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bobs qwest to attain consistency


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bobs qwest to attain consistency

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  #191 (permalink)
 bluemele 
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bobarian View Post
Was just reading zen and the art of poker again.The concepts, are so useful for trading.I have read other books for years, that talk about zen, enlightment, realization, etc.The lessons learned can be applied to trading, but they spill over into other aspects of life also.I find, that , the work i have put in in this area, has actually helped me with my family.How many of us, after having a crappy day trading, pick up our kids in a foul mood?Or, go into a 3 week funk , acting nasty to them because we are staring into the abyss, with no hope , and only anger being realized?Zen is a powerful concept, and a work in progress, that never ends.I try very hard to leave trading out of my mind, when im with my family.Its my choice to be stressed about it, and my choice to be frustrated, and such a waste of time because we need to hit the reset button for tomorrow.Basically, we devote absolute attention, while we trade, and review.After that, we focus in the moment , on our family , and our life.I try to remind myself each day, how lucky i am, to have a happy and healthy family.When those things are in jeopardy, how important is an early entry?or an unfortunate stop loss?

Couldn't the same be done with all of our 'work'? Not just trading.. Something I have struggled with forever....

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  #192 (permalink)
 bobarian 
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bluemele View Post
Couldn't the same be done with all of our 'work'? Not just trading.. Something I have struggled with forever....

youre not the only one!atleast you realize it...most people wouldnt even give it a thought.One day at a time

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  #193 (permalink)
 bobarian 
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12/19/2011
2 trades
+$80 net
today, price was stuck in a range for a good part of the am session.The video goes over many passed on trades.I think, the trades passed on are probably more important than the ones taken.A stop on the 1st trade.The 2nd, was a +18 winner, which is good.Rollover week, in dec, not a good combo.
We spent alot of time with the 1min ch and 3 min having a conflict with each other.It doesnt mean i cant take a trade on the 1 min, but the target might be less.When the 2 charts are alligned correctly, the signals should work better.

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  #194 (permalink)
 bluemele 
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bobarian View Post
12/19/2011
2 trades
+$80 net
today, price was stuck in a range for a good part of the am session.The video goes over many passed on trades.I think, the trades passed on are probably more important than the ones taken.A stop on the 1st trade.The 2nd, was a +18 winner, which is good.Rollover week, in dec, not a good combo.
We spent alot of time with the 1min ch and 3 min having a conflict with each other.It doesnt mean i can take a trade on the 1 min, but the target might be less.When the 2 charts are alligned correctly, the signals should work better.

Personally I don't think you gain much by trading this week. I suggest market replay of better days to practice...

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  #195 (permalink)
 bobarian 
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bluemele View Post
Personally I don't think you gain much by trading this week. I suggest market replay of better days to practice...

i agree, im just practicing my rules.December typically is bad.

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  #196 (permalink)
 bobarian 
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12/20/2011
1 trade
+$85 net
a good training day, still dialing in my guidelines.
I have the weapons , its just a matter of using them correctly.Now , i have 3 charts right now.I brought back the 3 min, to have a longer view of the trends and pivots.The 1 min, which is the entry chart.The 4 range, which i keep up, and am working with to fine tune.Now, as far as weapons go, the 3 min is like a broadsword, the 1 min a scimitar, the 4 range a dagger.I know, kooky.Each weapon is very useful, if used in the correct situation.The challenge, lies in integrating the charts together, and relying on the correct one.
Today, i didnt do that.Today, i got sucked back in to the 4 rng, and missed 2 good entries.Both entries, were correct, because i would have placed my entry in accordance with my r:r, and they both worked.The main point is, if the trade is based on the 1min, take the trade.Adjust your entry, so it works for you, and keep the sl correct, which is just beyond the swing pivot.This wont always work, because price needs to retrace , to hit my entry, but it tends to work more than not, and doesnt leave me exposed to a big sl.And, most of the time, the 4 range is just noise, compared to the 1 min.Alot of times on a good 1 min entry, the 4 range isnt good...but the 4 range has its place, i just need to have the 1 min be the priority, and not get sucked into the noisy 4 rng...it will get better, i just need to work on it
the trade i took ,was a late entry, because i was focussed on the 4 range, and hesitated.My trade management wasnt great either, but to be honest, i was thinking about dumping it at be, because i was annoyed at the hesitation.

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  #197 (permalink)
 bluemele 
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Not to complicate things, but have you looked at:

1. Higher Timeframe (say, 1HR)

2. Breakouts of range or R area

3. Pulls back to Resistance, now support

4. Shoots above 1M and blamo, hold it and go...

I realize that is a different strategy, but I can see this as a good entry for a continuation type trade on a larger time frame with a larger target. Just curious... Don't want to confuse anyone or anything from doing what they are doing.

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  #198 (permalink)
 bobarian 
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bluemele View Post
Not to complicate things, but have you looked at:

1. Higher Timeframe (say, 1HR)

2. Breakouts of range or R area

3. Pulls back to Resistance, now support

4. Shoots above 1M and blamo, hold it and go...

I realize that is a different strategy, but I can see this as a good entry for a continuation type trade on a larger time frame with a larger target. Just curious... Don't want to confuse anyone or anything from doing what they are doing.

#3 is definately in there, which would be a trend change.Price breaks through the mas , the mas cross, and then price pulls back to the 21 in the new trend.

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  #199 (permalink)
 bobarian 
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the theme that i hear in my videos, is the entry will be based off the 1 min.This means , there are two priorities.First, determine when there is a valid entry present with the trend on 1 minute.Second, place your entry accordingly, depending how far the swing pivot is....period.We dont even need the 4 range for this.The entry should be place just before the candle closes on the 1 minute...simple
The areas that i am ready to take a signal, with the trend, are generally correct, now, all we need to do is execute

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  #200 (permalink)
 bobarian 
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12/21/2011
6 trades cl
-$160 net
trading during the week before xmas, i have the mindset, not to getto frustrated if the action is weird.But, so far , this week, its been ok.It honestly would have been a good week, minus the mistakes.All in all, im happy with the direction im taking, and the videos have really helped me to

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