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Tap In's Corner
Started:November 23rd, 2014 (09:08 PM) by Tap In Views / Replies:34,213 / 839
Last Reply:October 13th, 2016 (09:57 AM) Attachments:1,597

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Tap In's Corner

Old February 24th, 2015, 08:45 PM   #131 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary


Tap In View Post
Tomorrow:
-Monitor opening swing and its effect on price
-Larger chart for channels. Keep eyes peeled for symmetrical channels. Breaks of these are the most effective areas
-1st trade will be a live trade.
-Patience, be ok with missing opportunities.

2/24/15 Tuesday
Live Trades: 0
Sim Trades: 0

No trades.

Getting comfortable with the concept of the opening swing. Seeing possibilities

Good, calm, patient. Watched a lot of movement but letting it go.

The long in gold that I marked felt like a good trade at the time but didn’t take it. Was not upset after. Would have been a nice starter trade though

2 real time markers today, one success, one failure for potential of +15t

Arrows placed in hindsight in blue and red at reasonable longs and shorts. This aftermarket work is having a positive effect. I try to visualize in real time how I might mark the chart at the end of the session.

One more trading day for me this week before long weekend getaway

Tomorrow:
-Monitor opening swing and its effect on price
-Larger chart for channels
-1st trade will be a live trade.
-Patience, be ok with missing opportunities.

Attached Thumbnails
Tap In's Corner-2015-02-24_cl_summary.png   Tap In's Corner-2015-02-24_gc_summary.png   Tap In's Corner-2015-02-24_ng_summary.png   Tap In's Corner-2015-02-24_nq_summary.png  
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Old February 25th, 2015, 09:29 PM   #132 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary


Tap In View Post

Tomorrow:
-Monitor opening swing and its effect on price
-Larger chart for channels
-1st trade will be a live trade.
-Patience, be ok with missing opportunities.

2/25/15 Wednesday
Live Trades: 0
Sim Trades: 0

No trades. Felt it on a couple areas that worked out nicely but I didn’t hit the button.

Generally very pleased with the way I interpreted the market today. Especially the area at 10:34 in oil. Really had a good feeling about that one based on structure and the bar development at the time. It would have yielded 30 ticks in about 30 seconds.

The great news is that it did not affect me negatively to miss that trade. It dawned on me that as long as I feel anxiety on missed trades I will never truly trade with eyes wide open.

A couple of weeks ago I was working on hitting the button more freely, and that was a good experiment. Now I am working on purging the feeling of frustration of missing out.

Marker results:

Successful: took 0/4
Failures: 0/0
Neutral: took 0/1

Potential +120t

Not sure if I will be trading tomorrow. If so:
-Monitor opening swing and its effect on price
-Larger chart for channels
-1st trade will be a live trade.
-Patience, be ok with missing opportunities.

Attached Thumbnails
Tap In's Corner-2015-02-25_cl_summary.png   Tap In's Corner-2015-02-25_gc_summary.png   Tap In's Corner-2015-02-25_ng_summary.png   Tap In's Corner-2015-02-25_nq_summary.png  
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Old March 2nd, 2015, 06:16 PM   #133 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary


3/2/15 Monday
Live Trades: 0
Sim Trades: 0

No trades today. Charts annotated with “possibilities”

Tomorrow:
-Time to start trading. Break the seal. Take at least one live trade.
-Patience, be ok with missing opportunities.

Attached Thumbnails
Tap In's Corner-2015-03-02_cl_summary.png   Tap In's Corner-2015-03-02_gc_summary.png   Tap In's Corner-2015-03-02_ng_summary.png   Tap In's Corner-2015-03-02_nq_summary.png  
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Old March 2nd, 2015, 06:58 PM   #134 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES, CL
 
Posts: 3,471 since Jan 2013
Thanks: 24,876 given, 10,550 received
Forum Reputation: Legendary


Tap In View Post

-Time to start trading. Break the seal. Take at least one live trade.
-Patience, be ok with missing opportunities.

Good for you.

Good luck.

Bob.

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Old March 3rd, 2015, 08:41 PM   #135 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary

Futures Edge on FIO

Are you a NinjaTrader user?

 

Tap In View Post
Tomorrow:
-Time to start trading. Break the seal. Take at least one live trade.
-Patience, be ok with missing opportunities.

3/3/15 Tuesday
Live Trades: 0
Sim Trades: 0

Was not able to fulfill my goal and take a trade. It was mostly a matter of not finding anything that I was confident with. There were a couple of areas I could have taken, but many of the set ups were too extended and required more of a pullback due to the amount of risk.

Overall not displeased with missing my goal. I’m not going to throw money away just because. I still need to exercise restraint and wait for areas I feel good about.

Tomorrow we’ll try it again:
-Take at least one live trade.
-Patience, be ok with missing opportunities.

Attached Thumbnails
Tap In's Corner-2015-03-03_cl_summary.png   Tap In's Corner-2015-03-03_gc_summary.png   Tap In's Corner-2015-03-03_ng_summary.png   Tap In's Corner-2015-03-03_nq_summary.png  
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Old March 4th, 2015, 08:46 PM   #136 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary


Tap In View Post

Tomorrow we’ll try it again:
-Take at least one live trade.
-Patience, be ok with missing opportunities.

3/4/15 Wednesday
Live Trades: 0
Sim Trades: 0

No trades. Marked two trades that worked for a minimum of +60t.

Felt some minor frustration in failing to enter a couple of nice set ups that produced. One in particular in oil was textbook and really should have been a no brainer.

The good news is I was mindful of my emotions and caught myself. Revisited my goal of not getting upset at missed opportunities and managed to remain level.

Feeling more confident in my analysis. It is only a matter of time before I put it to the test.

Charts annotated with comments and possibilities

Tomorrow more of the same:
-Take at least one live trade.
-Patience, be ok with missing opportunities.

Attached Thumbnails
Tap In's Corner-2015-03-04_cl_summary.png   Tap In's Corner-2015-03-04_gc_summary.png   Tap In's Corner-2015-03-04_ng_summary.png   Tap In's Corner-2015-03-04_nq_summary.png  
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Old March 5th, 2015, 09:52 PM   #137 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary


Tap In View Post


Tomorrow more of the same:
-Take at least one live trade.
-Patience, be ok with missing opportunities.

3/5/15 Thursday
Live Trades: 0
Sim Trades: 0

No trades. Action hard to read today. Not a lot of opps that looked tasty. Many were more extended than I like to see. I like the break and retest or base type action. If it breaks with 25 ticks of risk to the nearest swing and doesn’t base up or retrace I am more reluctant to get in. I like to see conviction after the break. Problem lately is a lot of these moves break and never look back.

Marked a few areas with mixed results. Still like how I am reading the markets though. Need to at least mark more areas if I am not going to trade. I need something to measure my judgment against.

Pressure building to trade. Need to check that. Trade only when it is right. The goal of taking at least one live trade is not working. I need to figure out a more effective goal.

Missed opps are getting to be less of a big deal. There is always tomorrow.

Tomorrow:
-Pressure off, take a trade if you want to but the first one has to be live.
-Stay engaged with the markets. Don’t get distracted
-Be ok with missing opportunities.

Attached Thumbnails
Tap In's Corner-2015-03-05_cl_summary.png   Tap In's Corner-2015-03-05_gc_summary.png   Tap In's Corner-2015-03-05_ng_summary.png   Tap In's Corner-2015-03-05_nq_summary.png  
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Old March 7th, 2015, 03:19 PM   #138 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary


Tap In View Post
Tomorrow:
-Pressure off, take a trade if you want to but the first one has to be live.
-Stay engaged with the markets. Don’t get distracted
-Be ok with missing opportunities.

3/6/15 Friday
Live Trades: 0
Sim Trades: 0

No trades today. Took the pressure off to make a trade. Decided to just watch, and if a really compelling scenario appeared to make a trade. Well, a really compelling scenario did appear and I didn’t make the trade. No worries, at least I recognized the opportunity for what is was. Another brick of confidence in the foundation.

On the NQ chart I annotated in real time, “Playing games… This action sucked a lot of people in long. The reversal to the downside could be vicious.” The result was a 55 point move down. Bummed that I didn’t have the conviction but encouraged that my read was spot on.

Generally stayed engaged with the markets. It is now just a matter of having confidence and conviction in my judgment. There are few things in life that so sharply defines good judgment from poor judgment as trading. This is one reason many find it so difficult to deal with. Success or failure is rests ENTIRELY on their sole judgment. No favoritism, no nepotism, no luck of right-place-right-time, no bullying, no BS-ing. Many folks can go their entire lives without really having their judgment tested in so naked a fashion.

Was pretty good about not being perturbed at missing such a nice set up. Emotions are leveling in this regard. The real test will be when I take a couple of losses THEN miss the good opportunity. This is where regret can turn to anger.

Charts annotated with possibilities.

Attached Thumbnails
Tap In's Corner-2015-03-07_cl_summary.png   Tap In's Corner-2015-03-07_gc_summry.png   Tap In's Corner-2015-03-07_ng_summary.png   Tap In's Corner-2015-03-07_nq_summary.png  
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Old March 9th, 2015, 08:49 PM   #139 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary

3/9/15 Monday
Live Trades: 0
Sim Trades: 0

No trades. Did a nice job of identifying good trade locations.

Charts annotated with possibilities

Tomorrow:
-Take at least one live trade. Ok to cut it short for small gain or small loss just to get the ball rolling. Let it ride if it looks promising.
-Stay engaged all day
-Stay emotionally level

Attached Thumbnails
Tap In's Corner-2015-03-07_cl_summary.png   Tap In's Corner-2015-03-07_gc_summry.png   Tap In's Corner-2015-03-07_ng_summary.png   Tap In's Corner-2015-03-07_nq_summary.png  
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Old March 10th, 2015, 12:31 PM   #140 (permalink)
Market Wizard
Bend, OR
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Broker/Data: TOS, Global Futures/OEC
Favorite Futures: CL, GC, NG, YM, 6E, ZN
 
Tap In's Avatar
 
Posts: 910 since Feb 2013
Thanks: 2,060 given, 1,847 received
Forum Reputation: Legendary


No trades yet. Truly nothing I have felt comfortable with despite some decent movement in CL and NQ. I am ready to trade but remaining patient.

Updated CL, NG, NQ charts...

Attached Thumbnails
Tap In's Corner-2015-03-10_cl_update.png   Tap In's Corner-2015-03-10_ng_summary.png   Tap In's Corner-2015-03-10_nq_summary.png  
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