the other was 150. So what you can do …
Shows wave action really well. Just fade it out into the background so it is there for reference but not overwhelming.
like this -
later
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
For me, the "volume" is very, very loud on your charts. It makes me nervous to even look at your chart
There is no single chart that works for everyone. Everyone is approaching the market from a different place, and we are all trading our beliefs. If your chart works for you, that is all that matters.
If I counted correctly you have six (seven?) indicators on that chart. I have two indicators on mine, a ZigZag type tool and RSI. You seem to prefer small time frame charts and to compress them together to give you a bigger picture. I prefer big time frame charts. My smallest chart shows two weeks of price, and occupies only 50% of the width of one of my monitors. My next chart shows around 6 weeks of price, and again occupies 50% width on my monitor.
Just to give you an idea.
If you decide to make any changes, you should document them. Why are you making the changes? What do you believe will result from the changes? How will you measure the changes? How long of a period are you willing to do a test before reaching conclusions? etc.
3 donchians, 3 t3s, a ZLEMA, and a wave tick count. But I do not really read them independent of each other, but more as a whole. The DCs were something I was taught, they help me immensely with scalping.
I like the 6 range, mostly because it is what I know. For some reason I feel it allows me to have various definitions inside of price movement. But I watch a 120m and a daily nearly constantly. Even though I do not trade off of it, I feel I consider my "main" chart the 120m, and keep 2-3 weeks in view, and my daily is looking back to June 9 right now.
The places where I want to enter and exit a trade may be changing? And I want something to look at that is more in line with that? My head is changing, and what was previously more important to me is now still something I feel I "need", just because it is familiar, but really I don't. But when I remove it, it feels like I am less comfortable. Sometimes I feel like I would prefer to have volume, SR levels, and nothing else, just to have a simpler view and less constant interpretation.
I am not "unhappy" with what I look at. Similar to the theory of Ichimoku, it gives me a "market at a glance" view, possibly the most beneficial just because I have seen thousands of times.
Really, I had watched your video recently and heard you say you "traded naked", and thought to myself, well, yes maybe once or twice... and then realized what you meant. And have just been questioning that, made me curious if it was a weird change for you or if it felt freeing.
Kind of like, if I were starting today, what would I want to see? And I did not realize that was such a deep question until I asked it. If I were not familiar with certain things, would I choose them now? Maybe not.
Just what is in thought with me this week.
What I am finding, is that I am gaining comfort with uncertainty, and I am discovering that I pick up different information that I have in the past. Those two are coming together to cause me to want to look around a little.
Yes Charlie was a storm to remember for both of us then, i saw the swimming pools at the complex i was staying at get ruined and a lot of trees and traffic lights every were and some beautiful cars squashed :`----(
I was more concerned about trying to meet this girl i meet out there called Amy from Boston LoL, so young and stupid
Sounds good to me, i will be in contact over the few weeks with my fellow traders and sidekicks. Would be great to put a face to your journal....even if i have now seen you massive afro hair from your youth "Love it "
Keep up the good work, between crude oil, futures.io (formerly BMT), your journal and Sir Hedvig IIV i keep myself highly amused most days
Keep safe
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
