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