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Bojangle's Journal


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Bojangle's Journal

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  #1 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

I'm going to start posting in this journal tonight. I'll post my pre-market analysis and my review. I am on simulator and am developing a method. I have been doing this privately for a while, but i've been spinning my tires. I'm hoping that sharing my method-in-progress i can help others and they can help me. I would really, really appreciate others commenting and criticizing my analysis and asking questions and giving input. This journal is a place for honesty and collaboration. Thanks guys, i hope this works!

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  #3 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received


I use volume profiling to find areas of interest and to get the rotational idea going into the day. I use 24 hour profiles as well as split-session profiles and a volume profile composite chart. Together these profiles make up my analysis pre-market. For entries i use the 5 minute footprint chart. I try to keep it simple, consistent and to the bare-minimum.

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  #4 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

A problem that i know of with my trading is that i'll set a plan and a map for the day based on the big picture, but then once trading starts i will be confused whether i should take a long or a short. I'd trade the plan, but my plan is more of a map than a pre-determined trade plan. So if a failure pattern comes in, i'm looking to go with that failure, regardless of the bias outlined in the plan. Like today at 1331ish, price failed to reach the prior high and then broke down below the IBH. That was saying short to me, but responsive buyers were active at prior day's vpoc at 19.5 (high of my res zone). I didn't take the trade, but i watched it cause i was just so unsure about everything at that moment.

After having written this out, i ask: do we ever know what will happen? I don't. Could i have taken the short, then scaled at the prior day's vpoc and then eventually exited the trade once i saw that buyers just weren't going to give that price up and then flipped to long for a test of my upside target at 1332.75-1334? It would have made sense. Do i need to pay Mr. Market to tell me which direction it wants to go? My max bet then needs to be within my risk parameters (2% max per trade) and my position size adjusted accordingly to my confidence in the trade.

I didn't really trade today cause i've been struggling to figure some things out. Another trade i want to address was after the FOMC minutes, price dropped down to the IBH after buying having shut off in my upside target in the 1332.75-1334 zone, then climbing up to 1332.75, but failing a tick ahead of it. Then sellers entering taking price down through the IBH and to the 1329.5 top of the support zone (1327.75-1329.5) and buyers entering. But the IB was broken into again, so a long wasn't exactly what i would have wanted to see. I was watching the footprint and i could sense that buyers were having a hard time holding it above the IBH. This would have been a nice short, but then where was my target to the downside? Possibly the o/s high at 1326.75 or the open at 1325.75 or the IB low to yday's low at 1324.75, that cluster of support including yday's low, today's open, ib low and o/s low. After today's end-of-day drop, we got back within a longer time-frame volume range and i'd think the market will want to test test the 1322-1320.5 support area which could be a solid place for considering a long.

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  #5 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

notes for o/n:
  • expecting a test of 1322-1320.5
  • initial resistance = 1327.75-1329.5
  • upside target = 1337.25-1338
  • downside target = 1322-1320.5
  • above 1329.5, eventually expecting yearly high at 1338 to be tested (based on today's profile + composite - there isn't really anything of significance in the way and the rotation seems likely if buyers can hold it above 1329.5)
news:
  • mba purchase applications at 7.00
  • eia petroleum status report (crude oil inventories) at 10.30 – imp – medium impact
  • dennis lockhart speaks at 12.00
  • treasury STRIPS at 3.00
news taken from: 2011 Economic Calendar and forexfactory.com.

blue zones = initial targets

red zone = downside target

green zone = upside target

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  #6 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

o/n results:

last night buyers stepped in at 1326 and took price up above 1329.5 and then to within 3 ticks of the o/n high target. acceptance was built higher and initiative buying broke price out of the recent price range.

plan:

above initial support, expecting the yearly high to be tested at 1338 (open gap at 1337.5). above the yearly high, I am expecting the initial resistance zone to be tested at 1342-1344.5. below initial support, I am expecting the downside to be capped in the 1327.5-1325.25 zone (open gap at 1326.75 and nvpoc at 1327.5).

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  #7 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

review:

responsive buyers were active at initial support off the open. buyers took price up above the o/s where responsive sellers were active. Price then tested initial support / o/s low and buyers came in, but sellers were now active at the open / ydays high. sellers then broke price down below the initial support zone where buyers were active and pushed price back up to the open / ydays high. Sellers were active up there again and from there sellers took control and pushed price down into the downside target at 1327.25-1325.25 where the low of the day was put in. off of this zone, the bigger picture idea would have been to break above initial support, but at the end of the day when initial support was broken into from the downside, sellers were active and pushed price back down below the IBL going into the close. Sellers are closing the day in control and acceptance was built higher and value shifted slightly higher. the day was closed back within the larger timeframe volume range the ES has been in for a few days now.

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  #8 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

news:
  • chain store sales
  • sandra pianalto speaks at 3.45
  • jeffrey lacker speaks at 8.20
  • jobless claims at 8.30 imp - high
  • eia natural gas report at 10.30 low
  • consumer credit at 3.00 low
  • fed balance sheet at 4.30
  • money supply at 4.30

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  #9 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

Trading the big picture is going with the flow of the bigger picture. I'm trading the bigger picture with the 5 minute. Intraday i have to be bale to spot action that can change the flow of the bigger picture, at least temporarily. Like today off of initial support zone at 1331-1333, price bounced off of it, broke above the o/s high and found responsive sellers and broke back into the o/s and tested the initial support zone high again. Then buyers took price up to the open where responsive sellers were found. Then sellers tested lower and buyers entered at the low of the initial support zone and again tested the open, but sellers were active and eventually over-powered the buyers. this was saying that upside is now very unlikely, at least temporarily, and that the big pic flow could now be heading down. The next level of support was at the 1327.5-1325.5 area and i expected buyers to be active here as it was my downside target. Buyers were active and a change in flow again occurred, now to the upside. The idea is to have a clear image in your mind of what the bigger picture is and what the flow is going into the open and then to trade that flow until something dis-confirms it, changes in intraday.

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  #10 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received


haven't been feeling so great. Yday i didn't do anything and today i won't, but i'll post my analysis.


news:
  • dennis lockhart speaks at 8.00
  • wholesale trade at 10.00 low
  • fomc member fisher speaks at 10.15 medium

plan:
not much news today, so cant expect much volatility. Expecting the yearly highs to be taken out today above initial support. if sellers can push price down below initial support, buyers have lost control in the short-term and longs are riskier anywhere before the downside target. expecting responsive sellers at the initial resistance zone in the 1342s. open gap at 1337.5 and 1328.5 and 1321. Nvpocs at 1342, 1329, 1322. All of these are targets and I expect the closest ones to be hit first. bias is bullish above initial support.

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  #11 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

OK, well...

I never took into consideration the trend... the piece i was missing. Now i'm getting to the point where a high percentage of the time i'm on the correct side of the market, but i'm lacking confidence to pull the trigger.

I'm using rth profiles over-layed onto a 100k volume candlestick chart for my main big picture and a 405 minute rth candlestick chart for an even bigger picture. during the day i start with the 5k volume chart and then i eventually switch over to the 10k volume chart. I use the 10k volume chart because it makes more sense when using a 100k anchor chart. The profiles are good for the more precise s/r and the price action is good for s/r as well as bias, generating ideas.

For executing on my ideas (hypotheses), i use a combination of the 5 sec, the footprint (6 reversal), and a tape (with a 50+ filter) after stalking the 10k action for an entry within the context of the bigger picture charts.

Reviewing the RTH isn't so bad to find ideas. The harder part comes when reviewing the ON action going into the RTH session to determine bias as well as to determine where i think responsive buyers/sellers are likely to be active. To review the ON action i use a 30 minute chart and i find this to REALLY clear it up.

It works, it really does... I'm able to cut my losers off and allow my winners to run when the market wants to move further than just a rotation. My problem is my fear in executing, the fear of the unknown. I accept that i just can't know what will happen, that all i can do is have an idea, look to the NOW, execute, manage the trade in the NOW, accept the outcome, move on and forget the trade. This is something i haven't ENTIRELY accepted.


Maybe with this, those who are just starting will take away a foundation and go from there. I've realized through experience that it is not likely the technicals that are wrong with one's system if they are logically derived, but it is one's mentality. To take a few losses and not become disheartened to take that next trade that could wipe away all losses and put you into the green. To accept the uncertainty of the market, that all outcomes are out of your control.... and much, much more.

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 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

I understand that this foundation has not been proven yet, but i intend to prove it as i improve my trading based off of it. the only way for me to prove it is to post here what i post in my private journal for the day. this might be to much of a commitment for me, but we'll see.

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 Big Mike 
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bojangle View Post
I understand that this foundation has not been proven yet, but i intend to prove it as i improve my trading based off of it. the only way for me to prove it is to post here what i post in my private journal for the day. this might be to much of a commitment for me, but we'll see.

You can do it!

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  #14 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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pre-plan:

short-term line in sand at 96.5
above, upside target is 1315
below, downside target is 78.75 and lower

larger-term line ins and is at 1315
above, target is 43.5 (bearish 405 min)
below, downside target is 78.75 and lower

news:

ism mfg index at 10.00 imp - high
construction spending at 10.00 imp low

here's what i'm looking at:

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 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

plan:
below 98.75 (ON low), picture has turned bearish and I am expecting 78.75 and lower eventually. expecting responsive buyers to be active at 90-87.75 and then 78.5-80.5 on first test. if sellers fail at 98.75, expecting a test of 1313-1315 where I expect strong responsive selling.


first chart is ON and the second is RTH.

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  #16 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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fell 30+ pts in like 30 mins... logical thing for me was to STAY AWAY. was stalking all the way down to that 78ish area for a short, but no pull-back materialized for me to enter.

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  #17 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

pre-plan:

line in sand at 1315
below, expecting 52.25 and lower
above, expecting 1326 and higher

expecting responsive sellers to be active at 1304.75

expecting responsive buyers to be active at 70-68 on first test

expecting responsive sellers to be active at 85.5


news:

motor vehicle sales – all day – imp – low
icsc-goldman store sales at 7.45
personal income and outlays at 8.30 – imp – medium
redbook at 8.55

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 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

plan:

expecting responsive sellers to be active at 77.25 on first test. expecting responsive sellers to be active at 85-84.5. could be bounces at the 61.75, the 57 support levels, but not expecting much as my bias is bearish and my downside target is 52.25, where I expect responsive buyers to be active. short-term has turned bullish above 85. above 85, expecting 04.75 where Id expect responsive sellers to be active. above 04.75, expecting 1315, where Id expect strong responsive sellers to be active.


update:

buyers have seemingly rejected below ydays low at 1270ish and this could make a rotation up to 1285 likely

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  #19 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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3 good trades today - all profitable.

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 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

pre-plan:

expecting responsive sellers at 65.5, 85.5, 05

above 65.75, short-term bullish

expecting responsive buyers at 38ish



news:

mba purchase applications at 7.00
challenger job-cut report at 7.30 low
adp employment report at 8.15 imp - high
treasury refunding announcement at 9.00
factory orders at 10.00 imp medium
ism non-mfg index at 10.00 imp - high
eia petroleum status report at 10.30 imp medium

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  #21 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

plan:

expecting responsive sellers to be active at 1258, 63.75-65.25. above 65.25 (short-term line in sand), buyers are in control in the short-term and the target is 85.5, where I expect responsive sellers to be active. above 85.5, the target is 1305, where I expect responsive sellers to be active.above 85.5, buyers have control in a larger timeframe and the target is 1343 and up. expecting responsive buyers to be active on first test of 32.5-30.75, then at 23.25-25. responsive buyers could be active on first test of 45-44, but it would be riskier.

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  #22 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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3 trades. 2 losers, one winner. last two trade arrows were garbage. profitable day.

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  #23 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

pre-plan:

expecting responsive sellers at 65.5
expecting responsive buyers at 47.5-45.75
expecting responsive buyers at 36.5
above 65.5, expecting 85.5 eventually


news:

chain store sales
monster employment index at 6.00
jobless claims at 8.30 imp - high
bloomberg consumer comfort index at 9.45
eia natural gas report at 10.30 low
treasury STRIPS at 3.00
fed balance sheet at 4.30
money supply at 4.30

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 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

plan:

expecting responsive sellers to be active at 46-48. expecting responsive buyers on first test of 30.75. expecting responsive sellers at 63.75-65.25.expecting responsive sellers to be active at yday’s high at 57.75 on first test. above 47.5, there is a chance price will test the 65.25 area. below 47.5, there is a good chance for rotation below yday’s low at 30.75. expecting responsive buyers at 23.25-25.

bigger pic: been going straight down for a while now on the 405 min and will need a pullback eventually so we could get into balance mode soon
something to watch for over the next week or so (not much downside progress)

EDIT:
if this bigger pic idea is to happen, likely the 30.75-36 will be protected by buyers

target for this pullback would be roughly 85 for now

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 bojangle 
NYC, NY
 
Trading: ES
 
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no trades today.was looking, but WAY too volatile... jesus.

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  #26 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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pre-plan:

short-term line in sand is 1230
- below, expecting more downside
- above, buyers in control in short-term and expecting a test of 1257.5

expecting responsive sellers at each resistance zone below 1230

bigger picture: above 1304, buyers are in control and a lot higher prices are to be expected eventually if buyers can hold price up above 1304

bigger picture: below 1156.5, huge picture is bearish and potentially the market could fall down to 987.25, then 618.5 pending apocalypse. lol
- expecting bounces at: 1156ish, 1109ish, 1018.5ish, 985.75ish


news:

monster employment index
employment situation at 8.30 imp - high
consumer credit at 3.00 low

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 bojangle 
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insane past few days. not trading anything today, instead working on my web application developments. have a good weekend.

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 Big Mike 
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bojangle View Post
insane past few days. not trading anything today, instead working on my web application developments. have a good weekend.



Mike

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 bojangle 
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pre-plan:

friday’s action is making this down-move starting to look bullish

expecting responsive buyers to be active at 63.5-65.25 on first test

expecting responsive sellers to be active at 99-01.5

expecting responsive sellers to be active on first test of 12.75

above 1215.5, expecting a move to 57.5 eventually, which is where I’d expect responsive sellers to be active

the bottom could be put in at 63.25 – friday was a huge hammer (buyers active swiftly at the lows)

below 63.5, expecting responsive buyers at 57.25-59 – expecting strong responsive buying here (very important level)
- below 57.25ish, sellers are in control in a huge timeframe and 984ish is the target down


news:
no news

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  #30 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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plan:

if buyers are active at the ON lows, expecting a test of 1215 eventually. because of this, shorts are riskier above 63.25 in the short-term. expecting buyers to be active on first test of 63.5. expecting responsive sellers to be active on first test of 88.75. expecting responsive sellers to be active on first test of 99.25-01.25. expecting responsive sellers to be active on first test of 15.5-13. expecting responsive buyers to be active at 57.5-59.25. above 1215.5, expecting a test of 1257.75. below 57.25ish, sellers are in control in a huge timeframe and 984ish is the target down.

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  #31 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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selling, selling, selling. light depth, wild and rapid swings. no trades. waiting till the market calms down.

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  #32 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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pre-plan:

below, expecting 1018ish, then 984ish
above, expecting responsive sellers to be active at 1149ish, 1168ish
above 1168ish, responsive sellers could be active in the 89-98ish area
big picture is bearish and downwards Im only expecting bounces at strong support


news:

nfib small business optimism index at 7.30
icsc-goldman store sales at 7.45
productivity and costs at 8.30 imp medium
redbook at 8.55
fomc meeting announcement at 2.15 imp - high

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  #33 (permalink)
 bojangle 
NYC, NY
 
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plan:

line in sand for short-term at 49.25. above 49.25, expecting responsive sellers to be active at 68.5-66.25 on first test. expecting responsive sellers to be active at 89 (range of 89-97ish). above that, expecting responsive sellers to be active at 15.5. expecting bounces at support (but risky given violent downwards movements over past week). best to wait for exhaustion at support zones. buyers MAY be active at ydays low at 09.5 and 95.5-94.5 I say this given the rapid up move after the ON low was put in and then how far buyers took price up from there and then pulled back and made a HL.

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 bojangle 
NYC, NY
 
Trading: ES
 
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thin DOM, large prints... bad combo for me. took 1 trade (short) and got +3 ticks out of it - i was faked out by the volatility before it went and hit my target and continued on down.

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  #35 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

pre-plan:

with the slightly lower low today, ending with the close well above 1149, the recent swift down move over the past week is looking like it’s starting to pull back

expecting responsive buyers at 47-49, 30.75-29.25

below 29.25, expecting 97.25 and lower

above 97.25, expecting 15.5ish (roughly 50% + last bigger swing high)

if buyers can hold price above 1257.5, market is looking a lot more bullish

expecting responsive sellers on first test of 88.75 (nvpoc)




news:

mba puchase applications at 7.00
ceridian-ucla pci at 9.00
wholesale trade 10.00 – low
eia petroleum status report at 10.30 – imp – medium
treasury budget at 2.00 – imp – medium

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  #36 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
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plan:

volatility: ON action wasnt nuts, but we have treasury budget at 2.00 expecting responsive sellers on first test of 75.75ish. expecting responsive buyers at 42, 31.75-28. below 28.75, expecting ydays low, which responsive buyers may be active at on first test, but expecting even lower prices from there. above 28.75, my upside target is 15.5ish, where i am expecting strong responsive sellers to be active. shorts have more risk above 28.75 in the short-term.

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  #37 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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pre-plan:

below 35.5, expecting 97 and potentially lower
expecting responsive sellers to be active on first test of 57.75
expecting responsive buyers to be active on first test of 97ish


news:

international trade at 8.30 imp - high
jobless claims at 8.30 imp - high
bloomberg consumer comfort index at 9.45
eia natural gas report at 10.30 low
fed balance sheet at 4.30
money supply at 4.30

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  #38 (permalink)
 bojangle 
NYC, NY
 
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woke up too late to do an entry. here is my one trade for the day.

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  #39 (permalink)
 bojangle 
NYC, NY
 
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pre-plan:

thinking pullback has started
57.5 is the line in the sand
expecting responsive buyers at 53.75-54.5
below 38, sellers are in-control in the short-term and expecting 13.75
above 38, expecting 15.5

news:

retail sales at 8.30 imp - high
consumer sentiment at 9.55 imp - high
business inventories at 10.00 imp medium
william dudley speaks at 10.00 low

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  #40 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
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plan:

expecting prior days high at 1184, then higher. expecting responsive buyers to be active at 53.75-54.5. line in the sand for short-term is at 53.75. below 53.75, expecting wednesdays low at 1114ish.

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  #41 (permalink)
 bojangle 
NYC, NY
 
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no trades.... again because of volatility. volume has been on a decline since monday and friday's volume was about 2 million, which is a little bit higher than the average a few weeks ago.

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  #42 (permalink)
 bojangle 
NYC, NY
 
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Posts: 161 since Feb 2010
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pre-plan:

intermediate term is bearish below 1215.5
longer term is bearish below 1257.5
short-term is bullish above 1153.75
expecting responsive buyers to be active at 64.5, 54.5-53.75
expecting responsive sellers to be active at 1213-15.5

news:

empire state mfg survey at 8.30 imp medium
treasury international capital at 9.00 imp - high
housing market index at 10.00 imp low
dennis lockhart speaks at 1.25

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  #43 (permalink)
 bojangle 
NYC, NY
 
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plan:

normal volatility and volume ON session!!!!! expecting responsive sellers to be active on first test of 1187. idea is for a pullback, with the downside target at 1153.75. expecting responsive buyers to be active at 1165 on first test. line in sand for pullback idea is at 53.75, and that is where I am expecting stronger responsive buyers to be active. below 53.75, buyers may be active on first test of 38-39.5, but eventually expecting 13.5, where Id expect responsive buyers on first test, then lower. above the ON high and fridays high at 86.5, expecting 13-15.5, where Id expect responsive sellers to be active.

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  #44 (permalink)
 bojangle 
NYC, NY
 
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6 trades. a couple missed. a couple i shouldn't have taken. 1 i should have held longer for a full runner. 1 trade was a runner, 1 trade was just a first-scale. profitable day.

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 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

pre-plan:

expecting responsive buyers at 84.25 (days low)
expecting responsive buyers at 64.5ish
line in sand at 53.75 still, where Id expect stronger responsive buying to be active
- below, expecting 1114ish
expecting responsive sellers to be active at 15.5ish

news:

icsc-goldman store sales at 7.45
housing starts at 8.30 imp - high
import and export prices at 8.30 imp medium
redbook at 8.55
industrial production at 9.15 imp medium
e-commerce retail sales at 10.00
loan officer survey tentative low

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  #46 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
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plan:

below 53.75, its more than just a pullback in an upside movement and the larger-term downtrend is expected to continue with 1114 and lower as the expectation. expecting responsive sellers to be active at ydays low at 1184.25. if buyers can hold above 87.5 short-term line in sand, expecting 98.5 open gap and then 1201.75, which is where Id expect responsive sellers to be active on first test. below 87.50, downside target is 53.75, but before that expecting responsive buyers to be active at 65. keeping fridays nvpoc at 76ish plotted because if sellers fail there we could see ydays high at 91.5.


update:

87.5 has been broken and now expecting prior days high at 01.5 eventually. expecting responsive buyers at 84.75 (ydays low) and the ON low at 79.75. below 79.75, downside target is 53.75.

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 bojangle 
NYC, NY
 
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Posts: 161 since Feb 2010
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what a headache today was. i lost focus and objectivity at about 11.00. i didn't have the guts to trade after that. this is definitely something i need to overcome: just continuing trading, pushing through after losses because the next trade, if based on sound analysis, COULD easily make up for those losses and then some.

also got into an argument with someone i know regarding trading... the dumbest thing to do in trading is to talk methods with another. it will only end in an argument.

really was a day that hit me hard emotionally.

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  #48 (permalink)
 bojangle 
NYC, NY
 
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pre-plan:

405 min pullback ending still on (downtrend pulling back from 1114ish)
bias is bearish below 1215.5 (then bullish till 57.5)
expecting responsive sellers to be active at 01.5
expecting responsive buyers on first test of 64.75
pullback line in sand at 53.75 expecting responsive buyers here on first test
expecting responsive sellers to be active at 1215.5ish


news:

mba purchase applications at 7.00
producer price index at 8.30 - high
eia petroleum status report at 10.30 imp medium
richard fisher speaks at 1.20

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  #49 (permalink)
 bojangle 
NYC, NY
 
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plan:

expecting responsive sellers to be active on first test of 01.5. expecting responsive buyers to be active on first test of 83.75. 83.75 is the short-term line in the sand. below 83.75, expecting 65 (responsive buyers expected to be active there on first test) and then 53.75 (expecting responsive buyers on first test). above, expecting responsive sellers to be active at 15.5ish.

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 bojangle 
NYC, NY
 
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sharing an idea: targeting 92-90s. expecting responsive buyers there. 90s are line in sand, below that, 405 min pullback considered complete, but bounces can be expected at support.

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 bojangle 
NYC, NY
 
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results of that idea

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 bojangle 
NYC, NY
 
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done for the day. last long was the stop order for my last short... it hit the target and ninja doesn't automatically cancel stops when it does that....has happened like 20 times now.

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 bojangle 
NYC, NY
 
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forgot to post last night.

pre-plan:

expecting responsive selling at 93.5
above 93.5, expecting 1215.5ish?
expecting responsive buyers on first test of 77.5ish
pullback ended on 405 min and now lower prices?
expecting responsive buyers on first test of 53.75


news:

consumer price index at 8.30 imp - high
jobless claims at 8.30 imp - high
william dudley speaks at 8.35
bloomberg consumer comfort index at 9.45
existing home sales at 10.00 imp - high
Philadelphia fed survey at 10.00 imp - high
leading indicators at 10.00 low
eia natural gas report at 10.30 low
fed balance sheet at 4.30
money supply at 4.30

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  #54 (permalink)
 bojangle 
NYC, NY
 
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plan:

expecting responsive buyers on first test of 53.75. the idea was that the 405 min is in a down-trend and was pulling back and now that pullback seems to be over. below 53.75, expecting 1114ish eventually, then 1097ish. expecting responsive sellers to be active at yday’s low at 81.5, yday’s close+vpoc+lvn at 93-91s.

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  #55 (permalink)
 bojangle 
NYC, NY
 
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volatile day since ON vol was well above normal?

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  #56 (permalink)
 bojangle 
NYC, NY
 
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messy day. very stressful. was very clear though. was volatile and maybe that's what was stressing me out. entries were hard.

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 bojangle 
NYC, NY
 
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pre-plan:

bias = bearish
67.76 is the line in the sand on the short-term
expecting responsive buyers on first test of 1114
expecting responsive sellers at 48.75-50
expecting responsive sellers at 67.5
above 67.5, expecting 1206.75
below 67.5, expecting 1114ish, then 1097ish

news:

william dudley speaks at 8.30 low
sandra pianalto speaks at 1.45

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  #58 (permalink)
 bojangle 
NYC, NY
 
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plan:

volatile and high volume ON session, so volume and volatility could be wild today. above 50.25, upside target is ydays high with the line in the sand at 67.5. below, expecting 1114 where responsive buyers are expected to be active on first test, then 95.75 where buyers are expected to be active on first test. expecting responsive sellers to be active at 40, 48.75, 61. caution on short at 40 (ydays vpoc).

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 bojangle 
NYC, NY
 
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yikes. took a short at the midpoint but was quickly proven wrong as buyers aren't letting-up. right now, below 42s, i'd expect midpoint and below midpoint i'd expect 1114s eventually. a short at yday's high or 67s is better bet. i saw that long just now off of 42s (pullback to lvn), but i couldn't get in cause once it got to the 42s it wasn't....

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 bojangle 
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vpoc shift down. 47s now?

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  #61 (permalink)
 bojangle 
NYC, NY
 
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image speaks for itself. got a bloody fist from flipping out. stopping for the day.

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  #62 (permalink)
 Big Mike 
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bojangle View Post
image speaks for itself. got a bloody fist from flipping out. stopping for the day.

Trade #5 reveals a lot. Look at your MFE. What was your target? Were you trying to make up all your losses in one trade? What did your plan call for? Did you follow your plan?

And most importantly, if you did not follow your plan, then what specific steps will you take on Monday and next week to make certain that going forward you are going to follow your plan? Be as specific as possible.



Good job with the journal.

Have a good weekend,
Mike

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  #63 (permalink)
 bojangle 
NYC, NY
 
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Hey Mike,

Plan was to short the LVN as i was following the breakdown from the vpoc (wwanted about f buyers could hold above that lvn). was in and it went about 2 pts or so in favour and i had my first target at about 2.5pts. i was aware of demand continually coming in off of that lvn and so once it came back to my entry and got at/above that lvn i saw that buyers were able to grip the ask and so i bailed. my target was the IBL for the second car. turned out that the idea worked out but i think it was mainly because of the volatility today that i got out fo that trade. it will go in my favor, i'll see the opposite force coming in and able to hold the market, but then instantly it is at the extreme and then instantly it's not. barely anything is taking it up and barely anything is shooting it down... that's hard to trade.

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  #64 (permalink)
 bojangle 
NYC, NY
 
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pre-plan:

shorter-term line in sand at 28.25
- above, expecting 1140 line in sand
expecting responsive sellers to be active at 1140 short-term line in sand
- above, expecting 1161 where Id expect responsive sellers to be active
above 61, 405 min continuation is brought into question and market is looking more bullish

news:

chicago fed national activity index at 8.30
mortgage delinquencies at 10.00 medium

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  #65 (permalink)
 bojangle 
NYC, NY
 
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plan:

expecting 53.75 where Id expect responsive sellers on first test, then 61.25, where Id expect responsive sellers on first test (how far sellers are able to take price off of this zone is important). expecting responsive buyers on first test of 27s. below 27, sellers are in control in the short-term and Im expecting a test of 15.5-14, where Id expect responsive buyers on first test. expecting responsive buyers to be active on first test of 37-35. above 40, the bigger pic is looking a lot more bullish and 1207.75 could be tested and then broken above eventually. below 1114, 96-94 is expected with buyers expected to be active on first test.

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  #66 (permalink)
 bojangle 
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trading scared and taking everything that comes with that. fucking pathetic.

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  #67 (permalink)
 bojangle 
NYC, NY
 
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big losing day.

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  #68 (permalink)
 bojangle 
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nothing wrong with the method.

things that were wrong with me today: a couple trades were revenge/anger trades, missed about 3 or four trades, took myself out of a couple of trades for no reason only to have them go in my favor for at-least 1 scale, 2 trades were not logical.

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  #69 (permalink)
 Big Mike 
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bojangle View Post
nothing wrong with the method.

things that were wrong with me today: a couple trades were revenge/anger trades, missed about 3 or four trades, took myself out of a couple of trades for no reason only to have them go in my favor for at-least 1 scale, 2 trades were not logical.

Sorry you had a bad day.

If I might suggest, be sure you are documenting the "took myself out of a couple of trades for no reason" type stuff. You need to write it down so you can see a pattern which is almost certainly not clear to you otherwise.

Good job posting on a bad day. Just make sure you are learning from it What steps will you take tomorrow regarding the "things that were wrong with me today" ?

Mike

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  #70 (permalink)
 bojangle 
NYC, NY
 
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No more being afraid to trade.... no matter what - NO MATTER WHAT. focus and stay objective - don't see what i want to see but what is happening.

max loss per day is set at $400 now. i need this in place to stop myself from trading on days when it just isn't working - me or the market.

i'll post my PNL no matter what happens. i'm all about transparency. i'm building this method and documenting it here because i'd like newbs to have a free, PROVEN foundation with which to start.

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  #71 (permalink)
 bojangle 
NYC, NY
 
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pre-plan:

buyers were active at fridays low which is making PA more bullish
33.5 is a key line in the sand
- if buyers can break and hold above this level, expecting 61s

news:

icsc-goldman store sales at 7.45
redbook at 8.55
new home sales at 10.00 imp - high
richmond fed manufacturing index at 10.00 low

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  #72 (permalink)
 bojangle 
NYC, NY
 
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plan:

buyers were found at yday’s low, displaying bullishness. buyers broke above the line in the sand at 33.5 and ON made a lower high, failing to test yday’s high. because of the failure to test yday’s high, there is pressure on the 33.5-31.75 support zone. below 31.75, expecting yday’s low at 18.75ish, where I’d expect responsive buyers on first test. below yday’s low, I’d expect 15.5-14, where i’d also expect responsive buyers on first test. above 31.75, yday’s high is the target, where I’d expect responsive sellers on first test, then above yday’s high, I’d expect 61, where I’d expect responsive sellers on first test.


update:

33.5 is the line in the sand on the short-term, where I’d expect responsive sellers to be active. above this level, I’m expecting yday’s high, where I’d expect responsive sellers to be active at on first test. below 33.5, target is yday’s low and then 15.5-14, both of which where I’d expect responsive buyers on first test.

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  #73 (permalink)
 bojangle 
NYC, NY
 
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don't know how anyone can really trade this market. was in a good trade with 1 scale for 2 pts and letting the other run till yday's low..... went down like 5 pts or so in a few mins then up like 8 pts in 20 seconds. stopped at BE on second contract.

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  #74 (permalink)
 bojangle 
NYC, NY
 
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ended the day with that one trade detailed above. volatile.

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  #75 (permalink)
 bojangle 
NYC, NY
 
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pre-plan:

bears really wouldnt want to see buyers able to hold price above 61
above 61, the target is 06s+, then 57s. above 57s, huge pic is bullish
below 61, potential for pullback to 38s
below 38s, picture turns bearish and there is potential for 18s to break eventually
news:

mba purchase applications at 7.00 - high
durable goods orders at 8.30 imp medium
fhfa house price index at 10.00 low
eia petroleum status report at 10.30 imp medium

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  #76 (permalink)
 bojangle 
NYC, NY
 
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1000 views!!!!


plan:

expecting responsive sellers to be active at 61 today, but ON brings that into question as there was a pull to the 42s ON. if buyers can’t hold price above 50.5 (expecting responsive buyers here on first test), the expectation is is that sellers will take price to the 38.25-40 support zone, where I’d expect responsive buyers to be active. above 61, expecting responsive sellers to be active at 77.5-76.5, then 83.25-84.25, then 91.5-92.5. below 38, sellers are in control and expecting 18s eventually.

if buyers fail to test yday's high, 39s-38s are expected.

attached is a 100k chart with the balance areas and the composite which i use to help define targets/where i'd expect responsive buyers/sellers to be active.

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  #77 (permalink)
 bojangle 
NYC, NY
 
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pre-plan:

below 63, downside target is 51.5-50.5
below 50.5, eventual downside target is 1118.5 and lower
expecting responsive buyers at 66.75-68.5, 63, 54, 51.5-50.5
expecting responsive sellers at 83-84.5, 91.5-92.5
major upside target is 1206.75


news:

jackson hole symposium all day medium
jobless claims at 8.30 imp - high
bloomberg consumer comfort index at 9.45
eia natural gas report at 10.30 low
kansas city fed manufacturing index at 11.00
fed balance sheet at 4.30
money supply at 4.30

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  #78 (permalink)
 bojangle 
NYC, NY
 
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1 trade that didn't work out. the other trade occurred because i accidentally clicked the "buy" button on my ninja (i have it off non-confirm). this volatility makes it hard as hell to find an entry and hard as hell to manage the trade once i've found an entry.

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  #79 (permalink)
 bojangle 
NYC, NY
 
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plan:

failing ON at the 77s. expecting responsive buyers on first test of 67-68.5. below 67, downside target is 51.5-50 where Id expect responsive buyers to be active. also expecting responsive buyers on first test of 54.


update:

expecting responsive buyers at 76.25-77.5. expecting responsive sellers to be active on first test of 92.75-91.25. below 66.

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  #80 (permalink)
 bojangle 
NYC, NY
 
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i'm working on trading a plan for a trade - as in no more trades in the middle of nowhere, but only at important zones according to the higher time-frames because i'd rather have larger players trading with me and not be caught in the swings in-between imp zones. this will considerably reduce my trades per day and most likely increase the size of my average winning day. the one winner i had today was traded like this. also, i have to properly set a stop-loss level instead of trying to always predict when the perfect entry is... it's a lot less possible to pin-point the perfect entry in this market ATM.

i think these tweaks to my game will be for the better and will increase the clarity i have during the day and ultimately my confidence in taking the trades.

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  #81 (permalink)
 bojangle 
NYC, NY
 
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pre-plan:

above 68 picture turns bullish and Im expecting a test of 92s eventually
expecting responsive buyers to be active at ydays lows at 53 and at 51.5-50.5
below 50.5, downside target is 1118s and lower

news:

gdp at 8.30 imp high
corporate profits at 8.30
consumer sentiment at 9.55 imp medium
ben bernanke speaks at 10.00 0 high

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 bojangle 
NYC, NY
 
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plan:

below 50.5, expecting sellers to take price down to test the 38-40 support zone where Id expect responsive buyers to be active on first test. above 50.5, expecting responsive sellers at 62.25 (ydays vpoc) and then at 68.25, which is the line in the sand. above 68.25, 75.75-77.25 is key and Id expect sellers to be active there. expecting responsive buyers to be active at 3.25-29.5. above 68.25, Id expect rotations off of each resistance zone. below 50.5, the downside target is 1118 and lower.

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  #83 (permalink)
 bojangle 
NYC, NY
 
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shorted dyay's low for a target of 40.25ish. going for a walk as the market flips out.

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  #84 (permalink)
 bojangle 
NYC, NY
 
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pre-plan:

bullish context above 61.75


news:

personal income and outlays at 8.30 imp medium
pending home sales index at 10.00 imp - high
dallas fed mfg survey at 10.30 imp

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  #85 (permalink)
 bojangle 
NYC, NY
 
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no trades today.


pre-plan:

expecting responsive sellers at 10.5-12.75 important level
above 12.75, target is 32.5-30 where I expect responsive sellers to be active
below 91.25, sellers are in control in the short-term
68.25 is the line in the sand for a pullback from current prices
- below, target is 38
if buyers can hold price above 32.5, huge picture is looking a lot more bullish and a lot higher prices are expected


news:

icsc-goldman store sales at 7.45
redbook at 8.55
s&p case-shiller HPI at 9.00 imp medium
consumer confidence at 10.00 imp - high
state street investor confidence index at 10.00
narayana kocherlakota speaks at 12.15 medium
fomc minutes at 2.00 imp - high

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  #86 (permalink)
 bojangle 
NYC, NY
 
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plan:

expecting responsive buyers on first test of 91.5-93. below 91.5, the short-term is bearish with the downside target at 68.25, where Id expect responsive buyers to be active. above 91.5, picture is bullish with buyers in control and upside target is at 32.5-30.5 where Id expect responsive sellers to be active. below 03, the very short-term is bearish and Id expect responsive sellers at 02.25-03.25 on first test.

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  #87 (permalink)
 bojangle 
NYC, NY
 
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So, i've moved on and been shown a new method using auction market theory with MP. The prior method i used worked and the more i review, the more i realize they are practically the same, but i am able to filter out a lot of noise and i can better determine which side i want to be trading on.

The prior method was really great for trading trends, but this new way of looking at it allows me to trade both trending and balancing days. This new method is based on market value.

With this new method, i'm a lot less lost.

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  #88 (permalink)
 bojangle 
NYC, NY
 
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Here's a chart:

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  #89 (permalink)
 bojangle 
NYC, NY
 
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bounced off of the low of the 4 day balance area we were in. it was a high-confidence day up from that point on. acceptance was following price upwards. shorts were very low probability today.

looking at today's structure: the market wasn't really able to rest.... it was forced, forced, forced, forced, forced. is that really reliable structure? is that really how the larger-term traders accumulate positions? digestion is a possibility for tomorrow as likely buyers aren't going to be too confident in this "base." it's a data-point that i will keep in mind for tomorrow.

attempted direction today was up on higher volume. we're right at the top of this large bracket and longs are risky below the 31s, at these higher prices. if the market gets below the obvious profile split between the upper two distributions (13s or so) and finds acceptance, then i'd expect the market to rotate around, feeling out these forced prices.

also, if the market opens below the 13s, then that could be a sign of excess, and end of the auction, coming off of the bracket high area.

in addition, taking a look at this swing from the 69s low, this market may be getting too long. every time we have approached the bracket high up here, the market sold-off twice. now today we breached this area again... will there be another sell-off and is this market too long? something to keep in mind and the 13s is the line in the sand for me. also, the structure that brought us up here (below this 5 day balance area) is quite poor and forced looking.

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  #90 (permalink)
 bojangle 
NYC, NY
 
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Plan:

it was a wide-ranged day yesterday and the market could just rotate within yday’s range, digesting the move. if the market is rotational i will look to fade support and resistance. if the market is confident, i will look to buy the pullbacks/sell the rallies. the line in the sand is at the 13s. if the market breaks below the 13sa and finds acceptance and confidently pushes lower, then i won’t fade the move and the target would be the 85s (quite a ways down)***. longs are more risky than shorts up here at the bracket extreme + the 5 day balance area high. i won’t be fading momentum off of the 31s. above the 31s, my focus will be on longs and i will not fade the breakout.

***an idea:

if the market gets below 13, it could be considered a failed breakout of the 4 day balance area. this could lead to a test of the other side of the range at the 85s. this also could confirm the idea that the market is getting to long...and needs to correct before it can rally. yday's low was also an unsecure low and i wouldn't expect it to hold on a re-test, but there is still other support in that area.

news:

mba purchase applications at 7.00
consumer price index at 8.30 – imp – high
housing starts at 8.30 – imp – high – medium
eric rosengren speaks at 8.30
dennis lockhart speaks at 9.00
eia petroleum status report at 10.30 – imp – medium
beige book at 2.00 – imp – medium
dennis lockhart speaks at 4.30

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  #91 (permalink)
 bojangle 
NYC, NY
 
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balanced session, poor high and poor low. value/acceptance placed about the same as yday. trading extremes, though i am expecting one side to break eventually. will look for shorts around ON high, yday's high, then at 31s. will look for longs at 13s. in-between is chop zone to me.... no edge.

missed the long at the 15s, took the short at the 24s (got 2 scales, both 2 pts-ish cause i thought selling was done...was wrong).

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  #92 (permalink)
 bojangle 
NYC, NY
 
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no trade there... sellers just slammed the auction right through the 13s, my line in the sand. now i am waiting for a long at 03s (possibly - depends on confidence), and a potential short at 15s (failure to break into value).

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  #93 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

news:

jobless claims at 8.30 imp high
bloomberg consumer comfort index at 9.45
exisitng home sales at 10.00 imp high
philadelphia fed survey at 10.00 imp - high
leading indicators at 10.00
james bullard speaks 10.15
eia natural gas report at 10.30 low
dennis lockhart speaks at 12.00
sandra pianalto speaks at 12.50
fed balance sheet at 4.30
money supply at 4.30
daniel tarullo speaks at 6.00 low
narayana kocherlakota speaks at 8.00 medium

plan:

in the short-term timeframe, the auction could be done to the upside. since the auction failed to breakout of the 4 day balance area, and yday couldnt test tuesdays high nor really challenge its selling tail, and the action above 1215 looks relatively complete, and since we were at the high of the larger bracket, i think longs have more risk than shorts (kept in mind, but longs may still be good trades today). my target to the downside is 85.5 where i expect responsive buyers to be active. the line in the sand is 1215, where i am expecting responsive sellers to be active. if we open in range, which is likely, i will be fading s/r. yesterday was also an inside day, so i will not be fading a break above/below the high/low.

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  #94 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

here's a big picture analysis too:

we're in an uptrend and a historical range was rejected, maybe ending the swing, creating a HL and now maybe we'll auction higher. also, in the daily, there is no excess yet above us so the auction upwards may not be done yet... i think the 1097 area is the line in the sand for a pullback if we break below the 85.5 balance area low (have to remember that the very-short-term has excess-ish at the top).

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  #95 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

news:

narayana kocherlakota speaks at 1.00 – medium
richard fisher speaks at 1.20 – medium
janet yellen speaks at 3.00 – medium

plan:

likely to open above range, out of balance as well as above the line in the sand at the 1215s. this will also be a gap-up which makes yday look like excess. i said before that the auction doesn’t look done on the daily timeframe to the upside, so this gap-up could lead to a large move today. a failure to break into yday’s range will have my bias bullish and wednesday’s high was a poor high so i am expecting the 31s to be tested today if initiative buyers are active… i will not be looking to fade the gap-up if it continues higher with confidence. below the 1215s, back into yday’s range, i’ll be looking to fade s/r and my bias will mainly be bearish with a downside target of the 85s.

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  #96 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

focusing on longs worked... but there were barely any opportunities to actually get long.... maybe a couple, but one didn't work for much... using the reference levels i had.

it was a strange day and the market shot up as expected, but then buying shut-off and the sellers took over to make a new LOD. the selling then shut-off and buyers then took price back up to the HOD... lol

clarity in trading has always been a HUGE, HUGE issue for me and i don't think i'm alone. my problem usually is is that i get lost in the short-term. i think the best way to filter out all of the friggin' noise in the market is by constructing a plan as a guideline for the day, watching a larger interval of price intraday, and then using a smaller interval chart for entry. a problem i encounter is how painful it is to be "missing out." well, these trades within the interval i watch to keep my mind clear aren't exactly the highest probability trades... they're just plentiful.


i've attached a 30 min chart with the opportunities that presented themselves in the 30 min interval today. only a couple...

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  #97 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

breaking out of the balance area as well as the large bracket. on friday value was placed higher. the attempted direction was nowhere and the volume was significantly less. the auction put in a poor high and low, with some forcing action later in the day at the 27s and 24s. my bias is bullish above the 26s. below the 26s i'd expect the gap at the 15s to be filled and maybe a test of the 08s (balance area vpoc). since the breakout on friday was on low volume, i'd want to see buyers active at the 15s and 08s or else the targets become the 90s (bracket vpoc) and the 85s (balance area low). above the 26s, i will not be fading confident moves upwards and i'm expecting the 52s eventually which is where i'd expect responsive sellers on first test.

note on the volume profile:
all of those lvns and hvns marking all those minor ranges are so friggin' meaningless... they represent so little volume and are really only important if larger price intervals reacted there. these small ranges in the profiles aren't being watched by the larger traders...

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  #98 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

news:

chicago fed national activity index at 8.30
fomc member dudley speaks at 8.45 – low
richard fisher speaks at 9.00
fomc member dudley speaks at 1.00 – low

plan:

if the market gaps up, i’ll be judging the confidence to determine if we’ll continue up or fill the gap at 35.75 and test friday’s settle at 35. if sellers are still active at friday's high, ON inventory may be corrected and the 26s tested. my bias is bullish above friday’s pullback-low+value area low+ON low. i’ll be looking for a long at this area. if acceptance can be found above friday’s high, i’d expect the 52s to be tested where i’ll be looking for responsive sellers to be active on first test. below the 26s, i’m expecting the 15s gap to be filled and i may be a responsive buyer here… but friday’s breakout was on a lower relative volume and i’d want to see signs of sellers becoming exhausted and buyers becoming more active for the long. if sellers are still active at these lower prices, i’d consider the BO a failed breakout and the 90s, then the 85s becomes the target.

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  #99 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

for first 30 min, lower relative volume on attempted direction. if sellers really push it down, won't be fading to the long side... will be expecting the 28s, then the 26s.

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  #100 (permalink)
 bojangle 
NYC, NY
 
Trading: ES
 
Posts: 161 since Feb 2010
Thanks: 30 given, 42 received

though acceptance is so far higher.

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