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bobs qwest to attain consistency
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bobs qwest to attain consistency

  #281 (permalink)
Elite Member
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bobarian View Post
1/31/2012
tuesday
8 trades
-51 net
oy
the video is too painful.A good example of seeing the leaves, not the forest.When the market rallies straight up, i typically have trouble.Its not orderly, and the ranges of the bars are too big.The solution?stay out.Wait for order to return.I completely ignored my line charts today, and thats a no no.I will post the chart.
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I said basically the same thing yesterday on my journal. I didnt want to talk about it.

It happens, however, its how you deal with it that is important, I think. You cant be perfect everyday.

One thing I was thinking about for myself today was protecting my capital. I was determined to be break even. I figured, if I did that for the day, my positive trades ( and you always have good trades in a session) would carry the day for me.

I like the videos, as well. In fact, I look forward to them...I cant do them, as it takes too much computer manipulation, and I dont have the inclination. So I really admire a person that has that ability.

Maybe you have to look at it as negative reinforcemnet. If you have to fess up to your wayward departure, (from your own rules, distracted trading...whatever) what is the likelyhood you will repeat the behaviour? There is a reason you did what you did, but it wasnt apparant at the time.

I have been reading this book, Thinking Fast and Slow, and it describes the 2 thinking systems. System 1 is intuitive, and makes fast desisions. System 2 is methodical, does not make decisions quicly...takes thought.

Here is an example... Answer as quickly as you can...

A bat and a ball cost 1.10...the bat costs 1.00 dollar more than the ball.

How much is the ball?

Likely you said 10 cents, which is incorrect. The correct answer is 5 cents. your fast thinking gave you the intuitively wrong answer. Most people get this wrong ( I did)

How I relate this to trading...slow down and think before you trade. have a plan, everyday, and be mindfull of that plan. It ok to wait, there are many potential trades a day, make sure you take the very best ones everyday. I didnt do that yesterday, and thats one of the reasons I didnt have a profitable day.

Mike replied to my entry, and I could instantly see what he said made sense. Its part of holding yourself accountable, and being able to publically declare that accountability. Isnt that the point of having a trading journal?

BTW, I think you are going to get the results you want, and deserve. You have optimism and tenacity. I get that from your videos.

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  #282 (permalink)
Market Wizard
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VinceVirgil View Post
I said basically the same thing yesterday on my journal. I didnt want to talk about it.

It happens, however, its how you deal with it that is important, I think. You cant be perfect everyday.

One thing I was thinking about for myself today was protecting my capital. I was determined to be break even. I figured, if I did that for the day, my positive trades ( and you always have good trades in a session) would carry the day for me.

I like the videos, as well. In fact, I look forward to them...I cant do them, as it takes too much computer manipulation, and I dont have the inclination. So I really admire a person that has that ability.

Maybe you have to look at it as negative reinforcemnet. If you have to fess up to your wayward departure, (from your own rules, distracted trading...whatever) what is the likelyhood you will repeat the behaviour? There is a reason you did what you did, but it wasnt apparant at the time.

I have been reading this book, Thinking Fast and Slow, and it describes the 2 thinking systems. System 1 is intuitive, and makes fast desisions. System 2 is methodical, does not make decisions quicly...takes thought.

Here is an example... Answer as quickly as you can...

A bat and a ball cost 1.10...the bat costs 1.00 dollar more than the ball.

How much is the ball?

Likely you said 10 cents, which is incorrect. The correct answer is 5 cents. your fast thinking gave you the intuitively wrong answer. Most people get this wrong ( I did)

How I relate this to trading...slow down and think before you trade. have a plan, everyday, and be mindfull of that plan. It ok to wait, there are many potential trades a day, make sure you take the very best ones everyday. I didnt do that yesterday, and thats one of the reasons I didnt have a profitable day.

Mike replied to my entry, and I could instantly see what he said made sense. Its part of holding yourself accountable, and being able to publically declare that accountability. Isnt that the point of having a trading journal?

BTW, I think you are going to get the results you want, and deserve. You have optimism and tenacity. I get that from your videos.

thanks Vance, i appreciate it.The videos arent hard, if you really want to do them , let me know..quite easy actually.Today was weird..a full tilt.I just need to stop trying to learn what everyone else is doing, and use what i have.Once i left the 4 range behind, what did i do?I started studying Al Brooks.Its so funny, how easy i can sidetrack myself.Now, dont get me wrong, i think Al is great, and very smart.However, just like Perry, his system works great for him.If i would have traded correctly today, i would have atleast broke even.Hindsight is 20/20, we all know that.***********Today , that rally on the open sucked me in.It doesnt surprise me, these types of days are harder.***********So, what did i learn today?if the cl rallies at the open, be patient, and if the ranges are too big, stay out...preserve capital.The 2nd thing, is i need to stop trying to be someone else..plain and simple.Leave the charts the way they are...seriously Vance, if you want help getting the videos goin , let me know.Just making them is a great review!

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  #283 (permalink)
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VinceVirgil View Post
I said basically the same thing yesterday on my journal. I didnt want to talk about it.

It happens, however, its how you deal with it that is important, I think. You cant be perfect everyday.

One thing I was thinking about for myself today was protecting my capital. I was determined to be break even. I figured, if I did that for the day, my positive trades ( and you always have good trades in a session) would carry the day for me.

I like the videos, as well. In fact, I look forward to them...I cant do them, as it takes too much computer manipulation, and I dont have the inclination. So I really admire a person that has that ability.

Maybe you have to look at it as negative reinforcemnet. If you have to fess up to your wayward departure, (from your own rules, distracted trading...whatever) what is the likelyhood you will repeat the behaviour? There is a reason you did what you did, but it wasnt apparant at the time.

I have been reading this book, Thinking Fast and Slow, and it describes the 2 thinking systems. System 1 is intuitive, and makes fast desisions. System 2 is methodical, does not make decisions quicly...takes thought.

Here is an example... Answer as quickly as you can...

A bat and a ball cost 1.10...the bat costs 1.00 dollar more than the ball.

How much is the ball?

Likely you said 10 cents, which is incorrect. The correct answer is 5 cents. your fast thinking gave you the intuitively wrong answer. Most people get this wrong ( I did)

How I relate this to trading...slow down and think before you trade. have a plan, everyday, and be mindfull of that plan. It ok to wait, there are many potential trades a day, make sure you take the very best ones everyday. I didnt do that yesterday, and thats one of the reasons I didnt have a profitable day.

Mike replied to my entry, and I could instantly see what he said made sense. Its part of holding yourself accountable, and being able to publically declare that accountability. Isnt that the point of having a trading journal?

BTW, I think you are going to get the results you want, and deserve. You have optimism and tenacity. I get that from your videos.


I agree with this post with one exception....each of us currently is getting the results we deserve. Those results are consequences of our actions which produce the results we get. Therefore, we do not deserve profitability anymore than we deserve losses. We get what we produce through our behavior.

If that is true and I believe it is, then we will get profitable results when we exhibit profit producing behavior. That means doing the things we know to do. Like obeying rules we put in place. Like not counter trend trading if we characterize ourselves as trend traders...doesn't 98% of all of us say we are trend traders? Things like correct stop placement, honoring stops, patiently waiting for the set up instead of manufacturing set ups where there are none like I did today. Good money management...etc.

Only then will we get the good things trading brings. Not before.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #284 (permalink)
Market Wizard
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PandaWarrior View Post
I agree with this post with one exception....each of us currently is getting the results we deserve. Those results are consequences of our actions which produce the results we get. Therefore, we do not deserve profitability anymore than we deserve losses. We get what we produce through our behavior.

If that is true and I believe it is, then we will get profitable results when we exhibit profit producing behavior. That means doing the things we know to do. Like obeying rules we put in place. Like not counter trend trading if we characterize ourselves as trend traders...doesn't 98% of all of us say we are trend traders? Things like correct stop placement, honoring stops, patiently waiting for the set up instead of manufacturing set ups where there are none like I did today. Good money management...etc.

Only then will we get the good things trading brings. Not before.

well said guys...I believe my hangup, is i have an astonishing capacity to get sidetracked.Like i said....Just in the last few months...Perry, then Al Brooks...and others before it.Atleast with the 4 range(in relation to Perrys method), i finally put it to rest.Then i thought, just go back to what i was doing before i brought the 4 range back...All of a sudden, im obsessed with trying to put some of Al Brooks ideas to work....I like his analization of candlesticks, and it was like a refresher course, but yesterday, i was just way out of context...so, no more(until the next one?)Its not even funny any more...If i mention any other sidetrack, someone please give me a mighty biff!again, not even joking..im pissed at myself

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  #285 (permalink)
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bobarian View Post
well said guys...I believe my hangup, is i have an astonishing capacity to get sidetracked.Like i said....Just in the last few months...Perry, then Al Brooks...and others before it.Atleast with the 4 range(in relation to Perrys method), i finally put it to rest.Then i thought, just go back to what i was doing before i brought the 4 range back...All of a sudden, im obsessed with trying to put some of Al Brooks ideas to work....I like his analization of candlesticks, and it was like a refresher course, but yesterday, i was just way out of context...so, no more(until the next one?)Its not even funny any more...If i mention any other sidetrack, someone please give me a mighty biff!again, not even joking..im pissed at myself

To me, this isn't all bad. This is the growth of a trader in a way.

You never stop learning and adding more information and that is what keeps it fresh and evolving.

What I do is stick with the same method, then as a 'side-track' I follow and do historicals on other methods and over time evaluate whether it is something I can add to my tool belt.

I think that reaching out and seeing what others do is good and bad, but over time mostly good. The key I think to me is to stick with your method while evaluating others.

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  #286 (permalink)
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2/1/2012
wed
2 trades cl
- 1tick net
A little shell shocked from yesterday, and a little angry too.I need to just focus on what i have here,and stop sidetracking myself.Today was a pretty tight
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  #287 (permalink)
Market Wizard
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bobarian View Post
well said guys...I believe my hangup, is i have an astonishing capacity to get sidetracked.Like i said....Just in the last few months...Perry, then Al Brooks...and others before it.Atleast with the 4 range(in relation to Perrys method), i finally put it to rest.Then i thought, just go back to what i was doing before i brought the 4 range back...All of a sudden, im obsessed with trying to put some of Al Brooks ideas to work....I like his analization of candlesticks, and it was like a refresher course, but yesterday, i was just way out of context...so, no more(until the next one?)Its not even funny any more...If i mention any other sidetrack, someone please give me a mighty biff!again, not even joking..im pissed at myself

with better renko + better brick you can have both, range bar and apply Brooks' tls to their wicks

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  #288 (permalink)
Market Wizard
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bluemele View Post
To me, this isn't all bad. This is the growth of a trader in a way.

You never stop learning and adding more information and that is what keeps it fresh and evolving.

What I do is stick with the same method, then as a 'side-track' I follow and do historicals on other methods and over time evaluate whether it is something I can add to my tool belt.

I think that reaching out and seeing what others do is good and bad, but over time mostly good. The key I think to me is to stick with your method while evaluating others.

Agood point Bluemele, but the problem, is i stray from my method(or disregard totally) So, i just need to focus , and stop searching...atleast for now

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  #289 (permalink)
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2/2/2012
thursday
3 full stops..would be done for the day live
I made a few mistakes, there were some good trades also.One thing i should notice, is , try not to take an entry vs a trending 50 ma unless you have room.Alot of days the 50 ma will be flattish at times, and that could be ok( i think)..the 2nd mp4 is just a test for resolution
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2 2 2012.mp4 (20.32 MB, 10 views)
test resolution.mp4 (607.5 KB, 7 views)
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  #290 (permalink)
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2/2/2012
5 min line on close ch
recap..., well 20/20 hindsight is beautiful today....basically, i drew the 2 horizontal trendlines that were prominent..then, any time we get a 2nd leg to a swing, idraw that trendline, and duplicate it...move the duplicated trendline above or below, depending which direction you are headed..quite simple.As hard as today wason the 1 min, this chart weeded out alot of noise...Atotal of 5 trades , i would have been done before 10:30 with the news and all.**************There were 5 arrows on the 5 min..then, we look to the 1 min for the entry...

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