Monday, August 31, 2009

I'll have another

. Monday, August 31, 2009
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The wheat chart (below) was pretty cute, but the Euro wasn't too shabby...

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While others are playing---

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It was clearly a terrible day to trade ( in THE ES!!)...Just a reminder to my friends out there that are many ways to skin that cat...

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Sunday, August 30, 2009

Bahh

. Sunday, August 30, 2009
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It was a lost few days...software problems, hardware problems...overslept one day also, all of which was annoying, but at least I was smart enough to SIM trade only.

It wasn't all bad though, as I saw a couple of improvements (filters?) that look to be helpful. It will cut down on the number of entries, but at the same time I think it will reduce on the "judgement calls"...This adjustment is suited for a NEW entry, (usually in a new direction)...trade entries AFTER this initial signal are still subject to my older ideas)

I may move to slightly quicker 2584 vol chart...I have tried to use two charts (one for a longer term filter) but so far this causes more trouble than it's worth)

Possible New Rule
(an example of a buy signal)
Price is UNDER all three
---allas av
---vwap
---cycle MA (another possible filter-HAS to be green to trade long)

buy on a stop-one tick above AA
a 6 or 7 tick stop looks ok for now---more fine tuning to come

edit: When all these levels meet, this point of equilibrium may last awhile and be in chop---it will break out!!

edit: Must ignore my RSI on these entries---always going to be OB/OS---only use for re-entry sigs

edit: IF both the VWAP and the CMA are crossing each other AT THE PRICE, and pointed up it could be a good entry

It looks like even on Friday (which was horribly choppy and thin), taking every signal would have produced a small gain...more testing as always...

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Tuesday, August 25, 2009

just a day

. Tuesday, August 25, 2009
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I had some computer issues today, so no trades...I think it would have been an OK day-nothing earth shaking...I didn't seem to be too bothered with the problems...I was a little tired though as I have been spending too many hours in front of the screen lately. Anyway, I'm all fixed up after I had to remember the various stop strategies with Ninja...

It did feel good to just relax for a day...And now I'm gonna push away from the desk and call it a day...14 hours is plenty I guess...

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Part 2

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Interesting...I didn't see it till later, but a very similar break out as earlier this AM and not one tick of drawdown on either one...

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nice, but too early

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close...it was around 4 AM...

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Monday, August 24, 2009

ZN looking good in the early AM

. Monday, August 24, 2009
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more testing

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I sent this off to a buddy a little while ago for more testing---I dont think I have time to mess with it, but it looks interesting...

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Sunday, August 23, 2009

just a post

. Sunday, August 23, 2009
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I probably should have taken the day off, but I'm not sure what to do if I don't golf...

The Kwik pop idea was ok...But basically it's just a visual for buying higher highs and selling lower lows...It's not all bad since that very idea led me to my current trading idea...A long weekend with not much to show for it, but I did learn a little...

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morning ritual

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I'm not terrible, just a little scattered in the mornings; so I see the need to write myself a little list/routine which I will have on this here journal...I will add to this a little at a time, but it shouldn't be a big challenge...All I know is nothing happens too fast around here at 4 30 AM!!

Visual of my morning

---turn on machines
---If I didn't make coffee first, I would perish!
---feed the pup,cats
---sounds funny, but wipe down the desk area...dusty as hell in here
---check trades from previous day
---order entry (dome ready)
---scan overnight markets
---ck E-mails
---by now 2 cups are in me--treadmill time...about 5 mins of as fast as I can go-sure as hell gets the blood moving ( I try this every 90 mins or so)
---make sure charts are set up and accurate
---wave count? pivots
---read trading notes from previous evening
---ck 10 yr Notes
---morning reading (blog list)
---by now its about 6 or 6 15
---open the room
---ck for TVGR at 6 30 dammit!
---and off we go

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Saturday, August 22, 2009

Hmmm

. Saturday, August 22, 2009
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Do my eyes deceive me? Or do I see a pattern with a Kwik Pop indicator that looks really juicy the last couple of days...I'll explore more tomorrow...I have been here all day...tired...

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I have to laugh

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I have made a few references as to my regard for Dr. Bretts book---

The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist

After a very quick read, then a slower one, I am now on the chapter by chapter thing and REALLY giving some deep thought to it all...I learn more every read...

The funny part...I was on Amazon and came upon the book again...I dunno, maybe they wanted a review or something...Anyway, my latest favorite book had a ONE STAR review...I was intrigued...So I read this guys comments...the crux of what he wrote is---

But upon reading it, I realized it's about training yourself to be a coach for yourself??

Fer chrissakes, look at the title!!
LOL...Im glad this fukker isn't in our trading room
!!

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Pre-Open Ideas

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I was trying to come up with something that looked feasible to trade before the $SPX opened, so needless to say I started looking at the 10yr Notes. All I have done so far is take the cycle high and low from about 3:30 AM to 5:00 AM, draw horizontal lines and look to trade the break-out.

It looks like most mornings get tied up in a very narrow channel, and "appear" to be waiting for something to happen. This is actually a strange idea for me because of the number of reports coming out between 5:30 and 7:00, but (so far) seems worth looking into. I have never felt comfortable trading right in front of, or during the morning reports, but there may be something to this. Just because I was bothered by the report idea doesn't mean there isn't something there!

The following 2 posts show the last 2 weeks of 2 minute ZN charts during the most likely trading times. Clearly a work in progress at this point.

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Week beginning Aug 17

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Week beginning Aug 10

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these are NOT in order---

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Friday, August 21, 2009

trading

. Friday, August 21, 2009
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I haven't written much about real time actual trades...my "money method" appears to be doing well...for sure the markets are choppier than usual (August blues!) but doing pretty well...

I have made money...

Still having the same problem in pulling the trigger...trying not to beat myself up over it...visualizing dispassionately taking each trade

I am better than I used to be...

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annoyed at myself

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I have done this before and it's annoying as hell...today was a TVGR open and I DID NOT see it till much later in the day...

I keep forgetting to check for it on the open...it didn't cost me any money, but it's still inexcusable...damn!!

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Thursday, August 20, 2009

edgy

. Thursday, August 20, 2009
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really edgy today...
have no idea why...
slept well ate well...
for a calm guy, pretty nervous...

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Wednesday, August 19, 2009

surreal

. Wednesday, August 19, 2009
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It has always been a contradiction...always...

I am very private. to the point of selfishness...I always had this tendency but seems more prevalent now...I don't see it as a problem, just the way it is.
So why is it that I kinda like teaching? Ego has to be part of it, but I do admit there is some satisfaction there...

In one of the chapters, Steenbarger writes about helping others, being a mentor, blah blah...Not my everyday cup of tea, but in for a penny, in for a pound...

Anyway, I guess I am a mentor now...I offered to help someone from the room...We have exchanged a few E mails...She seems pretty sharp so we will see...

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Monday, August 17, 2009

late night idea

. Monday, August 17, 2009
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note to self---getting late---dont forget the RSI in conjunction with the channels...looks golden for good fills

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Sunday, August 2, 2009

I guess it's time

. Sunday, August 2, 2009
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It's always the same...A new idea, dreams of success, the fear of failure, all that shit...

Nervous as hell, but it's time to get the feet wet and go live, even if it's half size stuff...

the fear isn't logical, but its still there...all the books in the world don't change that!!

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