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Koyaanisqatsi Hototo--wldman out of balance
Started:May 14th, 2012 (07:40 PM) by wldman Views / Replies:49,853 / 695
Last Reply:November 1st, 2016 (03:53 PM) Attachments:53

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Koyaanisqatsi Hototo--wldman out of balance

Old May 31st, 2012, 09:47 AM   #101 (permalink)
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I'll have some explaining to do...

moved risk up to a newer st high, just barely hung on. sold three more at new st low .2396...bot one at 80 leaves 5

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Old May 31st, 2012, 09:53 AM   #102 (permalink)
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bot 3@90, leaves 2

back on the reservation, do not like confluence of price or decay in indies

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Old May 31st, 2012, 10:06 AM   #103 (permalink)
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Will consider


selling more if zero line rejects price.

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risk is trend line extended

sold one more @ 97

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Old May 31st, 2012, 10:23 AM   #104 (permalink)
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decision time

will sell more on break of support at 96....or just let it go till risk is hit...Im not willing to wait much longer and I will not adjust risk up again...the extended trend line is final there

maybe a mistake but now with indies decaying or flipping Im going to cover here...bot 3 @01...FLAT NOTHING WORKING.

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Old May 31st, 2012, 10:29 AM   #105 (permalink)
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Lots of work...

Futures Edge on FIO
for a modest outcome. net 25 ticks after all that. -21 from the firs trade +46 from the second...beats losing but this is not highly proficient trading.

closing the books on May here. one losing day, five "no trade" days, 17 winning days.

I do not expect to do regular daily trading again until after the 4th of July holiday as we are doing lots of traveling. when I do trade I will journal it here.

I do plan on posting about chart view as well as working on revising some of the elements of the view, so the talk will shift a little from regular trading to method and indicators.

All the best to each of you and thank you for stopping by. Please leave your thoughts if you care to. Also the analysis in the Spoonalysis thread the last couple days has been better than what most pro desks are paying big money for...that is a very valuable thread.


Last edited by wldman; May 31st, 2012 at 10:36 AM. Reason: add info
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Old May 31st, 2012, 10:58 AM   #106 (permalink)
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DAMF

is a good acronym to describe the guy who rides that trade and a short bias then throws the towel in right before US equity open. Did I really do that? This is what I mean by out of balance. Missing the forest through the trees...DAMF...the first word is dumb and the third word is mother. Maybe six weeks away is what I need to get my head outta my buttocks...pisses me off! If you follow the commentary this is exactly what I was looking for...an idiot thing!

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Katie has barred the door folks, the horse has left the barn.

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Old May 31st, 2012, 02:43 PM   #107 (permalink)
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How goes it?

DAMF stands for.. ? (edit: nvm, I figured it out) lol

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Old May 31st, 2012, 03:02 PM   #108 (permalink)
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Thanks Mike...


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How goes it?

DAMF stands for.. ? (edit: nvm, I figured it out) lol

Mike

for stopping by. The forward chart just makes the show worse. Right on everything except the ability to persist...I never even had to take any heat. Just so impatient.

That is the same trendline just extended a couple times. Levels all correct, direction correct, good entries. Everything but the ability to let well enough alone.

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Old June 4th, 2012, 08:07 AM   #109 (permalink)
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Alright then..

there are large offers being touted at 12450 this morning, checking if I can discover who that might be. Notional short value in $ has grown to 37.5 B. Net short looks like 203,145, another record and up from last weeks 195,361.

That tells you what the world thinks in front of the two major items in the near future. The June 17 elections in Greece weigh heavy, any news of poll results could bob the market all over the place. The ECB has a monetary policy meeting this week. Rates are expected to remain unchanged but the comments leading up and the press conference afterward should whip things up pretty good. German newspaper Die Welt featured an article over the weekend about a new master plan being created for the Eurozone. I suspect this will be talked about and may impact desk and sovereign positions. The article can be found here Nachrichten und aktuelle Informationen aus Politik, Wirtschaft, Sport und Kultur- WELT ONLINE

In addition to Barron's try adding some of the European financial press to your Saturday morning routine. I suspect we are news/comment driven and the road could be bumpy. If I trade I will lock profits right away.

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noting recent st up trend and my hallucination of resistence at 1.2240

slight divergence as well.


Last edited by wldman; June 4th, 2012 at 08:17 AM. Reason: add chart
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Old June 4th, 2012, 09:32 AM   #110 (permalink)
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Okay then...


higher highs and higher lows, but a failure to gain above that 1.2440 res level ( in my head anyway). I am not trading this today...at least not prior to US equity open seeing as London is closed...but If I was trading this I'd start to build a short here with risk hard at 1.2450...targeting 1.2400

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