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Tommy's Revenge


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Tommy's Revenge

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  #1 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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In the last couple of weeks I elliminated my wcci in an effort to clean up my chart & was going mainly off of PA with Camarilla pivot points & a 55ema...I went live after some success in sim, managed some small losses YM -$25 to -$35 which is reasonable then I let 2 bigger losses happen..-$105 & -$50 which hurts a small account.

Ive read alot of other people's journals & got a better sense of how to journal.

This week Im going to sim all week & treat it like real money, start at 7:00am, well maybe 7:30am or ish 7:30ish. we'll see...I did some electrical work, made some money to replemish trading account some.

I really like my wcci, never bought into just using wcci w/out looking at PA, thats just dumb. Never even looked in their trading room, over at Woodies. Been using wcci for about..a very long time..2 yrs at least. I trust it & love it. Ive just recently came accross camarilla, a month ago appr. I do like that also.

Im solid w/ the 55ema & a 200sma..I bought a course called "Tommies Revenge" that consist of using the 55ema w/ 4 smaller ema's as a fan.. 6, 8, 10, 12ema's but I changed them for me being 4,8,12,16ema..actually the guy gave me the course for free cus Ive bought other courses in the past & I said.. c'mon..long story short He gave it to me for free..that was very solid on his part.

SO..Heres the strategy

When PA crosses 55 either enter or wait til pa retraces back to or near 55 and forms a 3 candle swing & enter their, w/ a small st loss just at previous candle level, if pa takes out last candle then Im wrong anyways.

When 4ema (red line) is way seperated from 16ema (blue line) pa is over extended, so obviously dont enter the trend their, althou I have lately...must be the "live trading" deer in the head lights effect? I swear!

I either keep my stop on the blue line 16ema or 55ema white line. Actually to prevent giving up too much profit, close trade after a closed candle past the blue line 16ma, but again, ive seen pa continue in direction for awhile just by staying on 55ma, its always a gamble.

I also use wcci in conjunction w/ the crossing of the 55 and or after a pullback has completed, the wcci is perfect w/ this system..it gives me confirmation & confidance, I never should of removed it in the last 2 weeks. WCCI.

I'll post a screenshot a quick minute & discribe how effective wcci is for me along w/ triggers on Tommies Revenge stratigy. my internet goes out alot (at&t) so pa is different on both charts.

I basicly laid out on the chart the meaning of the colors w/ wcci and signaled w/ a pink small line as cci line crossed over zero line...my intent is to enter as cci line (either simutanesly or after pa also crosses 55) crosses zero line & stay the trade until pa crosses back down the other way or the +100 line. - & + 100 line is major s/r at that moment...its extremely effective. I alot of times had entered once pa crossed 100 line instead of zeroline.

Tomarrow..have a good one all.

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  #3 (permalink)
Billbb
GrandRapids, Michigan
 
 
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1st trade...

*PA crossed 55ema (wht line)

*Zeroline has been green, for 3 sqrs before my entry.

*CCI line did cross over zeroline, thuo it did hug it for alittle bit...cci line past +100 line (s/r)

I could of & should of taken a $50 profit, but I wanted to keep stop on my 55ema and see what happens & pa came back down to 55ma & took me out -$30

2nd trade...

PA stayed above 55ma & at the time zeroline was green while cci line was above zeroline...took some heat at first but price never closed below 55ma..was seeing +10..15..20,25 back down to +5 to - 5 /15 but I kept stop on 55ma and from seeing pa break many times, knew to be patient. It broke and I closed out w/ 12 points

3rd view...

I can see by still keeping w/ my stop on 55ma could of got another 20 points and still be in their for the next break out?

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  #4 (permalink)
Billbb
GrandRapids, Michigan
 
 
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Now id still be in that last trade at the point I got out quickly rite at 13130 except it would be a moving stp and could opt to close at any point still....at worst be stoped out w/ 12 points.

The human element of trading

I had to reenter the pic using jpeg..Now stop would be at 13132 eventhough pa is showing pressure

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 ThatManFromTexas 
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WCCI 21 with no turbo today


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #6 (permalink)
Billbb
GrandRapids, Michigan
 
 
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ThatManFromTexas View Post
WCCI 21 with no turbo today


Thanks for sharing..

The period u use is 21, rite? Those arrows on ur wcci, do they pop up automaticly? and what r they called? so I can look for them & download them, if their free.

Heres my settings...I do use a 34 period, I have used a 50 & sometimes go see how a 14 looks in comparison.

Thanks again.

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  #7 (permalink)
Billbb
GrandRapids, Michigan
 
 
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I marked a pink horizontal line indicating crosses of cci line on the wcci and at the same time PA crossed 55ema, 2nd cross marked by a pink line on wcci, the pa was already over 55ema, a 3 candle swing occured.

Also a note to mostly myself, so I dont do this particlar move in real or sim...

If PA is already over or under 55ema and been their all day pretty much, even on 7 range then go in that direction please. Im begging to myself.

I changed from 4 to 5 range just to peak at the difference.

See how price continued? Im playing w the fonts.

I changed period on wcci from 34 to 21, just experimenting

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  #8 (permalink)
Billbb
GrandRapids, Michigan
 
 
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Now its apparent I did get lucky & timed the exit for 23 YM points.

The 2 inbetween I put stops at previous candle, but I was wondering as I was going thru all the hits, to just set a stop at -$100 (20 points) & let it be, instead of paying commisions for all the PA noise +w/ emotions. Go outside and puff a backwoods cigar.

Glad it ended on a good note. p.s. sorta, Throw a dog a bone, hit that thankYou button real quick.

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  #9 (permalink)
Billbb
GrandRapids, Michigan
 
 
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I took a short sinse 55ema was below 200sma & I knew it wasnt perfect timming either, so I just put up a $100 stop & did other things besides watching PA.

I was watching PA before the breakout and closed it after I was satisfied.

If I would of put on a 20 point stop from my 1st trade this morning I would still be in that trade from 13186 & close trade eventually.

The $140 on my dome is accumulative from earlier. The pink horizontal line was location of stop.

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Billbb
GrandRapids, Michigan
 
 
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And I could of been satisfied by placing stop at BE+ 3 or +4 up until almost close. ?

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  #11 (permalink)
Billbb
GrandRapids, Michigan
 
 
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I drew a trendline & were making higher lows & soforth, so I took a long at trendline and placed a 20 point stop in order to see how she holds up.

Rite now looks like a 10 point stp loss would of taken me out. Lets see...Pink horizontal line benieth 13140 shows stp

Close guys..I was up +$20 recently, didnt have time to show it..messing w this chart, forgot to use jpeg on middle one.Deleted said chart..all charts r good.

It got me..see that? It swung rite afterwords..I wanted to move stp slightly, but for my purpose I kept it their. I did have +$20 for a moment but didnt see it at the time. Playing w/ these settings.

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  #12 (permalink)
Billbb
GrandRapids, Michigan
 
 
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Even when PA is on the trendline...WAIT for a swing if IM gonna take it. (not really screaming)

Also, Tommies Revenge 3 candle exit rule I violated, I violated in order to test my 20 point stp.

Im gonna try something in alittle while, dont kno if it will work? So you all can watch my Tommies Revenge training video or videos.

Heres set up of TR..Tommies Revenge.. I want to see if video plays first? Then I'll put up all 9 or 11, forget which it is. Im using WinRAR, thats what they came in.

Dont see the video? I'll try on a new post reply.

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  #13 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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So I took a short and just let it ride, was up $50 acouple of times then back down around $70ish then PA hit support and grabed $135 net 35

I noticed u guys dont give out thankyou's much? The way I look at it, when I read someones item I just slap a thanks sinse I took the time to read it, thats me. I quess it has to really move you?

Babysitting grandbaby today & he grabed my mouse and some how moved the bar on desktop? Can anyone tell me how to put it back to the bottom please? Thank You.

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  #14 (permalink)
Billbb
GrandRapids, Michigan
 
 
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Took a short rite here...

Put my stop at 200 ma and lets see what happens...Okay that worked well.

If you havent gotten anything from any of my post, my appoligies.

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 ThatManFromTexas 
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Billbb View Post
Took a short rite here...

Put my stop at 200 ma and lets see what happens...Okay that worked well.

If you havent gotten anything from any of my post, my appoligies.

They're probably just in awe...

Thanks for posting.

YM WCCI21 03/28/2012


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 aligator 
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ThatManFromTexas View Post
They're probably just in awe...

Thanks for posting.

YM WCCI21 03/28/2012


@ThatManFromTexas

Do you actually trade WCCI? Using signals based on 14 period WCCI on a 21 period WCCI plot gives good entries if the 21 period CCI agrees.

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 ThatManFromTexas 
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aligator View Post
@ThatManFromTexas

Do you actually trade WCCI?


No, just trying to contribute to the conversation.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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Billbb
GrandRapids, Michigan
 
 
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ThatManFromTexas View Post
They're probably just in awe...

Thanks for posting.

YM WCCI21 03/28/2012


Thanks

And, yes..I actually do trade using wcci, i think its reliable.

I have read alot of post in this room and havent come accross anyone who is killing it yet. So find me someone who is and i will follow their technique and trash wcci.

Hows aligator doing w his trading? Full time occupation?

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 ThatManFromTexas 
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Billbb View Post
Thanks

And, yes..I actually do trade using wcci, i think its reliable.

I have read alot of post in this room and havent come accross anyone who is killing it yet. So find me someone who is and i will follow their technique and trash wcci.

@Billbb

Use what works for you. Everything else is superfluous.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Gary 
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Billbb View Post
Thanks

I have read alot of post in this room and havent come accross anyone who is killing it yet. So find me someone who is and i will follow their technique and trash wcci.

Everyone is killing 'it'. Just depends on what 'it' is. To some it is their account, others their mental stability, their confidence, packs of cigarettes, and then there are those who are helping them kill 'it' by being on the other sides of those trades.

As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
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 ThatManFromTexas 
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Gary View Post
Everyone is killing 'it'. Just depends on what 'it' is. To some it is their account, others their mental stability, their confidence, packs of cigarettes, and then there are those who are helping them kill 'it' by being on the other sides of those trades.


I try to help other traders by not giving them my advice....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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Billbb
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Lets watch

Lets say its like breathing

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Billbb
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ThatManFromTexas View Post
I try to help other traders by not giving them my advice....

Your a good man!

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 cbritton 
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Billbb View Post
Lets watch

Lets say its like breathing

What is the reasoning for the exit at 13064 (~11:45ish on your chart)? I'm not familiar with WCCI, so please excuse my ignorance.

Thanks,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
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 ThatManFromTexas 
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More than one way to look at things....


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 aligator 
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Billbb View Post
Thanks

And, yes..I actually do trade using wcci, i think its reliable.

I have read alot of post in this room and havent come accross anyone who is killing it yet. So find me someone who is and i will follow their technique and trash wcci.

Hows aligator doing w his trading? Full time occupation?

The man himself switched to price action and does not trade the indicator anymore, not at least as the original WCCI.

Yes, full time.

btw, what are your entries based on?

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 ThatManFromTexas 
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aligator View Post
The man himself switched to price action and does not trade the indicator anymore, not at least as the original WCCI.

Yes, full time.

btw, what are your entries based on?

The WCCI = regular CCI, with Ken Wood's ("Woodie" of WoodiesCCIclub) filters added.

Typical Price = (H+L+C/3)

CCI= Typical Price - SMA(TypicalPrice,Period)/ (Typical Price -SMA(TypicalPrice,Period)*.015)

The WCCI is a graphical representation of the relationship between Price and a Moving average of price, "Normalized" to produce an oscillator with boundries.

That is why movement of the WCCI is correlated with Price-Moving Average movement.

Note the similarities



Trading the WCCI is very close to trading Price Action

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 aligator 
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ThatManFromTexas View Post

Trading the WCCI is very close to trading Price Action

Correct. Your conclusion applies to almost any momentum oscillator. We don't need no stinky indicators (unless you have a leading indicator, as he used to claim - funny, he still does)

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 ThatManFromTexas 
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aligator View Post
Correct. Your conclusion applies to almost any momentum oscillator. We don't need no stinky indicators (unless you have a leading indicator, as he used to claim - funny, he still does)

His claim is a matter of perspective.

By dividing the Mean by .015*Mean forces the CCI to return to neutral territory from overbought or oversold before price falls or rises.

You could view that as the CCI "leading" price ... but then again .... you could view that as the CCI overreacting and getting you out of a position too early ....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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Billbb
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cbritton View Post
What is the reasoning for the exit at 13064 (~11:45ish on your chart)? I'm not familiar with WCCI, so please excuse my ignorance.

Thanks,
-C

I should of stayed in because pa didnt even come to the green line (8ema) but I just took the profit at hand.
Thats not ignorance, that was a very good question.

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Billbb
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aligator View Post
The man himself switched to price action and does not trade the indicator anymore, not at least as the original WCCI.

Yes, full time.

btw, what are your entries based on?

Woodie doesnt trade his own indicator anymore? I read the other topic. Im not one of these woodie people, just liked the indicator.

Okay, You trade full time. Thats better then me. Im trying to achieve that goal. I respect you for your achievement.

My entries are based on cci crossing zeroline and trendline strong (green) or normal (yellow) Chopline brown (when shorting) And price crossing 55ema and as long 55 is below 200sma.

Yesterday & today I was experimenting w/ having a 20 point stop and that worked out when I had trend direction right. Sometimes today I did jump the gun but a larger stp kept me in it.

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 aligator 
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ThatManFromTexas View Post

By dividing the Mean by .015*Mean forces the CCI to return to neutral territory from overbought or oversold before price falls or rises.

Dividing History by 0.015 * History is still History by any perspective. Granted with range bars you can use price levels to project future CCI values but can't do the reverse

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 aligator 
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Billbb View Post

Yesterday & today I was experimenting w/ having a 20 point stop and that worked out when I had trend direction right. Sometimes today I did jump the gun but a larger stp kept me in it.

Thanks and good luck! Amazing how large stops can be a blessing or a curse. One has to find the sweet spot to keep R/R >1.

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 ThatManFromTexas 
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aligator View Post
Dividing History by 0.015 * History is still History by any perspective. Granted with range bars you can use price levels to project future CCI values but can't do the reverse

Price is going to do ... what price is going to do....

The math forces the CCI to turn up or down before price does.... of course if price doesn't follow... the CCI will return to "Overbought" (+100) or "OverSold"(-100) ......

Eventually when price does follow ....

CCI believers look at it and say , "See.... the CCI warned us that price was going to turn ... way before it actually did"

TMFT looks at it and says, "That's why I don't use the CCI... it gets you out of a trade too early..."


Like I said.... it's a matter of perspective....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 ThatManFromTexas 
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Billbb View Post
Yesterday & today I was experimenting w/ having a 20 point stop and that worked out when I had trend direction right. Sometimes today I did jump the gun but a larger stp kept me in it.

@Billbb

If you keep statistics , it can take the guess work out of deciding what values work the best.

Attached are statistics from a test of a CCI strategy from June 2010 thru Oct 2010

CCI21_2010_June_Oct.xls

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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Billbb
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Thanks and good luck! Amazing how large stops can be a blessing or a curse. One has to find the sweet spot to keep R/R >1.

Yeah, This week Im totally putting 20 point stops to see how things turn out, as long as I can get the trend correct? A few days ago when I had 2 small stops take me out, realizing commisions, I would of been better off if I had a larger stp.

I mean, why not bet $100 from the start and let it happen? Iin real, more so. Give my trade a chance. Im about to post a trade but wanted to get to some of these post.

I more so want to see a system that Im testing fail as strange as that may sound, and if it can pass the no fail test, then..I can confidently use it w/ my money.

Thanks alligator,

Yours truly,

B

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Billbb
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My ninja is actually shut off rite now, its been an 1/2 hr.. so Im really testing the 20 point stop. The last time I seen it I moved stp to BE + 2 and was up $70, it was jirating.

Obvious my internet is back up but my control center would freeze when I tried to turn it back on, twice now. Today.

We'll see we'll see we'll see. As soon as I pull $$ out of trading account Im going to another internet provider.
Im so tired of tracking drop times and play these games.

It looks like a 4th wave, except 3rd wv wasnt really longer then wave 1, it looked right however. Reason I got out was "Tommies revenge" rule..When PA closes beyond blue line mo mo has reversed, PA sometimes or alot of times hits 16ema (blue line) & continues. Good time to rejoin the trend once we have a 3 candle swing.

I peaked..it was 4th wave, wave 5 looks extended or failed, probably was a good exit? Yes it was..ABC? dont know?

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Billbb
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.....Haah Got out too soon! Thought abc was finished, oh well

Here was thinking a bigger picture ABC, was up $20 but didnt want to give back.

Isnt that an extended ABC, I think it is? Now that I look at it. I bought in at top..no no

Might have xyz in wrong places? Have to mlook at notes, my tempplates. ABC not XYZ. keep forgetting to use jpeg...C is being extended.

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Billbb
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Im long at 12998, Im froze again, last was up $25 Got a $50 stop, want to move to $100 but cant! I think we reached bottm and its 11:08 reverses occur around 11:00 ive been told. And seems to be valid.

Cant show pic rite now, dont even kno if Im in it? probably am. Finaly got it back. I took a hit for $30 I think? didnt let stop get rung.. When u think u know market can humble yea

I better stay w/ a simple rule...If 55 is below 200 then look for short opportunities applying the rest of it.

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Billbb
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I shorted due to 55 below 200 ..pa closing below 200 and got out cus of long tail and wasnt rolling over.

I figured low risk, as I was placing stp 2 points back price met me there I then hung alittle..it wasnt happening I think Im in the over trading mode now? If I was rite, I would just be feeding the monster in me. Arrrrr

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 ThatManFromTexas 
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If you are having those kind of problems with NT freezing and dropping connections... why are you still trading today?


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Gary 
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ThatManFromTexas View Post
If you are having those kind of problems with NT freezing and dropping connections... why are you still trading today?


The thrills? Trading can often be boring. Why not add a little "spice" to it and have intermittent connectivity and platform issues to keep you on your feet?

As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
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Billbb
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If you are having those kind of problems with NT freezing and dropping connections... why are you still trading today?


Because I march on... Plus I dont want to waste a day in not testing stuff.
Ive never had ninja freeze so much? That was wild. HufalaDumma Mirskies....

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Billbb
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Gary View Post
The thrills? Trading can often be boring. Why not add a little "spice" to it and have intermittent connectivity and platform issues to keep you on your feet?

Thats what I say! Enable enable

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 ThatManFromTexas 
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Gary View Post
The thrills? Trading can often be boring. Why not add a little "spice" to it and have intermittent connectivity and platform issues to keep you on your feet?


Billbb View Post
Thats what I say!

That's one way to look at it .... but then again....



I just didn't want to be an enabler....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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Billbb
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..

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Billbb
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Im testing once again the $100 stop for myself early morning. We are are at 61.80% both on extension from just yesterdays move down and retracement from tuesday top to yesterdays low.

Lets see what happens?....We got a double top and a failed swing high..that was enough to cut bait..we are at 61.8 and dont things usually turn around from there? That was on the back of my mind when I went long, now would be a good short I bet (pund)

Crap...I just shorted..lets see if Im wrong..

Short w/ 20 point stop after a double top & failed swing high, I wonder if the odds are w/ me? I could wait til pa breaks wedge, but too late.

PA got me out and thats fine, Ill go as price allows..

Im shorting now, using $100 stp cus I believe its turning, may not have timing right so give some room, let it work. Canceled stop cus over extended, whats another few bucks if wrong? Pheww who knows?

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 Big Mike 
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Billbb View Post
Im going to start up this journal, its my 2nd one, think Big Mike might of deleted it, not sure?

Haven't touched it, it is right where you left it:



Mike

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 Big Mike 
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Congratulations on your journal!



In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.

A) What are the top five benefits you have seen as a result of regularly posting in this journal?

B) What are the top five problem areas you have identified as a result of regularly posting in this journal?

C) Were you initially reluctant to start this trading journal? If yes, why?

D) How do you feel, overall, about your journaling experience?

E) Would you recommend to others that they should also start a trading journal?

Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.

Enjoy your weekend,
Mike

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  #50 (permalink)
Billbb
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Big Mike View Post
Haven't touched it, it is right where you left it:



Mike

I know now, Mike. I didnt understand completely how everything works..its just furthur back.

This is a great forum, Im seeing the benifits of journaling. I will become a member as soon as I draw fom my trading account.

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  #51 (permalink)
Billbb
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Made my notes on charts. Also mostly for my own records & learning proccess. I welcome any insights from traders that care to give input.

Thanks for peaking.

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Billbb
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Preseved capital..overall still look bearish as of 9:00

*Had foolish entry however got trend right which is why I didnt lose. 20point st loss kept me in it for a long time. Hope I wouldnt have made an entry like that in real, though.

Dont be bashfull hit the thanks button, let me kno that u care! Unless ur cold cold cold.....cold..

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Billbb
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Billbb
GrandRapids, Michigan
 
 
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Most comments are on charts, Im basicly wanting to watch & learn as I move stop from ea. swing, I know I could of closed at some much better level but I want to witness the PA turn around as Im in it, take advantage of sim in this way.

As I write PA is attempting to make a LL, looks like a swng up at same lower level, 3 times L level.

Im trying a indicator..RSI-MA-350.

Dont be bashfull hit the thanks if u are reading this, dont worry I wont win...

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Billbb
GrandRapids, Michigan
 
 
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We made a HSL after a tripple bottom (support) * PA Crosses 55ema, Fan is crossing 55

I could wait for a swing low ontop of 55ema, which would be a launching pad for a long..I will wait for 2 swings befor moving my stop.

HOLY CRAP...LOOKET THOSE ROUGH SEAS AHEAD!!

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Billbb
GrandRapids, Michigan
 
 
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It look like a 3 candle swing down while price was below 55ema..but 55 was above 200sma..

I must must must watch that! Hit the thanks yet?

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Billbb
GrandRapids, Michigan
 
 
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Cought the slide

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Billbb
GrandRapids, Michigan
 
 
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Man, Look at that now! This just goes to show me once again...pretty much if 55 is below 200..Roll w/ that!

Thats pretty much a Bull Trap..

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Billbb
GrandRapids, Michigan
 
 
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Shorted out of the acsending wedge exactly, but took profit too soon..

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  #60 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Took trade about emmieditly from logging in...not the smartest thing, but however, the 20 point stp along w/ the trend really kept it interesting w/out getting stoped out.

Didnt trade w/ Tommy's rules exactly, that system is designed to get u out withen 3 bars or less if pa doesnt agree, to keep minimum loss to tiny profit if wrong when exicuted the right way. I have Tommys Revenge & Bear Market BullDog courses up front on my agenda to review. To start getting serious w/ exicution.

Have a good & prifitable day everyone, madhouse comming soon for me...

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  #61 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Im still using wcci, I just have it squeezed at the bottom on 4range chrt. Mainly wcci is used for divergenge for me. The others are Volume & 3 W%R's...8 period red, 21 blue, & 55 green.

When all w%r's point down or up is just a signal for a potantial reversal and when green & blue stay up while red goes down its likely a continuation. Theres more into reading the 3 w%r's with interpreting pa. Im not an expert at it but I think its time that I try to be one.

I worked some of my Bear Market Bulldog all day yesterday, I forgot markets close today, should of traded yesterday & today study. And Im going over Tommys Revenge today as well.

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  #62 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Trade 1..

With the break of trendline pa failed to make another swing low, made a higher swinglow then broke previous swing high level. Risk was low due to placing stop beneath the 1st higher swing low.

Low risk High odds setup.


Trade 2..

After the paycycle was complete we had consolidation that was a sideways channel, with the break of channel risk was at channel line, small..about $40. Small paycycle...added 24 points.

Also notice green w%r is traversing mostly higher while red & blue move down to oversold all awhile pa stays in channel thus coiling. Great continuation signal.

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  #63 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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2 area's of resistance w/ a higher swing low..broke bottom part of ascending wedge. I shorted sooner cus of the makeup of a down move. and trend.

PA afterwords traversed sideways broke support...nice move down, missed it. Looking for new setup.

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  #64 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

A nice bearish set-up, but pa did break above resistance, however not enough grounds for a reversal! We got a 3 candle swing to the downside...excellent set-up! with trend direction in play..low risk relative to swing structure, captured 1st wave.

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  #65 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Theres a long setting up but heres the deal w/ my short..another ascending wedge, shorted break was up $50, maybe I should of looked back furthur w/ a fib to spot exaustion? Stoped out regardles.

That long is still developing. A series of higher swing lows..waiting for a breach of a major swing, a lower swing high. Not happening! A double bottom thu..it could happen.

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  #66 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Support was hit about 4 times & a desending wedge was being printed...it broke out..in hind sight I should of allowed for a higher swing low to print confirming swing structure. Non- the less I didnt get out on top, that minor swng low made by price bars would of been the spot to take profit.

Confidance is building.

Im not gonna bother to put pic up for this. I was anticipating a major higher swing low, I jumped it some, not quite a completed 3 candle swing to the upside, did have a tight stp, it got hit -$30 Ahhh there she blows!! as I write..stop too tight for sure.

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  #67 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Working on swing structure.

Lost electric for a few hrs, got it back, took this short, hung on for awhile & couldnt stand it any longer.

All the great people that look at my journal..a single thanks is not warranted?

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  #68 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

This journal is for my own tracking...dont look!

So anyways...self.

Dont take anything other then TREND goddamn trades..their alot easier and I see green way quicker & why the fuck would I swimm againts the current?

To self: In 3 candles pa did not get me there..cut it off! Bitches, dont be reading my shit!

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  #69 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Okay, back to trading..yesterday babysat grandchild.


At 8:28 before unemployment #s pa broke consolidation..I shorted & placed stp at red line..13 points=$65. As news came out pa shot like a rocket! Down. 55 below 200. I kept myself satisfied w/ a $65 price to pay to play! I waited for pa to show me its time to cut & run, ofcourse giving up on a little extra profit to do so! Thats the price! Nothing's free.

As I write to...MY SELF..I see (stop reading! Go back to some one else's journal!) that it paid off.

GOOD JOB ME ! I would thank myself but I cant! My remarks dont apply to zt379 or anyone who has displayed graditude on my journal..only intended for those who read & move on.

Missed that long! Got stped out at minor sw low..that was my shot, took it & missed. Its hard to reload to go again, even in sim. Thank you daytrader999

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  #70 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

I was down $145 by trying to catch the reversal. Kept saying to myself, go w/ the trend! Then I finaly did, took a short after the pullback, put a stop on for $130, the last major swing. Went outside for a cigar came back in and I was up $315 & actually more but I waited for a failed swing to the down side.

Im gonna go live in 2 weeks and I beg of myself to take trend trades only and not to get tricked into reversals. I must lose the habit of going againts the trend. I think allow pa to reach beyond 55ema to ensure reversal?

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  #71 (permalink)
 Gary 
Near Dallas, Texas, US
 
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Billbb View Post
I was down $145 by trying to catch the reversal. Kept saying to myself, go w/ the trend! Then I finaly did, took a short after the pullback, put a stop on for $130, the last major swing. Went outside for a cigar came back in and I was up $315 & actually more but I waited for a failed swing to the down side.

Im gonna go live in 2 weeks and I beg of myself to take trend trades only and not to get tricked into reversals. I must lose the habit of going againts the trend. I think allow pa to reach beyond 55ema to ensure reversal?

Have you shown in SIM that you are able to do this already? If not, why would you consider switching to cash? If so, what are you using to grade yourself to be sure you are doing exactly what you are supposed to be doing with your execution?

Gary

As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
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  #72 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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Gary View Post
Have you shown in SIM that you are able to do this already? If not, why would you consider switching to cash? If so, what are you using to grade yourself to be sure you are doing exactly what you are supposed to be doing with your execution?

Gary

Good Call!

No I havent..I better make sure I am doing this in sim! Thanks for calling me on it! Also I quess Im using this forum to grade myself.

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  #73 (permalink)
 Gary 
Near Dallas, Texas, US
 
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Billbb View Post
Good Call!

No I havent..I better make sure I am doing this in sim! Thanks for calling me on it! Also I quess Im using this forum to grade myself.

Ask anyone here.. They will agree.

Please be sure you are able to successfully execute your well written and documented trading plan for weeks before even considering going to cash. Also, let us know more about what you have studied as far as the mental/psychological challenges which will take place once you switch to cash. Greed, fear, failure to execute properly for a number of reasons, etc, and how you plan to limit the damage they can do early on.

As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
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  #74 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received


Gary View Post
Ask anyone here.. They will agree.

Please be sure you are able to successfully execute your well written and documented trading plan for weeks before even considering going to cash. Also, let us know more about what you have studied as far as the mental/psychological challenges which will take place once you switch to cash. Greed, fear, failure to execute properly for a number of reasons, etc, and how you plan to limit the damage they can do early on.

Yeah, I do hear what ur sayen..maybe I should go a little bit longer in sim? Perfect practice makes perfect! So Im TOTTALY confident.

I havent read any books on mental/psyholigical (in regards to trading) challenges which I have experienced. Ive been adjusting those feelings from trading cash and this last round I had my FEAR in check. Knowing that feeling is merely ENERGY arising just from going out of my comfort zone. And by simply identifying THAT energy allowed me to take FEAR out of the equation. It gradually happened that way though, not over nite! The heart pounding WILL always be there b'cus of energy peaking! Not fear. Its a process that Im developing within myself. From "mind to matter"!

I have a visualization process where I create a "time loop" from a imaginary realm (mind) to actual experience realm (matter) In my subconcious its all real! And internally I "FEEL" my "dream" as a real entity. Theirs REAL science to this type of process of creating matter from mind.

Linking atoms & protons from ur mind to actual event experiences thus creating a probability of events using the multiplicacation of 2 mathmatical functions (psi & psi *) quantum physicist determine the probability of an event in this way. I can go on & on but basicly, I cant illiminate but I can & do shrink the "inertia" (resistance) that stands in the way of obtaining what I want. thats that part of ur brain that keeps u safe & sound & btw it tells u that its not possible either! " no I cant do that!" & this is why..bla bla and bla so get to work before ur late!!

So in a nut shell..I dont put any distance of time between me & my goal..like "its far off in the distance" That distance is virtually present when I get myself to FEELING internally the sights from within. Those are the type of mental/psychological studying that I do. It really works! Ive made people come into my life recently that I thought was not possible.

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  #75 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Here my trend trades

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  #76 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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Im beginning to feel at home with the markets.

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  #77 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Price continuing to grind down it looks..didnt like the pullback on 1st trade today but I placed a $70 stop, moved it to 200ma once for awhile..having faith w/ the trend.

Treating sim like cash the best I can, preping for the real deal!!

Also, perhaps my manorism MIGHT offend some of you little girls? lol. the men carry on!

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  #78 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

We are at over 50% retracement of yesterday..looking for a head fake? Then to 61.80% or more? A set of LL's reaching beyond 55ema w/ a pullback beneath 55 then to see if market makers are in too! Beyond the 200?



Heres my call if I may..I bet pa repeats the previous pattern of a level of 76-100% somewhere then darts down..ofcourse the alternative is a extension to probably 161ish % ?

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  #79 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Most of yesterday was reading about human heavier biologically particular to women's behavior...soo fascinating!


Hardly looked at the market..


Heres this...And this! Hey my bad..I probably shouldnt have called people bitch's for not leaving "thanks" so were cool?

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  #80 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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Took a long earlier lost $35 then took a short was up $95 put stop at BE + 2 cover spread..pa did come back to that area got me at +2...lost internet along the way...beutiful at&t..

That 1st long was a counter sinse 55 was below 200...Thinking we're headed south for the most part..that lasted long!

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  #81 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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Or just a pull back? Probably kick in after 8:30 news...Starting to change my mind..think friday will continue strong.

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  #82 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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Could of closed at the first failed swng low but was just waiting to see..

The featured article showing "The most interesting dude in the world" Now thats my boy right their! The muskedo's wont even bite him out of respect!

I let my $100 stop get hit twice today!

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  #83 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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Early morning had some trades about 50/50 was down until after 10 o'clock news reaction, took a long & carried it a bit, got out recouped and now Im up $130...gonna stay put & retain the feel good mood & carry it over to tomarrow.

Been using fibs alot last week and Im struck by the tendency the market reacts to those fib levels, especially around the 76-100 % areas...very cool.

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  #84 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
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Wedsdays we watch this little guy, I make it his day so I got this one out of the way, one shot one kill!

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  #85 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Today were slightly over 76.4% of the high of wendsday early morning at 03:13 to the low of wed. morning at 10:30....

But if I measure the total High from noon of tue. to the low of wed. at 10:30 we are inbetween 61.8-76.4 %..

Think Im inclined to measure the complete HIGH to LOW regardless if it goes into a another previous day or not. The question is "How do the pro's do it?"

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  #86 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Yesterday I allowed my $100 stops to get hit & wasnt trading very good, instance, the 1st one was made while journying so wasnt paying attention...but I did strieghten up and got on track w/ some decent trades that left me feeling motivated!

Today different story...I think I'll go one more week in sim and repeat this process all week. Thanks!

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  #87 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

I wonder why Ben Bernanke is in china with Tim Geithner and Hillary Clinton?

That trio doing a road trip is unprecedented. Something is happening, or about to happen, that the U.S. and Chinese economic powers may be worried about.

Are they coordinating a plan to prop up the euro? Maybe their watching the election in France. If France ellects a socialist that wants to go back to the austerity measures imposed by Sarkozy regime it could derail the EuroOne stance w/ German Chancellor Angela Merkel. And if things get heavy & play out on a uncertain way w/ Europe's stability while we hold support or not? We could be headed for a bear market crash..just get your short on gents!

Opportunity is always around the corner no matter how u spin it! Noticed that we broke $100 WTI (West Texas Intermediate) and thats bearish.

I decided to go sim one more week, if I can repeat friday, be focused, short the pullbacks or visaversa and place 20 point stops (YM) I should be in the game!

Good sunday to all.

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  #88 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Im focused like a laser right now..journeying is a distraction for me sinse its one sided. It served its purpose.

See ya wouldnt want to be ya!

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  #89 (permalink)
 emini_Holy_Grail 
Dallas,TX
 
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Billb
is your chart in est or what time zone? thks

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