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Nope, no one has asked @blackgrey45. No problem at all. It's just my shorthand for Level (Lvl). I have these levels I trade off of, they're proprietary levels that change every day. Just my own. That part I don't share But there are so many levels out there. I think you could do this with VWAP & VWAP standard deviation levels, there's a really good section on VWAP here on FIO.
You can't outsource confidence in trading decisions
Wishing everyone a great Monday out there. Be careful, post-opex is a lot more volatile, not necessarily in any particular direction.
Back tomorrow!
Goal for tomorrow: I will remember that losing days are part of the normal outcome. So long as I ensure my loss days are within 1-2 win days. 70% of days should be positive; 90% of weeks should be positive; 100% of months should be positive.
FWIW, the spot where it turned today was key, and this is the road map I see. I wouldn't be surprised to see it tag the lower portion of the broad bull channel before the Fed announcement, then turn to head back up for maximum gain from the bottom. In a more extreme scenario, that DSTL formed by the two spikes down would be where a third spike might go in the event of a wedge bottom. But anything can happen and it can break through that resistance where it turned earlier too. All I can see are the possibilities and how to position when one thing or the other happens. No way to predict. (I don't trade swings)
Tuesday, July 25 (at the close): MSFT, GOOGL, V, and TXN earnings
Wednesday, July 26 (2pm EST): Fed Interest Rate Decision
Wednesday, July 26 (before open): Earnings for BA, KO, and TMO. At the close: META earnings.
Thursday, July 27 (8:30am EST): GDP
Thursday, July 27: AMZN earnings (time not yet specified).
You can't outsource confidence in trading decisions
Goal for tomorrow: I will remember that losing days are part of the normal outcome. So long as I ensure my loss days are within 1-2 win days. 70% of days should be positive; 90% of weeks should be positive; 100% of months should be positive.
You can't outsource confidence in trading decisions
Done for today. A couple of bucks short of my profit target in RTH, but last night I tried to get my trading done for today in Globex following the MSFT drop. It didn't amount to much, like $10, but that puts me at my profit for the day. Gotta resist the urge to round up; always a killer.
Goal for tomorrow: I will remember that losing days are part of the normal outcome. So long as I ensure my loss days are within 1-2 win days. 70% of days should be positive; 90% of weeks should be positive; 100% of months should be positive.
Later I did add one more trade as I saw FOMC unfold.
You can't outsource confidence in trading decisions
Took one trade in Globex that was 3x my daily profit (multiple Apex accts), so may leave well alone today depending on how it develops. Generally, gap-up breakouts on the open are my least favorite environment to trade. But if I do I'll be sure to add the results in a separate RTH entry. If not, then it'll be back tomorrow!
You can't outsource confidence in trading decisions
Took one more in RTH (Globex entry in previous post). This is the total for both trades.
Unless it breaks 4606 and gets acceptance below I'm done for today. If we get a break and continuation, I might get back in to catch something on the way to COY. But maybe not. Got a few things going on today. Either way:
Back tomorrow!
Goal for tomorrow: I will remember that losing days are part of the normal outcome. So long as I ensure my loss days are within 1-2 win days. 70% of days should be positive; 90% of weeks should be positive; 100% of months should be positive.
You can't outsource confidence in trading decisions
OK, last one for today. I mentioned earlier (above) I'd take one more if it broke 4606 and it did. Updated P&L and last trade below.
Back tomorrow! lol
Goal for tomorrow: I will remember that losing days are part of the normal outcome. So long as I ensure my loss days are within 1-2 win days. 70% of days should be positive; 90% of weeks should be positive; 100% of months should be positive.
You can't outsource confidence in trading decisions
Still plugging away every day even though I stopped posting. It took on a life of its own and I just needed to focus on trading and other things. Since I last posted I mainly stripped things away, then stripped more away, and more. Kind of like that video of the new Argentinian president ripping off one post-it note after the other from a whiteboard, explaining how he will do away with every redundant governmental agency one after the other (AFUERA!). Today I changed my signature from a house music hit that's no longer topping the charts and figured I'd drop in an entry just to let the world know I'm still alive & kicking. The main thing I've focused more on lately are AVWAPs aka MIDAS curves. Let go of some of the real close-up stuff to some extent and working with really small size relative to account size. I'll get more into it at some point. Still working Apex evals. These are my results from the last month of trading (20 sessions). It's working well, the only thing is it will take forever, but I don't know of a faster way to get there yet. Hope everyone's doing well.
Cheers.
You can't outsource confidence in trading decisions
November was a good month. Gave D.O.D. a rest and went with Tinlicker, Argy, Goom Gum, and some old-school Pete Tong / Jules Buckley among others. That must've been it.
You can't outsource confidence in trading decisions
For anyone who cares, Apex lets you pass evaluations in 1 day as of today.
How did I do it? Easy:
My price action skills were firing on all cylinders during the post-FOMC market fireworks. I traded textbook setups off key levels - nailing both failed breakouts and climactic exhaustion reversals. My reads on the ii and iii continuation patterns were simply sublime. I adeptly faded weak outside bar breakouts near the midline. And I exhibited zen-like patience waiting for inside bars to trigger with surgical entries.
When volatility hit, it was like shooting fish in barrel. I scalped a quick 20 ticks on a perfectly-timed breakout pullback. Then I capitalized on trapped longs at the double top with a masterful reversal bar entry - exited gloriously right before a picture-perfect V-shaped bottom. My timing on the follow-through was immaculate - playing whipsaws with aplomb before the barb wire chop began.
Throughout it all, my intuition on the order flow dynamics was supernatural. By day's end, my price action Jedi powers had generated legendary profits. I hadn't executed on so many concepts flawlessly since my last daydream! Of course consistently replicating even a fraction of these setups in real trading is infinitely tougher. But a trader can dream!
JUST KIDDING, I'M NOT A PRICE-ACTION TRADER!!!
You can't outsource confidence in trading decisions
But there are so many levels out there. I think you could do this with 
Stay frosty!
-- Back tomorrow!