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Paps pre open prep
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Paps pre open prep

  #111 (permalink)
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not yet done full tape read as will wait 7EST and late for any data to roll in and pre market RTH.

however i do see some stuff from a Sell perspective.....which will hopefully guide at pre market or RTH. If market is in sell rallies mode.... i will not go against it .

added later:

i dont like what i saw on tape. Maybe it was for the 20pt move from the ETH highs to the 55s touch in ATH. I dont know. However till unless otherwise proven am not into bounces.

Well this is angry tape which was evident....very clearly after RTH close from day trade pers.

Well will wait probably and see next 1 or 2 weeks to check what if at all any opportunity arises for long term equities. This is what i currently see on one of the indices.
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my notes to self are for day trades as well as long term.
Bounce is what am looking for long term...which for me is not there.
short term day trades are different. I do have a very slight bias due to my tape reads.....but may / may not form any bias during a trade....as i bite small.


Last edited by paps; January 21st, 2016 at 12:33 AM.
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  #112 (permalink)
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All good things slow down. Am at a point where I am anyways housing most of the charts, etc on storage.

Notes needed are also kept offline. Am thinking this is a time where i might not need to maintain an online journal as many of the things I do on tape reading etc is something i do not get into details in as i may not be able to share. Hence i don't see the journal as a ways of soliciting feedback. If I need feedback it will be on individual threads already existent on the site.

However am real thankful to the journal and some of my posts on the site. I did get in touch with some amazing traders. Few follow things entirely different to what I do. So its been a great learning experience and am very happy that I do get a chance to interact with some of them.

Many cheers & Good luck for 2016

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  #113 (permalink)
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journal is permanently closed. it will never again list trades/observations or thoughts of what might happen. As trades can flip on a dime a observation 1 second can be totally reversed the next. If markets flip on a dime so should a trader. however probably some of the last notes. As it will not be complete without some of this.

the best traders in the world do not rely on divine inspiration. seems they have a disciplined approach and self taught or adapt. once the art is known possibilities open up.

It is very difficult to spot the best of the best...as they may have very complex stuff or too simple stuff which people discount. Also some of them really do not post/speak much as they do not want to waste time and countless un-meaningful arguing's.

it is however luck and very intense desire to learn by which one may come across the best. It will however never be for $s or to get $s from a course/indicator from them. They are beyond this. Why ...as they maybe raking in 50pts on a 15 or 20pt day single contracts which make them the best. $s is of no concern to them. If at all it is them trying to help you succeed. Nothing more...nothing less. However one's success is ones own implementation and hard sweat/work and deep rooted understanding of how one's instrument works in a market which is very simple yet complex for the un-informed. One's success is one's work is always the case as trading can never be taught. Complex is correlation...Simple is sticking to the facts. I was always un-informed and looking for indicators whereas the story was right in front and in clear view. also the quest for a holy grail whereby expect someone to hand it over for a mere few $s. Lol...how foolish. But there is a grail and a definite one...however it will not be handed over. It has to be sought with one's understanding.


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  #114 (permalink)
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Paps , thanks for posting this song. Bob Dylan is one of the greatest song writers of all time, and I love this song without hesitation. Bob was one of the greatest folk song writers of all time, but one my favourite was Woodie Guthrie, who wrote two of the greatest American songs of all time. I realise not everyone on this forum will agree, but he was a great American.

Regards,

Dudley

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  #115 (permalink)
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Dudley..great that you like it.

Am a Dylan fan myself and hence know "the answer my friend is blowing in the wind".

The above post is my tribute to one of the best traders I have come to know and interact in my life. Am really blessed for that reason. Thnx for yr comments. I know and have learned much in the last few months. True sense of trading from one of the best in the world of intraday trading. How I take it from here is solely my action.

Thnx and cheers


mrmuggins View Post
Paps , thanks for posting this song. Bob Dylan is one of the greatest song writers of all time, and I love this song without hesitation. Bob was one of the greatest folk song writers of all time, but one my favourite was Woodie Guthrie, who wrote two of the greatest American songs of all time. I realise not everyone on this forum will agree, but he was a great American.

Regards,

Dudley


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  #116 (permalink)
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paps View Post
journal is permanently closed. it will never again list trades/observations or thoughts of what might happen. As trades can flip on a dime a observation 1 second can be totally reversed the next. If markets flip on a dime so should a trader. however probably some of the last notes. As it will not be complete without some of this.

the best traders in the world do not rely on divine inspiration. seems they have a disciplined approach and self taught or adapt. once the art is known possibilities open up.

It is very difficult to spot the best of the best...as they may have very complex stuff or too simple stuff which people discount. Also some of them really do not post/speak much as they do not want to waste time and countless un-meaningful arguing's.

it is however luck and very intense desire to learn by which one may come across the best. It will however never be for $s or to get $s from a course/indicator from them. They are beyond this. Why ...as they maybe raking in 50pts on a 15 or 20pt day single contracts which make them the best. $s is of no concern to them. If at all it is them trying to help you succeed. Nothing more...nothing less. However one's success is ones own implementation and hard sweat/work and deep rooted understanding of how one's instrument works in a market which is very simple yet complex for the un-informed. One's success is one's work is always the case as trading can never be taught. Complex is correlation...Simple is sticking to the facts. I was always un-informed and looking for indicators whereas the story was right in front and in clear view. also the quest for a holy grail whereby expect someone to hand it over for a mere few $s. Lol...how foolish. But there is a grail and a definite one...however it will not be handed over. It has to be sought with one's understanding.


If I'm being honest with myself and in the spirit with which FIO was founded on I have to post this @paps....

This makes me a bit sad.

I have much I would love to say regarding your post. But will only say this short piece.

Disney Cruise Line has as part of their business staff members around the ship with Nikon cameras that take pictures of the guests. We learned its a 70% business for them. Meaning they sell approx on average 70% of the pictures they take. I very good business for them. But an entire evening of picture might not necessarily sell on a particular day and yet they develop them and place them in your special binder.

Stating something that happens 70% of the time in the market and being wrong about it is still great business. How you win, how you lose, matters.

2

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #117 (permalink)
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@Blash I did not quite get the Disney Part i an slow in understanding stuff. but picking on yr last quote >> "Stating something that happens 70% of the time in the market and being wrong about it is still great business. How you win, how you lose, matters."

Yes...its not for fear of loosing. When one has lost as much as 6 months of their trades and more on a single trade on a -50day in the past....the fear is always overcome if still trading. However i have had a good fortune also to meet someone who actually gave me some direction and pushed my buttons to look into the markets with a totally different perspective and analyze how and why i took certain trades and to also look at what indicators i had with greater depth. Without this I would probably have been decent at Equities swings....but not what i would like myself to become for Intra day futures.

I have had my fair share of loses in the past as posted above. what probably kept me alive was also the fair share i had taken with zero market knowledge but had to give back due to very bad habbits in the past for intra-day perspective. From equities perspective i think i did fairly ok...which also gave me a + inspite of my foolish intra-day loses.

If you have read some of the stuff i do and stated here.....i would only say Big Buy or Big Sells as i could never state what Symbols or what Indications in the markets at that time. It might be unfair to myself if i did so. However if reading the tape it can be done....however not using any of the known software's out there. But can be done with platforms such as tradestation is all i will say. I do read the tape and look at this...and also Ny High/Lows as you do & have posted this. But the Ny High/Lows can be got by people if they know what they looking for by few googles or if visited Chris Perrunas site.

Also I do very minute data collection...have at times 6-8Gigs written per day. .by which all and every turn in the markets are known precisely is what i believe. However i do not have the time to look into this and also no time to analyze this data till such time i go fulltime. And maybe i will never need this data as i think without this also there are just ways of looking at Price/Volume and Tape to go for smaller targets and still be hugely successful.

My 1st reasoning for closing it. i would post some stuff out there. But then realized that me posting stuff does not help...and hence very rarely did someone post a comment on my journal. As my postings and methodology was really not Wide open..since some of this come from my Buy/Sell indications. However i feel they are extremely accurate. The same reasons which exist for a flash crash....also exist for Intra day swings.....and also exist for Inter Day Swings. They however can also be formulated if looking at Price@Volume or few tape parameters.

2nd reasoning:- You know...I was always a Zunaa trader. In the sense i trade using Zunaa Indicators rather than their strategies... mostly Breadth indicators...since i never followed their strategies...as it would take me tooooo much learning. However recently i see myself trading only PA@Volume & Tape for Intraday..with looking at Zunaa. However again..precise/entry exit will probably be very hard for me to disclose.

3rd reasoning...also you have seen me post few indicators which was what I know as Velocity of Tape. Again it is very difficult for me to post more on that. All i know is this indicator helped me find how to trade....as i did find my mentor while using this indicator.

these were just a few considerations. I think if at all i post...i post on a generic thread or someone else's.
As my posts as you can see above is not really helpful.... and why wastes the sites storage when am anyways consuming tons of storage at my end

thats all. I hope i clarified.

cheers n best to you. thanks for taking the time to pen down few of yr thoughts...

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  #118 (permalink)
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Making burgers for the kids right now and getting my beef juice fingers all over this iPhone....lol.... But will read it all a bit later.

Take care my dear friend

Ron


Sent from my iPhone using Tapatalk

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #119 (permalink)
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tape is one of the most active..... in such a small range

someone always knows...wondering if this is the ramp up....hmm will know in a day or few....strange volumes

cheers & good luck


Last edited by paps; April 26th, 2016 at 02:15 PM.
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  #120 (permalink)
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seemed massive buying....likes of what was there during the day of Feb 2nd. The move up started around Feb 2nd

Someone knows something..... just one buy was BoA 8mill+. But this was nothing.

Seems a massive move coming.. though aapl down.....again who would buy before FOMC...not sure. But thats what data shows.....but again can someone flush this....always a possibility.

Key here is whats the carry trade with Yen & whats up with the USD OVN....into FOMC

Note:- This is just a note to self...to see what were the effects of observation. Its not something one should trade off. Usual disclaimer. Its just a pathetic note in the journal.

Also this does not do me any good....i cannot buy at this price.....was hoping for a massive flush down....but may have to wait. hmmm...lets see

ps:- will see...this might hurt....am in a short. Will have to keep an eye on how this plays out..especially looking at the data in hand


Last edited by paps; April 26th, 2016 at 07:28 PM.
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