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Like a turtle to his balcony...


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Like a turtle to his balcony...

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  #191 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011


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

"Not having enough money, Gary, is never the problem it seems.

First, lack is always temporary.

Second, change is only ever a few thoughts away.

And third, it's not like you haven't performed miracles before.

Honey, honey -
The Universe "


My TUT email of the day.

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






The high pivot at 93.63 broke sending crude higher in the ON session, but then failed to act as support for the RTH trade. I did net 37 ticks today from the long side, but the trade went nowhere after I had closed it, and then price came back to retest the minor inverted LSP. That is my new make-or-break point for crude, and I will not change my higher timeframe long bias unless 92.40 fails.

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  #194 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

@Private Banker alerted me to the fact my data was off due to rollover. I am guessing this is not the first time, but I never realized it before. Similar to the realization upon reading the first 50 pages of Mind over Markets, where I am again labeled a "Novice", twice in the same week I am reminded that despite the 7 day a week education I pursued for 5 years, staying humble is never a bad approach.

I am not put back by the thought that there is so much to learn. In fact my personality almost requires that environment. And, I have crossed the hump where I know I am not completely in the dark.

I pulled two wins out of CL today on the long side, which in hindsight seems unlikely, but the VSA rules that have somewhat formed on their own, the mind's automatic response to pain avoidance maybe, seem to give me at least 10-20 ticks even on a freight train. And, whether it ultimately proves to be correct or not, without some view of higher timeframe direction, which I determined to be lukewarm long, up until today's ETH close, where would the faith to trade come from to begin with?

What is always somewhat frustrating about analysis on multiple timeframes, is that many times wave structure can be debated from either side. While on the 120/360 minute I was following a potential W4, tonight on the 30 min I see a possible W5 completion. And, both are possible. "Technically", the higher W1 has not been broken, and while W2/4 similarity would be preferred, it is never a definite. But down has now become rather convincing.

However, I had said earlier that if the pivot broke it would sway my bias, and that did occur. But, nothing is ever definite in trading, and tonight I cleared the analysis to start over...

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  #195 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

TurboFire sucks. My neighbor asked if I had been in the lake. My wife barely breaks a sweat.

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  #196 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011




I am determined to get something out of the volume ladder view, and have messed with the settings for over an hour, trying to see if I can interpret one part at a time. Right now I am going to try just seeing the heavy areas.



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  #197 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

My trading has been relatively good since I started back, percentage wins rising, familiarity gaining. Even though I still have a very busy schedule. I have projects underway in New Jersey and Baltimore, and probably going to Austin still this week. And, trying to keep up with my study of market profile and volume ladders, while maintaining my torturous workout schedule with my wife. But in all of it, I am very calm today compared to where I had gotten just a few months back. And happy.


EDIT: I just noticed something is really wrong with my NT report. I blue-screened today also. Something is off with my computer.

Attached Thumbnails
Like a turtle to his balcony...-date.pdf  
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  #198 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

MBA Purchase Applications
7:00 AM ET

Durable Goods Orders
8:30 AM ET

Ben Bernanke Speaks
10:00 AM ET

Pending Home Sales Index
10:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

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  #199 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

I closed a trade today that I should not have. No, I closed several. I bought CL within 10 ticks of the LOD, at an area that had confluence, volume confirmation, and at the direct intersection of an area I said the day before was my focus. But then took profits when I felt it was "enough". The target was initially over 100 ticks away. Then, after EIA, I went back in (within maybe 15 ticks of where I had gotten out) and then got impatient with consolidation, and closed. While I did re-enter, and held to target, the issue that arose dealt with patience and uncertainty again.

The TurboFire thing has already gotten easier. My wife is a great motivator and is doing it with me every time. The Holosync meditation audio now has a workout version, which might be a way to multitask maintaining the right mindset. Feeling good and positive has a measurable impact on my trading. I am assuming the regular intense workouts will only help with that.

I decided to start participating in a popular thread here, and noticed tonight that I jumped right in hard, almost dominating the posts today. I am so used to keeping my own journal and keeping to myself that I just do things automaticaly, but as I went through that thread tonight I felt a little self-conscious about it. Not sure how to figure out where my place there should be. But I do enjoy being there with other traders more than I thought I would. I think on that point I have found myself much more than in the past.

The market profile study is almost like someone just gave labels to something I already knew in a way but never organized, and is sinking in very fast. Or I think it is. It is not a new way of thinking even, just a new way to explain it. And it gives order and confidence.

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  #200 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011


GDP
8:30 AM ET

Jobless Claims
8:30 AM ET


Chicago PMI
9:45 AM ET

Bloomberg Consumer Comfort Index
9:45 AM ET

EIA Natural Gas Report
10:30 AM ET

Kansas City Fed Manufacturing Index
11:00 AM ET

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August 5, 2013


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