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Koyaanisqatsi Hototo--wldman out of balance
Started:May 14th, 2012 (07:40 PM) by wldman Views / Replies:49,913 / 695
Last Reply:November 1st, 2016 (03:53 PM) Attachments:53

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Koyaanisqatsi Hototo--wldman out of balance

Old May 16th, 2012, 03:55 PM   #21 (permalink)
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Thanks Websouth...

Yes I think it is to much of a distraction to grab screens and write a coherent thought specific post while in a trade. Grabbing the screen and saving it somewhere until the day can be reviewed makes a lot of sense. I'm just trying to figure out the best most meaningful way to communicate in a journal.

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Old May 16th, 2012, 05:08 PM   #22 (permalink)
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Since this is a journal...

thought I'd post this off topic idea as it relates to visual ergonomics.

Stare at the picture for 30 seconds or so...the red dot on the girls nose.
Then look away to a flat white surface and blink repeatedly.

I thought the "color" was most amazing.

Anyone get that as well?

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Old May 16th, 2012, 06:22 PM   #23 (permalink)
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wldman,

Nice journal.

Regarding posting - post at the end of the day. As you said who cares what anonymous people think of you over the internet? Skeptics who believe it can't be done will not believe you even if you post your timestamped blotter. Those who would learn will learn no matter what you wish to share.

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Old May 16th, 2012, 09:16 PM   #24 (permalink)
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Thank you...


eudamonia View Post
wldman,

Nice journal.

Regarding posting - post at the end of the day. As you said who cares what anonymous people think of you over the internet? Skeptics who believe it can't be done will not believe you even if you post your timestamped blotter. Those who would learn will learn no matter what you wish to share.

I think what you say here is 100% correct...Here is my deal with that. I have been a professional trader for a long time. Generally I go out of my way to help or encourage where I can. What will happen if/when the detractors come will be a distraction to both the primary and secondary purpose of this thread.

I was taught to journal my preparation and every trade each day. I was taught to review and improve every day and over the years of being away from that professional environment I've become lax in prep and execution. Getting back in balance with those two things is the primary purpose.

The secondary purpose is to hopefully communicate in a way that will allow others to benefit from my mistakes....and I'm expert in that area as well. No point in someone else paying that tuition again. right.

So the things that annoy me are the troll type that boldly claim top step status and profess regardless of their actual knowledge or experience, to know with certainty everything that has ever been thought of. The other annoyance is the brand new person that says tell me what combination of indicators and in what weighted order you use and include all your specific settings...and then says will this work on a 144 tick chart. To me that is like a stranger asking if they can have sex with your wife.

futures.io (formerly BMT) seems very clean and void of that type of presence most of the time. That is because of the awesome hard work and dedication of Big Mike.

So if/when it comes I will reason briefly, and humbly request a different approach. If that fails i just "ban" and get back to banking cash.

So I wanted to, from the beginning, have a solid level of integrity on the items I post. That is very difficult during money hours. I will try but I suspect that posting live trades real time may not always happen.

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Old May 17th, 2012, 01:46 AM   #25 (permalink)
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Nice thread, keep going.

I think the only real downside to posting is being married to a trade once you tell someone else about your idea. It doesn't matter if it is written on a post on futures.io (formerly BMT), or if your buddy across from you in the pit knew the trade. Once you tell someone, you tend to be more married to the position.

I would not worry about live trade calling if you find it distracting. Just focus on one of two things: a) what do you see for tomorrow, and b) what did you see today (after the fact).

I dislike hindsight analysis as much as the next guy, but there is often something to be learned. In some cases, you can glimpse new insight of understanding the markets. In other cases, you can better understand the poster is just full of shit. Either way, you've learned something

Also please don't worry if you don't get the "indicator groupies" all posting to your thread. I am sure it is nice to have lots of activity on your thread, but we also need the types of threads the "more seasoned guys" can share that aren't about two squiggly lines crossing on a chart, or a horizontal line every 2 ticks on a chart, etc, but actually about trading

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Old May 17th, 2012, 10:09 AM   #26 (permalink)
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Mike...

I knew you where a smart guy and probably a real good trader. I knew that you had a heart for giving and that helping others was a primary motivator for you. Plus you love Labs. BUT, this post shows me past the level, balanced and fair approach that you take in maintaining futures.io (formerly BMT), that you really get it, or at least that you and I see things the same way at a core level. Thanks for that and thanks for stopping by and posting here.

Wldman is not trading today.

The view here is that at some point we see a snap back relief rally (or two). The rallies could even be violent, but I think they will be short lived throughout at least the summer...possibly defining a new range say 1.2300 to 1.3100.

I do have some apprehension about the summer Olympics and the US election this fall, so I will NOT carry a position while away from the screen for more than a few minutes. Every position is covered by a resting stop and that backed up by a spastic mouse hand. Call me a wuss, but the "greeks" from 9/11/01 almost had me living in a tent set up in a public park.

It is almost too late to post this as a rally seems to be unfolding, but I do expect an attempt at yesterdays close, then possibly the resistance high at 1.2755. If that does not materialize early I think we close around 1.2680. My bias is continued short side pressure.

Lots of opinions and more unknowns over the Greece situation. Depositors are taking euros. Spain and Italy seem a little edgy as well. Looks like gold hit a spike as well.

Trade well guys. DB

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Old May 17th, 2012, 10:33 AM   #27 (permalink)
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To clarify...

today sets up like a typical short term position trading squeeze. The levels I mentioned above are not trading targets, rather areas where a price reversal are likely or from a resistance break might get a little snappy. So I use that idea to determine risk reward for a specific trade set up and set my trade levels in line with that.

Does that make sense...not so much a market "call" rather areas of confluence that others might be paying attention to and trading off of. For example confluence here at 200 period just under yesterdays close.

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Old May 17th, 2012, 12:43 PM   #28 (permalink)
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wldman View Post
I was trying to do some research on the visual and psychological ergonomics of color display. Most of that research is actually military and related to airplane and tank display screens.

Does that make sense?

DB

Yes DB, it makes a lot of sense. I've never thought of the "military" approach (I'm not a Vet) but I can certainly see the truth in your reasoning. I also enjoyed the "girly pix," fascinating, great stuff.

I want to throw my hat in the conversation about posting live trades. I started a thread last December and mapped out my method trading the 6E, I soon realized it was going to be a lot of work, trying to put into words what I do, mostly unconsciously. Using "old" charts I stayed my course and honestly thought I did a pretty good job, but I had issues. My first issue was/is the fact I only use my trading machine for trading, I don't open e-mail or web browsers with it, I know many people do, but I don't. Another issue was/is some of my software is (billed) per computer, and my trading machine is not in my home so posting from my home had to be well thought out ahead of time. My work around was a thumb drive, I'd put the necessary charts on the thumb drive take it home and post the commentary from there. Or if I was at my trading station I'd put the charts on the thumb drive and use my other computer to do the posting, I still do it that way now. In the last couple weeks I made a few posts of some of my 6E trades. When I see the market "line up" I just quickly type in an Entry #, Stop # and Target and post it, then, when the trade is over and I'm flat, I go through the above process and post a chart. I've forgotten to click "submit reply" a few times while posting my entries (sometimes to my benefit ) and just didn't post them at all since my intention is to be "as near" to live as I'm able, but I'm getting better.

Lastly, when making up the charts for my thread I made up a new layout. I just went with a white background trying to keep things clean looking. My personal trading layout has a black background. I can "report" to your readers that the white is definitely harder on my eyes than the black. Most of my trading is during the East Coast Overnight hours and when I shift to the white layout to capture a chart it's like the sun came out, my whole room lights up!! I've tamed down the layout by only allowing one chart to open, that way only one screen goes white instead of six. I've never been in a tank before but I'd assume it's absolutely black in there even during the brightest day. I don't care if my charts look "sissy" or not, however I do care about eye strain. After your explanation of why you've chosen the colors you have, I'm going to make a few changes. And that red dot on the "babe", it's got me thinking those red candles I'm seeing on the right edge of my chart might just be and optical illusion I'm seeing after opening and closing my white layout!!!!

I'm going pink

Just my thoughts. I think you're doing a great job.



websouth View Post
Nice journal...and pretty colors. tough crowd eh.

Just a bit of fun was my intention, but I was rewarded with great insight.

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Old May 17th, 2012, 02:20 PM   #29 (permalink)
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Thank you...

for that nice post. There are a few interesting items there.

The visual ergonomic talk usually gets laughed at, but the good side of that is that it is a tell (depending on the specific comment) of the intellect or I should say the cognitive value of the posters contribution.

I'm going to step out in a metaphor and add a "new" idea to how imo that plays out for me. I think the visual recognition conditioned response metric is totally valid. Understanding that goes a long way to describe "how we decide" on a trade.

Consider a top producing NFL QB...say Peyton Manning. Not speaking to the hours and hours of film study or years of experience, rather to the conditioned response on a single play. Things like down and distance, defensive and offensive personnel, defensive formation...based on those and others he will decide on the play called in the huddle or changing at the line. Then once the ball is snapped it is all conditioned response...no more cognitive input. He checks through up to five receivers, sometimes more than once before he delivers the ball. He is successful about 70% of the time. That is why I choose football over the same process with MLB's best hitters....they only succeed 30% of the time.

As traders we would prefer to bank on 70% of our trades as a solid measure of success.

So how do we best make our prep such that our decisions are as near conditioned response as possible. I think that the easy read is one where color and positioning of "visual data" are essential.

Now the other side but really same metaphor. As a martial artist, I love to spar. Getting hit in the face provides a great deal of empirical data...all of it associated with "lets not do that again" Question: How can I condition myself as a trader the same way I do as a fighter...to take as little punishment as possible, while improving my position in the fight. Same as trading, right? Just like in trading we look for data, in the case of martial arts that data is the dropping of a hand, footwork that telegraphs a strike, we watch the eyes and the body for how they respond to our movement...that shows us "openings" I think that in trading this would be similar to creating a series or a confluence of non co-linear observations that MIGHT tend to reveal an opening. From a risk management perspective we don't continue with activities that get us punched, kicked or taken down...but we will stay in a bad trade , even double up...what the hell makes us do that? Conversely when we have an opponent in trouble we keep doing the same thing until he gives up or defends it...seems pretty simple, right.

So here is where wldman gets really out there.

Some things "data" can be visually mapped. Other things, however just happen or more appropriately they happen just beyond or ability...BUT that does not mean we can't prepare.

Last summer at the pool with the kids one day, I became fascinated by one of the fountain features in the water park. The stream of water was produced by many items that are constant and can be measured, but the "flow" is totally random. Factors that I can not measure are having an impact on the stream of water. I mean things like water pressure, the size of the opening, gravity etc are all constant, or relatively so...yet the water sometimes busts out of its visually measurable range to shoot 3-5 feet higher than its normal range...why? Many of the initially unmeasured do after a while "study" start to emerge. wind, depth of water covering the spout, the number of children in the vicinity, if another valve "variable" on the same supply is open.

So if I had the right tools and studied long enough I could probably condition a response to guess about the flow out of that fountain...at least to the point that I could identify the typical and potential limits and maximums of the atypical based on something I can measure.

How and how many of us actually prepare to trade the way Manning prepares for football or Ted Williams for hitting or Rickey Henderson for stealing bases. Reading "Ted Williams on Hitting" is not the same as swinging a bat. Some of us focus on the bat...is it the right size and weight is it made out of the right material?

So narrowing the focus to what can be adequately prepared for as a conditioned response would be a good place to start? Seeing it, is in fact our game to the extent that we can respond with certainty, I guess.

I'm a stream of consciousnesses guy. I'll shut up for a while.

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Old May 22nd, 2012, 01:24 PM   #30 (permalink)
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I have not been trading...


the past few days. Camping with the family and now school year wind down, baseball playoffs and planning vacations. There have been some really nice method days and a few people asked so I thought I'd post the indications from today. Kind of reticent that I've been a watcher not a do'er. I did bottle a batch of wine this morning though.

So the vertical lines are indicated entries. Probably shapes up like 5 winners and two little losers.

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I hope everyone is well and trading well. I expect the next three weeks to be split focus as well but I really want to make interesting journal posts of trade reviews. Dan

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