well hmmmm.... where is the panic. maybe there will be none. not sure if there will be or not be.
index still approx 50 odd pts up for the year. anyways i many times have a hard number to buy....guess it need not be always per my liking for which i miss out many times. May do a little buying if some of the stuff i watch in excel/bell-weathers/volume/volatility/momentum confirms. But what i was looking for sometime may not come as markets do not confirm...they just exist.
confirmation in markets is like chess. u never know if you will be mated so a exit strategy is the only way.
would i like a good swish...hell yes. but would i not buy it it does not..hell no. Anyways will post if i do get in as am comfy with locked in for the year. If she runs i want to participate...if she does not .... she will stop me out.
above is my pyschy while talking to myself. no interpretation or inference should be made.
well seems like objectives i had waited for since a month or so has hit. Now what !!
If this market flies...i am hoping that i can get my buy price. And if she does not then maybe i get it.
Well charts tell me something....but excel shows me something. Since have turned into swings i still am not able to take a decision...especially since the equity i wanted to get into has not hit my buy pice. Not bottom fishing but just waiting.
anyways charts show a slightly diff story to me if was day trading and since am not into day trades will not do anything...but excel does not confirm my buy point Yet. Since am into swings...i will go with excel which as of right now is still based of yesterdays EOD.
wow guess it's been a day traders market lately if on the correct side. good range days.
well for me am into swings and will wade out this volatility. would have loved to see ES Gap up 15-20 pts from RTH close on 10/16 and then take out lows of 10/15 on Friday(A dream play..no inference to be made). Well none of that matters as that thinking does not bode well for my swings.
I normally like longs...well my avatar. Anyways my excel should need to confirm.So no positions on for me yet. Though you never know the markets can run up fast & if so ///so be it as with an excel system or any system you could be 50pts late...but if she makes a play at 2200 for year end... i will be in for a portion of it....or come back in 15
Well did not play for last 2..3 months ....more so coz the momentums such as feye and twtr did not warrant my buys.
Anyways had been busy on the personal front.
Am currently not trading actively and just happy looking into refining and adding into my excels and few things on the actual tape. Will need to put some work into it and looking for a developer who is a * at excel.
Other than that always happy to look and learn from the spoo-nalysis thread which is great and hot.
jing acting funny...not able to post any chart....
PA...what really happened... 1/9 diary...no analysis on why.
1)Price broke yester high 2058..50....
2) accelerated & Broke yester low which was also yester IB low 2036(there was a reaction at yester low & todays IB low before breaking yester low...expected huh?)
3) PA stopped as 2031.24 approx 5pts below yester low
4) Price then went on to touch/cross IB Low of today
5) Finally price settled at yester low/yester IB low...at EOD on ring..with commercials -57k
Well reason for last post. The Price markers of Yester's is always watched...irrespective of FIB/MP/Algo's...etc...atleast thats my observation.
anyways am not in the markets at all. Lol...then why post. Well as always mentioned this is a post and mark to myself only.It's a diary and reflection of what I do....when am either in progress or tweak mode. Either modes may not call for active trading.
Out of my IRA after a nice 2014. Reasoning was it a fluke...well i dont believe anything is a fluke other than not realizing and owning to mistakes or analyzing them. Well till yesterday 1/28 I thought why are my excel's not showing any issues. Maybe i will have to tweak them at some time....but i dont think it's time. This is my longer term work in progress and the only thing i currently try and look is 07-08 markers. Well but its not just that...i do follow some good systems to have my excels in check.
For Day trading am on Sim...dont have the mental frame to trade. Well putting on 7/8 trades in TS to keep the account is not real trading. Anyways... i believe with hard work and analysis you can understand context and market structure. And if coupled with risk mgt & continuous analysis... markets tell u an unfolding story every min which is not hard to understand.
Current work in progress:- EOD trade analysis on volumes. Realtime Day Volume spikes with inter-market and Ind Arb analysis. This coupled with Actual money flow and Volume weight is what it will be from my end.
either ways seems ES did a touch of Weekly vwap at close and nice cross above day befores close. All done with Full commerical interest which did not wane.