Important Note: Contract rollover TODAY for the ES, NQ, YM and TF
VO
VOwater
Rep: 133
Posts: 4,121
feng im going to workout then ill be back...Im no expert, by a longshot, but I will try and give you some guidance and help if your willing
FE
feng456
Rep: 994
Posts: 340
quote:
Originally posted by VOwater
thanks feng...would you be more specific...the actual trade itelf with numbers, time frame ect.
ok one of the best examples would be between 1:38 to 1:40. i see two red's followed by a green on the 1 minute chart. when i was looking for patterns last night, i realisd that that "signal" almost always resulted in an uptrend following and within a few mins and would reach the projected price using kool's method.
instead it just went down and down and down...basically i was going against the trend, which i know is retarded but i was pretty confident in my decision. times that by like 5 and u end up with -$1000 before comission. this is why im still paper trading.
PT
pt_emini
Rep: 5,707
Posts: 1,940
quote:
Originally posted by koolblue
quote:ONE LAST THING FOR TOMORROW! THE DEADLY 15 MIN PROJ IS NOW 890.50 UNLESS 867.50 IS TOUCHED AGAIN!
Originally posted by prestwickdrive
bigs sold a net 40k H contracts since 1 pm. Their selling accelerated at the 889-890 level so they will likely defend that when we get back up there
Thanks KB
I was just thinking myself a break back above 876.25 looks very bullish. Especially so if we can somehow get back above 884.50.
VO
VOwater
Rep: 133
Posts: 4,121
if your willing, get together 3 actual trades you placed today and i'll go over them with you when I get back
TU
Turk
Rep: 0
Posts: 92
VO, can you send me an email when you and feng get together. I would like to listen in. I will be away for about 15 minutes
MY
myptofvu
Rep: 2,018
Posts: 666
Feng,
Heres a snapshot showing a price projection on a 1 min chart, the 1st line is the 1.618 the 2nd is the 2.618. I'm looking for the distance moved b4 a retracement then measure that to get the projections.
I find it's important to find the beginning of the move to take your measurements from.
Also this is a pretty clear example but they're not all that easy to see, on the more difficult ones it helps me to imagine what it might look like on a 30 second or 15 second time chart to take my measurements.
With some practice I think you will easily see how to do this and that Koolblue has really come up with something good here.
Heres a snapshot showing a price projection on a 1 min chart, the 1st line is the 1.618 the 2nd is the 2.618. I'm looking for the distance moved b4 a retracement then measure that to get the projections.
I find it's important to find the beginning of the move to take your measurements from.
Also this is a pretty clear example but they're not all that easy to see, on the more difficult ones it helps me to imagine what it might look like on a 30 second or 15 second time chart to take my measurements.
With some practice I think you will easily see how to do this and that Koolblue has really come up with something good here.
Click image for original size
WS
wsjalerts13
Rep: 110
Posts: 131
Damn! Missed a great opportunity today after getting kicked out with a loss - got tied up at work. Anyways there is always a chance for another one.
FE
feng456
Rep: 994
Posts: 340
i think one of my main problems is just a lack of understanding of a lot of the technical stuff.
for example when u guys say all these terms i have no idea wat ur talking about. and of course i dont have an understanding of a lot of the indicators u use.
ive been paper trading for almost a month now and the way ive been going about things is looking for patterns myself instead of trying other peoples ways because although i would like to do things other ppl have done, the lack of understanding on my part makes that pretty impossible atm.
when u ask me to show u my trade setups, i dont have image capture or anythign like that so theres really no way i can do it. all i can tell u is ive been trying to do the same things over and over again today and that is look for two candles down then one candle up, which i then predict to be a trend upwards. i take the pivoting candle and use it to calculate a projected price, then usually scalp to it in a conservative fashion. i only got screwed when the trend didnt go the way i thought it would and i ended up holding on because of my overconfidence on my predictions. near the end of the day, i just kinda lost it emotionally and was partially in a f*ck it attitude.
for example when u guys say all these terms i have no idea wat ur talking about. and of course i dont have an understanding of a lot of the indicators u use.
ive been paper trading for almost a month now and the way ive been going about things is looking for patterns myself instead of trying other peoples ways because although i would like to do things other ppl have done, the lack of understanding on my part makes that pretty impossible atm.
when u ask me to show u my trade setups, i dont have image capture or anythign like that so theres really no way i can do it. all i can tell u is ive been trying to do the same things over and over again today and that is look for two candles down then one candle up, which i then predict to be a trend upwards. i take the pivoting candle and use it to calculate a projected price, then usually scalp to it in a conservative fashion. i only got screwed when the trend didnt go the way i thought it would and i ended up holding on because of my overconfidence on my predictions. near the end of the day, i just kinda lost it emotionally and was partially in a f*ck it attitude.
WS
wsjalerts13
Rep: 110
Posts: 131
Kool, VO, Pt, Mypt and others -
How do we project when the trend will change direction ? Do we take the latest swing high and low and plot the numbers against them or/and look at will%r, bb, stoch for overbought/oversold ??
Thanks.
How do we project when the trend will change direction ? Do we take the latest swing high and low and plot the numbers against them or/and look at will%r, bb, stoch for overbought/oversold ??
Thanks.
MY
myptofvu
Rep: 2,018
Posts: 666
quote:
Originally posted by feng456
quote:
Originally posted by myptofvu
Feng do you have Skype? it would be easier to talk to you...
i had skype then i uninstalled cuz it had lousy connections. but i think my account may be still active. whats ur username or whatever?
skype Id is rthtrader