IncreaseNow's "Sell/Short" Futures Journal

increasenow · Mar 11, 2010

Quote from spd:

Well that was only half my question. I also asked you to try and figure out why I took profits where I did.

Ok, the fact that the big red bar took out some lows did play a role, but there is more to it that big red bars, I had a sell stop in place before the bar was a "big red bar", it was just a red bar starting to creep lower at that point. A single bar is not a sell/buy signal. A bar and its relationship to the previous bars is what triggers a trade. If all you are doing is looking for big bars you will forever be chasing the market. Chasing leads to buying tops and selling bottoms.

What did the price action reveal about the supply/demand dynamic? Compare the bars at point 1 area and point 2 area. What buyers were around were immediately met with sellers. The little red bar that caught my attention was a pathetic excuse at an attempt for a higher high. Buyers were not interested in paying up at that point, supply overwhelmed demand. That was a sell signal, the trigger was when the previous low was taken out.

Check out the chart of an explanation of my profit targets.

You have to THINK about this shit. Its not a 1-2-3-Neat Looking Bar-Ready-Go formula. Certain mechanical criteria need to be met, but that criteria has to be related to the bigger picture. Automated traders amaze me. How they manage to code that type of logic into a computer program boggles my mind, seriously smart people.
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wow...thanks very much spd...really appreciate your time...I hope other read this as well..you sure your name is not 'John Carter'...of "Trading the Markets"..big thick book

increasenow · Mar 11, 2010

Quote from Fireplace:

you need to focus in one ONE market
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exactly!

Fireplace · Mar 11, 2010

Let's not kid ourselves, you and I both know it's 'in one ear and out the other'

Quote from increasenow:

exactly!
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increasenow · Mar 11, 2010

hey guys...ineresting question for you...for me, the 3 lowest daytrade margins I would even consider daytrading (would not include lame mini-corn, mini-euro, 2yr, 5yr, eurodollar etc etc) that I could daytrade are:

mini-Gold
CME Globex Swiss Franc
10yr

...which would you suggest I 'focus on and master'????

I aint gonna demo trade so if gonna trade with real cash...what would you suggest?...votes?

NoDoji · Mar 11, 2010

Quote from increasenow:

...which would you suggest I 'focus on and master'????

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You've been watching a lot of markets for a long time. Choose one or two that move in a way that allows you to feel confident while trading. Or if there's a market and you like the moves, but you're not comfortable with it, then practice that in sim until it works out for you (as I'm doing with CL and will continue to do until DEMCLBOYZ break down my door and eventually force me to trade live).

Also choose a market that's compatible with your personality. For example, I could never trade soybeans or pork bellies because I'm vegetarian and it be heresy for me to short beans and buy pork.

increasenow · Mar 11, 2010

Quote from Fireplace:

Let's not kid ourselves, you and I both know it's 'in one ear and out the other'

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buddy...you need to give me some slack, relax and go with my flow...honestly trying...not giving up and going for it...just be positive!

Fireplace · Mar 11, 2010

You don't know how to listen and you don't know how to focus (or refuse to). Honesty is much more constructive, in this case, than coddling you and giving you a gold star for 'trying'

Quote from increasenow:

buddy...you need to give me some slack, relax and go with my flow...honestly trying...not giving up and going for it...just be positive!
More...

increasenow · Mar 11, 2010

Quote from NoDoji:

You've been watching a lot of markets for a long time. Choose one or two that move in a way that allows you to feel confident while trading. Or if there's a market and you like the moves, but you're not comfortable with it, then practice that in sim until it works out for you (as I'm doing with CL and will continue to do until DEMCLBOYZ break down my door and eventually force me to trade live).

Also choose a market that's compatible with your personality. For example, I could never trade soybeans or pork bellies because I'm vegetarian and it be heresy for me to short beans and buy pork.

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right on...oh for the day when people come to this journal and read "same contract traded, same contract traded, same contract traded, same contract traded, same contract traded...' day after day after day after day...

increasenow · Mar 11, 2010

Quote from Fireplace:

You don't know how to listen and you don't know how to focus (or refuse to). Honesty is much more constructive, in this case, than coddling you and giving you a gold star for 'trying'

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I know that you are reaaaalllly looking for the day when....

"oh for the day when people come to this journal and read "same contract traded, same contract traded, same contract traded, same contract traded, same contract traded...' day after day after day after day..."

...all is cool...

Fireplace · Mar 11, 2010

IOWs being an actual serious trader....YES!!! Would be quite a change from this wreck.

....yes all is cool

Quote from increasenow:

I know that you are reaaaalllly looking for the day when....

"oh for the day when people come to this journal and read "same contract traded, same contract traded, same contract traded, same contract traded, same contract traded...' day after day after day after day..."

...all is cool...
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