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COMMON SENSE
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COMMON SENSE

  #941 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
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Thanks: 3,467 given, 15,240 received

Trading


Zakk View Post
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Went short at 80.24 at the top of the OR . Having a wide stop loss kept me in the trade.

Thanks Zakk,

if you do not mind share with us what does wide stop loss means? When did you started using it, reasons etc. Nice trade. I have seen a trade like this 1000's of times over last 5 years and it's a money maker on first test.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; October 31st, 2014 at 12:55 PM.
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  #942 (permalink)
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Trading

Every day requires discipline but a day like today really demands that traders kep their emotions in check. It also requires small position size. I have taken ONLY 2 trades since NY open. Rest of the trades were from yesterday.

1) I was holding short in CL from yesterday. Covered around 79.61.

2) Long NG from yesterday. Got out and short before NY open for reversion to mean set up.

3) Short in GC was from couple of days ago. Covered around 1171. Reshorted 1168 area after NY open and out 1163 off ORL.

( same set up as Zakk took in CL. Basically short off ORH on failed A up set up).

4) Short TF 1171 area. My mind was made up that with strong internals , i will get out around ORL. Regardless how +ve internals are, i can not go long at highs. Got lucky with short and done with TF. No need to Mikey Mouse within 4 points range when one can not lean against internals. Short against ORH on failed A up is the only set up i will trade.

5) CC, GC , ZS taught and confirmed that when something is in a down turn- you may not have ideal entry but you will still be successful if you trade with the trend. I was foolishly scared to short CC and went long. CC dropped another 54 points and counting. That's the reason i reshorted GC.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-10-31_0940_short.png  

Last edited by mfbreakout; October 31st, 2014 at 01:04 PM.
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  #943 (permalink)
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madrid spain
 
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more folowing



Zakk View Post
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Went short at 80.24 at the top of the OR . Having a wide stop loss kept me in the trade.

more traders following mfbreakout stop loss theory!

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
 
  #944 (permalink)
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Trading

I use considerable chunk of weekend time going over resources like following video and host of others. The resources availabe to retail traders are just amazing. We get to see every kind of market view etc. I have gotten great ideas from hedgeye which worked nicely and the others which did not work. I made money from ideas which worked and ideas which did not work. How is that possible?

It's possible because as day and short time frame swing traders ( 2-3 days maxium for me) we trade PRICE ACTION. By price action, i do not mean that we count candles all day etc. I look at market internals. My equation is simple. SOLID GREEN= Longs only, SOLID RED= shorts only, NEUTRAL= Scalp and get the hell out as soon as possible.

Hedgeye and others similar like them were right on money as TF was getting sold at will. They had a premise with lot of excellent research, data behind it. As NY session will open and internals were SOLID RED= I shorted at will and held the trades. During this period we saw bulls camp just kept talking about pullback as nothing to worry about, it's only down 3% etc. Once TF got down to 15% they got in fetal position as Keith of hedgeye like to say.

Since TF reversal, Hedgeye and like just can not seem to come to terms of this massive up move. The research, data they were relying on is still intact from macro point of view as Keith talks about in this video. I do not care becuase everyday i open up my platform and NY session opens up i see SOLID GREEN across the board. Since, SOLID GREEN= Longs only, that's what i tried to trade mostly.

Since market is made up off hundreds of variables, the BOUNTY is up for grabs for traders who are not just stuck with one side of the equation, point of view etc. When TF was at lows and if internals were SOLID RED, i would have continued to short at so called lows. Since they were not, it meant lows are in and we keep trading from the long side as long as it's SOLID GREEN. This does not mean we just close our eyes at buy at highs and sell at lows. Equation for that is also simple.

SOLID RED= Short into bounces. Trade with the trend and not worry so much about stop loss.

SOLID GREEN= Buy into pullbacks. Trade with the trend and not worry so much stop loss. If a trader is trading with the trend and price has moved so called against him by 4 points, as an example, this does not mean trade is wrong. All it means trader timing was off etc. Look at TF chart during 15% sell off and then reversal over last week- what's the value of worrying about position going against you temporarily as long as trade was with the trend?




My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; November 1st, 2014 at 10:42 AM.
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  #945 (permalink)
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Trading

I do not know how the hell following got into my mail but it is quite tempting (lol). Every minute a new sucker is born.

" Asking Price:
$14,999
Gross Revenue:
$75,000
Cash Flow:
$70,000
Inventory:
Not Disclosed

FF&E:
Not Disclosed

Real Estate:
Not Disclosed

Share this business:

Business Description
Offering a easy to learn system that generates profits with no decision making. It's an automated system. You don't need any experience in the stock market. I will train you on everything.
It averages 24.09% per month over a 5 year period.

Right now, for a limited time, we're offering a profit payment system. What this means is you have the option of paying half during training and the remaining amount can be paid off from the profits you generate from this system. WE ARE THAT CONFIDENT IN THE SYSTEMS!

Complete with three profitable trading systems. (Trade All or Trade Some)"



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #946 (permalink)
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Futures Experience: Advanced
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Favorite Futures: 6E, 6J, CL, GC
 
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Careful


mfbreakout View Post
I do not know how the hell following got into my mail but it is quite tempting (lol). Every minute a new sucker is born.

" Asking Price:
$14,999
Gross Revenue:
$75,000
Cash Flow:
$70,000
Inventory:
Not Disclosed

FF&E:
Not Disclosed

Real Estate:
Not Disclosed

Share this business:

Business Description
Offering a easy to learn system that generates profits with no decision making. It's an automated system. You don't need any experience in the stock market. I will train you on everything.
It averages 24.09% per month over a 5 year period.

Right now, for a limited time, we're offering a profit payment system. What this means is you have the option of paying half during training and the remaining amount can be paid off from the profits you generate from this system. WE ARE THAT CONFIDENT IN THE SYSTEMS!

Complete with three profitable trading systems. (Trade All or Trade Some)"

Sounds Great...But you have $15000 up front, and no way of knowing if it is Legit...or i am Speculating based on what you posted.
Is there a way to further check out these guys...or see some Real track record of their System...it is Interesting.
But in my Opinion you do not need anyone's help mfbreakout......but i am like you, and would be interested to
know more about their System.
Message me if you do not want to post where this came from....if you did not mind letting me know.
I can help check it out a bit more.
LoL....i could use this in my IRA Account....

 
  #947 (permalink)
Elite Member
Valdosta, GA. U.S.A
 
Futures Experience: Advanced
Platform: Sierra ,NT, TOS
Favorite Futures: 6E, 6J, CL, GC
 
Posts: 480 since Sep 2010
Thanks: 1,825 given, 466 received

Stock Mapper Replication


mfbreakout View Post
I use considerable chunk of weekend time going over resources like following video and host of others. The resources availabe to retail traders are just amazing. We get to see every kind of market view etc. I have gotten great ideas from hedgeye which worked nicely and the others which did not work. I made money from ideas which worked and ideas which did not work. How is that possible?

It's possible because as day and short time frame swing traders ( 2-3 days maxium for me) we trade PRICE ACTION. By price action, i do not mean that we count candles all day etc. I look at market internals. My equation is simple. SOLID GREEN= Longs only, SOLID RED= shorts only, NEUTRAL= Scalp and get the hell out as soon as possible.

Hedgeye and others similar like them were right on money as TF was getting sold at will. They had a premise with lot of excellent research, data behind it. As NY session will open and internals were SOLID RED= I shorted at will and held the trades. During this period we saw bulls camp just kept talking about pullback as nothing to worry about, it's only down 3% etc. Once TF got down to 15% they got in fetal position as Keith of hedgeye like to say.

Since TF reversal, Hedgeye and like just can not seem to come to terms of this massive up move. The research, data they were relying on is still intact from macro point of view as Keith talks about in this video. I do not care becuase everyday i open up my platform and NY session opens up i see SOLID GREEN across the board. Since, SOLID GREEN= Longs only, that's what i tried to trade mostly.

Since market is made up off hundreds of variables, the BOUNTY is up for grabs for traders who are not just stuck with one side of the equation, point of view etc. When TF was at lows and if internals were SOLID RED, i would have continued to short at so called lows. Since they were not, it meant lows are in and we keep trading from the long side as long as it's SOLID GREEN. This does not mean we just close our eyes at buy at highs and sell at lows. Equation for that is also simple.

SOLID RED= Short into bounces. Trade with the trend and not worry so much about stop loss.

SOLID GREEN= Buy into pullbacks. Trade with the trend and not worry so much stop loss. If a trader is trading with the trend and price has moved so called against him by 4 points, as an example, this does not mean trade is wrong. All it means trader timing was off etc. Look at TF chart during 15% sell off and then reversal over last week- what's the value of worrying about position going against you temporarily as long as trade was with the trend?


Thanks for your Insight, ...and with that i want to ask you if you have tried to Replicate on TOS what the Stockmapper shows as far as Mostly Green/Mostly Red Screen shot....which is delayed....it would be Real time in TOS.
Or is this worthwhile to set up....thinking it may help some.
I will continue to work on setting up the Market Internals screen/workspace.
Thanks for Hedgeye...i save their website on my Desktop to keep up with them.
I am also adding ORH & ORL to my Charts...just having to Decide which of the Indicators i want to use that plots this data.
Are you using RTH....if so i am assuming the U.S. Session ?...there are choices on the Indicator, as well as starting time.
How long of time has to pass after Opening before i can say the ORH & ORL have been Identified ?...this is also a Parameter i can set in the Indicator.
Sorry for all the questions, but i would like to be looking at the same things as you as much as possible, and this is
my starting point.


Last edited by sandptrader; November 1st, 2014 at 03:53 PM.
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  #948 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading


sandptrader View Post
Sounds Great...But you have $15000 up front, and no way of knowing if it is Legit...or i am Speculating based on what you posted.
Is there a way to further check out these guys...or see some Real track record of their System...it is Interesting.
But in my Opinion you do not need anyone's help mfbreakout......but i am like you, and would be interested to
know more about their System.
Message me if you do not want to post where this came from....if you did not mind letting me know.
I can help check it out a bit more.
LoL....i could use this in my IRA Account....

LOL- " But in my Opinion you do not need anyone's help mfbreakout." Thanks for your concern. I posted this to be FUNNY not to get feedback whether it's legit.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
The following user says Thank You to mfbreakout for this post:
 
  #949 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,240 received

Trading

Hi Sandptrader,

TOS has the same thing called market watch. I posted stockmapper for traders who do not have TOS platform. Having REAL TIME data is of little value in this case. The beauty of index like TF, ES etc. is that they just sit within a tight range for some time before making a REAL move. There is no reason to rush. It takes 5-10 minutes to see if market internals are REAL GREEN, REAL RED. Initially they are just neutral. Traders jump on the trade without real confirmation and get worried as price moves back and forth with 2-4 points. I have no interest in trading till things line up properly.

RTH. For CL OR is 8.30 to 9.15 am It's 45 minutes. For ES, NQ, TF etc it's 9.30 am to 9.50 am. Thus OR is 20 minutes. Indicators for TOS www.thinscripter.com and for Ninja, fat tails had them for free in elite section.

ACD Method Intro



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-11-01_1505_tos.png  
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  #950 (permalink)
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Posts: 7,244 since Oct 2010
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Trading


Index are easiest instruements to trade provided one looks at big picture.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
COMMON SENSE-2014-11-01_1526_titanic.png  
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