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Like a turtle to his balcony...


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Like a turtle to his balcony...

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  #1251 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
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Posts: 6,462 since May 2011


GaryD View Post
I put a small DOM up against the footprint to follow along with the webinar content.


That lasted about an hour. I found an easier way in Sierra to do what I wanted.

Chart/Chart Settings/Advanced Settings 2/Draw DOM Graph on Chart

Just something to see what is bid vs ask.

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  #1252 (permalink)
Orlando, Florida
 
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Crude is watching for a failure or washout in ES. Still relatively much weaker. Shorts may get trapped this RTH close, but...

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  #1253 (permalink)
Orlando, Florida
 
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@Deucalion, the ES TPO said "buy" there too. I do not watch that in CL trade mode, but just noticed when I switched workspaces.

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  #1254 (permalink)
Calgary, Canada
 
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GaryD View Post
....I am saying from a 1 out of 4 with 10x RR.

Long Term is not a game I play yet. You are the ES man far more than I am. Just trying to decide if I kept at it today in CL after I told myself not to. NEVER listen ot me in ES, I am using it for something completely different 90% of the time.

As of this moment, they broke the local high 1591 something, but I would still sell ES for a multi-day hold, IF I sold ES for multi-day holds. And figure my odds 30% with a target...

I don't know really, not thinking about it with any sense of reality, but certainly down there some.

But, you gotta admit, good entry call on CL

Ha ha....sonofabitch! Cheeky bastard! But nicely done.


GaryD View Post
Make this easier for me, where do you see W5 for ES? I looked, but do not see in the timeframes I am looking at.


GaryD View Post
@Deucalion, if you promise not to tell anyone I will let you in on a secret. I went TIGHT, and got hit twice before it took.

A couple things I noticed while studying this for the next time.

1) If I had not already been hesitant to trade again, my stop would have been a lot further out, at a minimum should have been below TPO value.

2) The better entry than the minor LSPs was confluence with TPO VAL and RTH Vwap 1.5 SD.


But really, IF that were a great trade, the stop would be below current RTH low and the target at least 93.85. And I am not sold on that, which means little as I work through this method, but Vwap is solidly down still on both RTH/ETH, and my focus on that LSP buy kept me out of some nice shorts.

Good grief, you have started talking like one of those infernal profilers!

Look at the daily, the shorts have already been wrong at several levels, trying to make sense why ES is at nearly 1600. To fully frame the Major Wave here is the 4.23x timeframe of the previous chart (4181tick x 1.1618 x 1.1618 x 1.1618 = 17711tick chart for consistency). The intermediate wave on this bigger chart is the major wave on the 4181t previously posted.


Also, on the consolidated profile for your profiling satiation, look the value areas bounce on the daily and the tails (although I have no idea what I say when I talk profiling). Now I feel all dirty! i better wash myself!


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  #1255 (permalink)
Orlando, Florida
 
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A heck of a lot of sellers up there


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  #1256 (permalink)
Orlando, Florida
 
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Deucalion View Post

Also, on the consolidated profile for your profiling satiation, look the value areas bounce on the daily and the tails (although I have no idea what I say when I talk profiling). Now I feel all dirty! i better wash myself!


It's not all bad. I would take a guess that you have had fun before and later felt the same way.

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  #1257 (permalink)
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GaryD View Post
It's not all bad. I would take a guess that you have had fun before and later felt the same way.

Damn, looks like the shorts are gonna survive for another day

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  #1258 (permalink)
Orlando, Florida
 
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Trifecta. Shorted QM 93.30 targeted 93.00

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  #1259 (permalink)
Orlando, Florida
 
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Posts: 6,462 since May 2011





Why 93.00? confluence of 100% prior day's range (inside open) plus NPOC. Going back to this morning's short, that was my expected target but I am too much of a wussy to do that yet.

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  #1260 (permalink)
Orlando, Florida
 
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GaryD View Post

... I did peel off most of the trade early, but not sure anymore if that is a bad thing. I used to think so and would get frustrated with myself, but I am statring to believe that is not fair criticism of myself....

---------------------------------------------------------

Now maybe 30 minutes later, CL is still moving down. I had considered a target of 93.10, just above the NPOC and barely above 90% range from yesterday. And just sighed as I typed that. As excited as I was with my single trade, there was much more potential in it.

Gives me something to think about and work on, but that will come. If it does make it there it will still be a victory for understanding. And without understanding I can't build confidence.



This is posted for "understanding". Some day, getting closer. Baby steps.


But, there was a tiny plus in that I did finally target it, just with a lot more day shown on the chart to go off.

Risk to reward between the opening short and this one has no comparison. Remora behavior again. Scraps picked up from the real feast.

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