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Ready Aim Fire Bullseye


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Ready Aim Fire Bullseye

  #151 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
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Wasn't prepared at market opening. Had urge to have all ducks in a row including i.e. cleaned off desk. Felt rushed. There were two short opportunities after the opening. Didn't see them in time. Volumes were low and indies didn't fire convincingly. Didn't feel right to trade and I didn't.


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  #152 (permalink)
 
vovan348's Avatar
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
Posts: 460 since Mar 2011
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HighRise1202 View Post
Wasn't prepared at market opening. Had urge to have all ducks in a row including i.e. cleaned off desk. Felt rushed. There were two short opportunities after the opening. Didn't see them in time. Volumes were low and indies didn't fire convincingly. Didn't feel right to trade and I didn't.

I really wish I could say "It didn't feel right to trade and I didn't". I guess for me it always feels right to trade but comes out wrong.

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  #153 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274



vovan348 View Post
I really wish I could say "It didn't feel right to trade and I didn't". I guess for me it always feels right to trade but comes out wrong.

Vovan, your candid comment is much appreciated. I thought hard on how to respond. I don't feel knowledgeable enough to give advice. However, I do feel comfortable repeating what I've read. Analyze your losing trades (in writing) and don't be unhappy with them. Learn from them.

We are helping each other to succeed and I believe we will.

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  #154 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274

I brought vegetables out from the fridge and placed them before the market price. The veggies got finely chopped and I was spared from all that work! No Trades TF Jan 10 2012


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  #155 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
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Nice lesson today. Traded at the edge. How many times have we heard, "If it doesn't go to here (the deeps), it will go to here (next level of the deeps). Well, I went for the pivot at the first point and stopped out. Then I didn't go for the second point. After 3 gifts I wanted to quit (and likely should have), except that I saw another setup and traded. That trade worked well and the next...well, please listen to the video. I recouped all but a tick. I'm pleased with the lesson.

I was pleased with my level of composure. There were a few times when my "cool, calm, and collected" wavered. They can occur any time; before, during, or between trades.


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  #156 (permalink)
 bayfisherman 
Tallahassee
 
Posts: 57 since Jan 2012

How did you come by the number of ticks you are using for each chart...trial and error or some other logical arrangement?

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  #157 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274


bayfisherman View Post
How did you come by the number of ticks you are using for each chart...trial and error or some other logical arrangement?

They are Fibonacci numbers.

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  #158 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
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Whoa! Lost my business and trading plans somewhere today. Also lost over 5 points. At least I was cool, calm, and collected. I'll look around and see if I can find my plans again. Tomorrow looks like a good day to take off. Best of trading to you.

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  #159 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
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HighRise1202 View Post
Whoa! Lost my business and trading plans somewhere today. Also lost over 5 points. At least I was cool, calm, and collected. I'll look around and see if I can find my plans again. Tomorrow looks like a good day to take off. Best of trading to you.

Good attitude.

I have to admit, it didn't seem super duper clear to me today. So, then why did I trade... Good question. haha...

To me the market is very 'jumpy' or 'unsure' which is fine but it seems like the tempo is speeding up, slowing down, speeding up, slowing down, but maybe that is just my interpretation and all me.


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  #160 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274


Today I was more disciplined. My first trade was a long based on 610 coming from below. I didn’t manage the stop well losing 3 ticks vs. making 2.5 points. Note: The first two trades would have reached my goal of 1.5 points for the day had I “taken them.” Here is a struggle; one wise x-floor trader says go for modest daily gains. Several experienced traders say trade your plan and don’t exit until the plan specifics dictate so. WHAT TO DO?!?

Noted one out of two short pivots turned at the 76/23 Fib.

Had hand shaking going on early. Later it went away.


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Last Updated on November 2, 2012


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