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bobs qwest to attain consistency
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bobs qwest to attain consistency

  #371 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
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bobarian View Post
3/5/2012
monday
1 trade
+17
An
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  #372 (permalink)
Market Wizard
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3/7/2012
Cl opened inside yesterdays range, at a level that imo, had alot of res above.The vol ladder actually was showing green, as we headed up to 105.42.On the 5momentum chart, we topped at this level, and retraced, making a lower low.The cot on the vol ladder at this point was really showing red.We got one last pullback to the high value area of the vol stack, which coincided with the vwap.This was the entry to go short.Just moments later , cl broke the low of the open, and dropped.Price briefly hesitated at the 5min 21 ema, and continued to fall.Another hesitation at 104.90 area, which might have been a high vol area from yesterday.

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  #373 (permalink)
Market Wizard
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3/12/2012
2 trades
-7 ticks net
opened with a gap down, and tested wed(3/7) poc,and rejected.I thought we had a chance to fill the gap, if we got back above the vwap, which we did.The entry, however, was on top of the desc 21 ema, which was also the 106.10-106.20 area which had resilience on friday, and also thurs i believe.I thought, this early, we could muster the momentum to break the 21...that failed,and we broke back below the vwap.I chose not to short here, as the wed poc was just below, and was rejected.Actually , i had a naked buy stop at .83...when price came down, all of the buy vol on the vol ladder was immediately swallowed up, and i took the bs off just in time..Trap door, and it fell.We made a new low, and there was possibly a long down there, i need to check if vol supported it.The goal would have been just shy of the vwap.I had a short at the vwap, and i missed entry by 1 tick.This happened twice today, so , in the future, i guess put entry 1 tick below vwap..whatever.The last trade, which i passed on , was above the poc of wed, and the 21 ema(finally) on the 5 min 24 hour ch.It was close to 11 am, the vol was tailing off a bit.I thought it was a ok trade. I just chose not to take..It blasted off.If it was at 10:30, i would have taken for sure..whatever(again).Under the weather today.The opportunities were there...tomorrow is anotha day..peace

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  #374 (permalink)
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  #375 (permalink)
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3/13/2012
tuesday..fomc day
2 trades
+6 ticks net
the overnight session was above yesterdays range, but on the open, we were gapped up about 30 ticks from yest close..no big deal.Just after the open, price shot up to 106.75 area, which was the poc for thurs i believe.It failed, we took a short just below vwap on pb, quick and easy 16 ticks.Price fell a bit more, and pulled back to the desc vwap(gift) which i didnt take????? i guess i dont like gifts.We fell hard from there.We had 1 more pb to the vwap, oh..i didnt take that either????I took one more trade , and it was stupid.Just not a good trade..A short above the vwap...We were wedged above the vwap, and the 21 ema..................................................................Today should have been a 40+ tick day, but i got 6.With the work ive done in the last 6 weeks, in particular, with the vwap, i need to step up now.Ive been hovering at the breakeven level, which is fine.The previous level was alot of mistakes, and drawdowns.Actually , last month, i drew down almost 1k , if i remember.This month, so far, were up a bit.Its time to get moving.The trades are there.In the first 90 minutes, i generally see 3-5 trades that are takable................................................Its time to get to the next level, which is profitability in sim.

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  #376 (permalink)
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bobarian View Post
3/13/2012
tuesday..fomc day
2 trades
+6 ticks net
the overnight session was above yesterdays range, but on the open, we were gapped up about 30 ticks from yest close..no big deal.Just after the open, price shot up to 106.75 area, which was the poc for thurs i believe.It failed, we took a short just below vwap on pb, quick and easy 16 ticks.Price fell a bit more, and pulled back to the desc vwap(gift) which i didnt take????? i guess i dont like gifts.We fell hard from there.We had 1 more pb to the vwap, oh..i didnt take that either????I took one more trade , and it was stupid.Just not a good trade..A short above the vwap...We were wedged above the vwap, and the 21 ema..................................................................Today should have been a 40+ tick day, but i got 6.With the work ive done in the last 6 weeks, in particular, with the vwap, i need to step up now.Ive been hovering at the breakeven level, which is fine.The previous level was alot of mistakes, and drawdowns.Actually , last month, i drew down almost 1k , if i remember.This month, so far, were up a bit.Its time to get moving.The trades are there.In the first 90 minutes, i generally see 3-5 trades that are takable................................................Its time to get to the next level, which is profitability in sim.

Good video. Looks like you past on 2 great trades. Thats fine, there are always other trades. The main thing is, you identified it early enough to take it. Its not a mistake, just another trade that didnt work out. (or a trade you didnt take)

The first trade for 16 was sweet. Considering you have only been using the vwap and momentum for a couple weks seems to show a positive experience overall.

You seem to have more confidence, not only why a trade worked, but why it failed. Least it sounds that way to me.

I always learn something from you videos. Thanks for posting.

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  #377 (permalink)
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VinceVirgil View Post
Good video. Looks like you past on 2 great trades. Thats fine, there are always other trades. The main thing is, you identified it early enough to take it. Its not a mistake, just another trade that didnt work out. (or a trade you didnt take)

The first trade for 16 was sweet. Considering you have only been using the vwap and momentum for a couple weks seems to show a positive experience overall.

You seem to have more confidence, not only why a trade worked, but why it failed. Least it sounds that way to me.

I always learn something from you videos. Thanks for posting.

thanks Vance.The momentum ch is helpful.I wouldnt have gotten that off of the 5 min.That 2nd trade was just dumb..i tried to fit it in, and that wasnt smart.If i had taken the 1st pb to the vwap, like a good boy, that might have been good enough for the day.

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  #378 (permalink)
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bobarian View Post
starting this thread, to get on the right path, that will enable me to get to the next level , with my trading.Since i have read other journals, and been inspired.ive been a member of big mikes for about 4 months, and i think the support from the members, and mike, is truly amazing.
i looked through some of the journals, and perrys style of charts , and trading, appeal to the style that i would like to emulate.trading with the trend, is more forgiving, than trying to pick bottoms and tops.I have included an attachment, of the chart i have so far.perry was nice enough, to forward the force index, and dm plus, and i havent got it quite right
* i have fast and slow lines set at hash/dash/90 for the force index
* for the dmplus, the adx above and below, i made transparent, and the +di and -di are at hash/dash/90
im not sure if this is something that is different with nt7, i just want these 2 indicators to look like perrys.
i really appreciate the help ive gotten from beth, perry, and max-td.
i am using better renko charts, with a brick size of 2, which has a max range of 5 ticks per bar
i also have a 2oo ma on the chart, which is orange.other mas are, 40 ma in purple, 3ma in black, 14 ma ema colors

Like the renko...keeps it clean

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  #379 (permalink)
Trading for Fun
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bobarian View Post
2 typical short setups...
have used the dmi/adx indicators in the past, apparently, not correctly

the adx green line, is the key.it needs to be green, and rising.for the shorts,the di- needs to be rising also on entry...so basically, whatever direction for trade, both line need to be rising
i think they work better when both the 3ma and 14 ma are below the 40 ma, and i dont trade into the 2oo ma
also, i dont like to take signals near hod or lod

finally, another short

still simulating here, just started perrys method, probably not exact, starting tomorrow, all trades will be listed, and i really need to stay consistent with my thread..till tomorrow

I picked up a different way to view DMI in a trade room some where...i'll share it w/ you..u may like it or not, but u can check it out.

Change +DI and -DI to "Bar" like this....see attached...its easier on the eyes some say..

thought id pass on to ya if u can use it

Bill

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  #380 (permalink)
Market Wizard
whitestone, new york
 
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Billbb View Post
I picked up a different way to view DMI in a trade room some where...i'll share it w/ you..u may like it or not, but u can check it out.

Change +DI and -DI to "Bar" like this....see attached...its easier on the eyes some say..

thought id pass on to ya if u can use it

Bill

thanks Bill , i have moved on from the dmi, using pa mainly these days

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