I appreciate the feedback guys.Just like many others, i have been beat on a little bit in this business.Its part of the deal, and as such, we must develop a thicker skin, just to stay positive and focussed.I have been in rooms, were people were obnoxious, so i know the difference between constructive criticism, and otherwise.And your comments have value.So basically, if you want to say something, then by all means, do so.Some may think this is just a personal journey, but i think that is not the case.We are all working toward the same goals, more or less, its just that some of us are at differnt levels.When i see Pandawarrior finally cross over into profitability, that affects me.
I am so glad to be back from the break!Everyone was sick, and my kids couldnt go outside, so they grinded us for 10 days.This week, vol should be a little low, but hopefully will start picking up.
The plan, is to continue watching the 1 min, and take those trades for sure.Also, i will continue to observe the new 4 range, and trade as well, with the permission of the 1 min.My video and pics from yesterday, appeared to be focussed on the 4 range.However, the 1 minute was the boss.We were in a solid uptrend while i was trading.Unfortunately, on the 1 min, the moving avgs just ran away.
And last but not least, i am not ditching everything i put together these last few months, to get off track on something new and exciting.Been there done that.So, i totally get what you are saying, and i will be careful!
thanks again guys!
The following 5 users say Thank You to bobarian for this post:
im fumbling my way through, with trying to use the 2 charts together.This may take some time.Had a crazy spike after 9:40, i got sucked into 1 loser there.The 2 charts were conflicting, which made for a tough day.My thoughts are, for longs, when the 1 min mas are correct, if we dont get an entry off the 1 min, be aware of entries on the 4 range.Opposite for longs
Volume tailed off, as usual, after 10:30, and all in all, this week, vol will probably be light.
Also, when the price initially crosses the 21 ma on the 1 min with a correct close, and the mas are correct, this is when we can look to the 4 range.
Typically, the entry technique on the 1min, is very different, than the 4 range.An entry on the 1 min, taken on a pb with the trend, will be much earlier than the 4 range.And , when the 4 range entry sets up, price will be away from the trendline on the 1 min.Is this good?bad? neither? im not really sure.I know one thing tho, i cant take 4 tick goals.So, ultimately, price action always rules out.Not feeling well today, so, i will stay home from the gym for now, and replay the day.these pics are obviously not the trades i took today, but they areentries in the rules i am working on.I did them on replay, so i can look at em.
A and C are with the trend on the 1 min, but the entries were off the 4 range, with approval from the 1 min.Trades B and D are counter trend trades.Once price closes below the 21 ma on the uptrending 1 min, i look to the 4 range, for an entry to take me towards the 89.As long as there is adequate room, between the 21 and 89 on the 1 min.It makes sense, i believe.
Also, although none here, i am still looking to take entries off the 1 min, as i was in december.
Lets give this some time, and see what we see
Last edited by bobarian; January 4th, 2012 at 01:31 PM.
The following 3 users say Thank You to bobarian for this post:
there were opportubities earlier, but between being sick, and otherdistractions, i managed to take a loss.Just wasnt alert enough today, plain and simple.The trades , seem to set up between 8:30 and 10:15 nicely.After that, price action seems to change.Made a mistake on that last trade.Seeing the leaves, and ignoring the forrest.Well, i knew price action was sideways and sloppy, but we were getting higher lows.I moved my sl to below the slop, and got hit.What a waste.As bad as my timing was today, i was green before that lousy entry.
The 1 min,i have drawn circles in areas where there is a pb area, and thus, where an entry makes sense.This is really based on price action.From 9:15 to about 9:45, i was just looking for short entries.I did miss afew, and fat fingered one, but as i said, was green , until that last one.I bailed on the 3rd trade, it just pulled back too much, but, if i was alert enough, there was an entry just after that, same area.
Also, the dow was playing the spoiler today, such a pos.
Last edited by bobarian; January 5th, 2012 at 11:52 AM.
The following 4 users say Thank You to bobarian for this post:
the cl sold off pretty hard after the dow open.I had 1 mistake, but a few good trades as well.In my review yetserday, i was looking at entries, and realized, that , when lookin at the 1 min, i was getting in late.I went back to the 4 range, and realized, that i was passing on the initial entry, and essentialy taking the 1st pb in the move.When trading on the 4 range, the way perry does, i believe you have to look at a potential setup, and place your entry accordingly.This way, if it does hit the entry, the mas will be in line.This takes some practice, as, i am forecasting and saying"ok, the mas are very close to being in line, if i put my entry here, and it triggers, the entry will be in line upon my entry"I have been doing this for a while anyway.The great thing today, is that, typically, the entries on the 4 range were very close to the entry on the 1 min.Yhis, is what i am hoping to dial in.Basically, when price pulls back in a trend, i want both charts to be able to say something to me.
The following 3 users say Thank You to bobarian for this post:
just dialing into price action.These cicles are areas to look for entries.Seems too easy, but the 4 range provides the heads up, and the entry.The 1 min is just to identify the swings and ranges.Nothing but candles...hmmmm
The following 6 users say Thank You to bobarian for this post:
today , just felt like i was a little off on my timing.Missed a nice retrace to the desc 21, i cant do that.Also, didnt get a fill on another good one.I had, realistically, 8 entries, thet were takable.Its funny, but i just have this feeling, that until it all comes together, i will conntinuosly break even, or draw down.Kinda like a football team on the verge of crossing over to victories, and is getting closer, but at this stage, still finds a way to lose by the end of the day.Well, we must continue on, work harder, and focus.
The following 2 users say Thank You to bobarian for this post: