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The Land of Vegemite Trading Journal (intraday)


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The Land of Vegemite Trading Journal (intraday)

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  #21 (permalink)
 kickmic 
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well, exited long calls on index when price penetrated the anchor area. Not knowing in advance if there was further downside I had to cop the loss, and cop watching price reverse back to the highs. I didn't see a reasonable retest pattern to provide a re-entry during RTH.



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  #22 (permalink)
 kickmic 
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plan today as per notes on chart - favouring longs as still in first leg up post a corrective move
3 areas I would consider longs as per arrows on chart
would only short if a get a restest at prev highs and price is well extended from MA's. If price grinds upwards then no shorts. Would need an explosive move that uses up all immediate buying power on sidelines



AUD - not expecting any movement to post employment numbers later this morning... will go get an early dog walk in!!


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  #23 (permalink)
 kickmic 
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I am prone to impulse trades from time to time

I have read many of the "causes" behind making impulse trade4s but I don't think I recall reading that they are made on the basis of having a view. For example - "ES is spiking up, I can whack on a scalp here because its likely to keep going"
That statement if acted on in the absence of any other reason is trading on the basis of having a view on the market. Bit of an "ah-ha" moment for me as trading plans don't have a view, they accept the outcome is unknown.

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  #24 (permalink)
 kickmic 
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I posted a Youtube clip of Malcolm Gladwell discussing priming, making mention of priming as an effective cognitive trading tool.

I've attached an article by Dr Brett Steenbarger (it's a publicly available download) covering steps on how to incorporate positive priming in your trading

Attached Files
Register to download File Type: doc Priming for Profits.doc (41.5 KB, 13 views)
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  #25 (permalink)
 kickmic 
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Too slow yesterday resulting in missing shorts off the morning highs

after a break down of the congestion area, entered short targeting previous days lows. There was a nice retest short setup however I was mindful of getting trapped hence waiting for the break to enter short.
Sellers couldn't push prices down to planned target area. I covered when price stalled and the spread jumped about which is often a sign of a reversal intraday.

Long bias remains after failure of price to move down to test previous days lows


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  #26 (permalink)
 kickmic 
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yellow arrows highlight sellers unable to push market lower, followed by what I read as a washout - the lower dip
the washout occurred at a previous support zone (although not a major zone)
After which I entered long (20EMA and indi cycling up) after the first lower high formed (start of green arrow)

Risk was break of recent low, (pink arrow) target was a previous high/100% volatility of previous leg up/about max range of most recent days trading (green arrow)
Was ideally planning to benefit from trapped shorts to propel the trade.

Trade was a loser, onto the next one


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  #27 (permalink)
 RADO 
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kickmic are you getting your live ASX data from esignal?

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  #28 (permalink)
 kickmic 
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RADO View Post
kickmic are you getting your live ASX data from esignal?

Data via IB, set up market analyzer, added GOM recorder to one of the columns so i record data for asx top 50 in format that enables me to view range/renko charts which filter out noise

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  #29 (permalink)
 kickmic 
Melbourne, Victoria, Australia
 
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long index warrants which move in step with the underlying futures during RTH hrs

early reversal traders caught after China rate reduction news
have entered long on retest fail

have moved higher than previous 4 sessions which I interpret as bullish - so holding for a bigger move and not exiting at obvious 5389 level - do expect some selling here buyers who entered on first push up who are still long are likely to exit at close to BE


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