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Koyaanisqatsi Hototo--wldman out of balance
Started:May 14th, 2012 (07:40 PM) by wldman Views / Replies:49,686 / 695
Last Reply:November 1st, 2016 (03:53 PM) Attachments:53

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Koyaanisqatsi Hototo--wldman out of balance

Old May 25th, 2012, 02:44 PM   #81 (permalink)
Market Wizard
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Thank you...


indextrader7 View Post
Good stuff. Enjoying following. I look forward to being the seasoned trader you are some day. I've been consistently profitable for a while, but I'm all over the place... as far as over-trading here, dumb decision there, allow a loss to get to big here, etc.

Anyways, I just say all that to let you know that it's nice to watch you and it gives me something to keep working towards.

All the best

I over trade from time to time. I miss good ones and make bad ones too. I almost never allow a loser to live past infancy...HAVE TO kill losers little man. A journal will help you identify tendencies...especially if errors are tactical in nature. Find edge, exert leverage, take profit, repeat. Mental errors or emotional errors are a more difficult foe...imo.

Knowing that you are watching will encourage me to do well, so thank you for stopping by.

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Old May 29th, 2012, 08:43 AM   #82 (permalink)
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Sometimes...

the conflict between mechanical and discretionary gets me in a situation where no trade is or at least seems like the right thing to do. Other times not being convinced early gets me the,"just stay on method idiot" award. Right now Im just not convinced. but I'll take a little one short just to be consistent.

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Old May 29th, 2012, 09:05 AM   #83 (permalink)
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Sentiment...


here is that I'd rather be fishing. It will take quite a bit of effort to stay focused today. Over the weekend six or seven opinion polls in Greece showed that the "pro bailout" New Democracy party was leading the far left Syriza party. The y have till the middle of June to cobble together a coalition or face new elections. Bankia a large Spanish bank took 19 Bln Euros from the Spanish government sparking greater concern that things really suck.

Portugal has numbers today. If trouble persists Ireland might be in line for bailout as well. Ms. Merkel and the Germans have been relatively silent the past few days but Imagine if you where a German working into your mid sixties and paying taxes so that Greeks could retire at 50.

Ms. Lagarde has not been a Chicagoan for a while now but over the weekend she was talking like one, imo being honest and straightforward with her views...some people/nations do not like that. (truth) The market responds. Greeks whine about it and to me that seems a little funny at this point.

On other news...rumor that US special forces have parachuted into North Korea and US and Russia seem to be escalating their public stance on the situation in Syria. Of course Bibi blames Iran...not hard to see where this might go.

"trade em if ya got'em boys"

I'm inclined to be "risk on" but more inclined to look for a reason to be fishing.

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Old May 29th, 2012, 09:13 AM   #84 (permalink)
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I'm 15 bid 27 stop...

off the desk looking for something to eat.

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stopped 1.2527...gross +3ticks, thanks for playing.


Last edited by wldman; May 29th, 2012 at 09:22 AM. Reason: add result
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Old May 29th, 2012, 10:13 AM   #85 (permalink)
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going to avoid...

Futures Edge on FIO

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based on the extended candle...that is now really extended as I type this. This sets up like a zero line reject pull back re-entry, a trade type that is a little more difficult for me. I had the short term trend drawn in and given its proximity to the 200 period, I was not going to take that long until there was a confluence of trades above the 200 period. So, I have to be able to move on when from time to time I miss a good entry. The idea here is a price pressure template and that is displayed so I will have to examine why the first trade size was reduced and why this one was neglected.

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Old May 29th, 2012, 10:26 AM   #86 (permalink)
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Looking back...

it is always so easy to see the obvious. Just backing up the short term trend assessment a little bit I can see that the long side entry just two bars after my short cover happens to be right on a trend line break. (the green circle) I still probably would have been stopped or close to stopped prior to the zero line reject...especially if I packed up and carried my bias with me. Evidence that wldman is still out of balance. This is begging me to get off this ridiculous time frame...3 minutes. Plus my #1 wing man is in Japan visiting clients.

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Old May 29th, 2012, 10:34 AM   #87 (permalink)
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bias confirmed..

and market rumor of ecb announcement concerning bank re cap. we will see. Short 3 @ 1.2534.

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Old May 29th, 2012, 10:37 AM   #88 (permalink)
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1.2517 bid for one...

nothing done. ECB denies that there will be an announcement...uh oh? 20 bid for one. profit lock stop is in@32

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Last edited by wldman; May 29th, 2012 at 10:38 AM. Reason: correct stop 32 not 30
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Old May 29th, 2012, 10:52 AM   #89 (permalink)
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filled 32...

pennies make dollars, I guess.

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Old May 29th, 2012, 11:15 AM   #90 (permalink)
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long one lot from 40


indicated but my head is not in it...just cant get it figured out today.

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34 stop, 55 first target.

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