tampa's "short skirt" trades...

At this point, I'd try anything - even "Moon over Miami" (Kate Smith)

 

Pants on, pants off - skirts up, down, long or short - who cares what it's called? Let's do it!

Tailors helping tailors, that's my motto!
(or was that traders helping traders? Whatever...)

 

If Chris Terry is reading this then would he or someone else who can speak to LBR suggest to her that the next new setup she trades should be christened " shortpants "

 

Days like yesterday leave me AND my charts a jumbled mess – out of sync, distorted, and discombobulated. (there’s a good word) On the plus side, more often than not of late, I see them coming, and step aside. To get caught in such slop can do all but irreparable damage to one’s account, one’s confidence, and a whole host of other things.

It’s far better to take the time and fiddle around with your chart settings, or even to consult with soothsayers (grin)

Will the market be more orderly today? Beats me, but God I hope so. It is now Wednesday, and I have yet to make a trade this week.

(For those who come to this journal looking for something of real value, but leave empty-handed, here is something you may be able to use. My charting package displays Globex highs and lows – the full 24 hour trading session. To get a view of the daily chart as you have to deal with it, try displaying a 405 minute chart – then you can see the gaps as they really appear to those of us who don’t sit up all night watching the markets.)

 

I could be off to a better start.

Dazed, confused, and unsure are but a few words to describe my feelings this morning.

Around 9:45 I see an almost sure thing “fade setup at about 872ish (an HIMP trade?) – but ... It took off south big time – without me.

There seems to be a possible “grail” buy setting up on the 15 – but I am not familiar enough with them to know for sure.

10:05 Sld @872 Why? I can’t say for sure, it was just a feeling I had. (HIMP?)

It’s only a one lot – I sit here watching like it was 25 cars.

About five-minutes later it pays off – plus 2 points.

Do I feel good about it? No. It doesn’t “qualify” as a skirt, or much of anything else. It was just a feeling.

I remain dazed, confused, and (here it comes again) discombobulated.

It’s 10:20 now – is that a possible “grail” buy setting up on the 30? (i.e. potential support) The TRIN is dreadful at 1.70ish. I don’t know enough about it – again. (I refer you back to the paragraph above.)

Now that’s a skirt at 10:26 on the one-minute chart – I’m sure of it, I think. But not sure enough, I guess.

It was a skirt – not a big one, but playable. I knew it, but...

I’m just not in “tune” with any of this stuff this morning. I don’t know why. I can’t explain it. Nothing feels right. I’m up on the day – a little – but ...

It’s 10:35 now. Volume is light. The drift, price wise, is down. None of that comes as a shock, but I don’t know what to do. Maybe I shouldn’t do anything. Maybe I’ll feel different in the afternoon.

Damn-it, was that another skirt at 10:39? Oh crap. It was. I got to walk away from this. I’m torturing myself – and that ain’t good.

1 RT / +2 Points

 

Our HIMP trader hailing from Tampa,
Is one friggin' happy camper,
He shorted a car,
Adding 2 points to the jar,
Now his pants are considerably damper.

 

CHA - RIST SCHMAMPA!

what the hell is goin' on?!?

pull the goddam trigger wills ya???!?!?

what on earth could you possibly be waiting for? a hand written invitation from LBR herself (hi Linda if you're reading this)???

screw the short skirts (literally if you like)!! actually, screw trying to categorise all these opportunities you're spotting into one thing or another... just trade 'em. the setups you're picking out are as old as the sun and are an inherent fact of trading.... you don't need some puffed up "market wizard" to give 'em a name and a couple of cute differentiations b4 u can trade 'em...

put on your nikes and JUST DO IT

i was gonna go over your trade list and give some specific commentary...but what's the point ... it'll just be in one ear and out the other...

i'm starting to realise that maybe the secondary benefit you are getting from all the sympathy and handholding your "trials" are earning you is keeping you from what you REALLY want - making dollars (that IS what u want ain't it??)

now, as much as i have a "morbid fascination" with your "escapades" (quoting myself), it pains me to see someone suffering so ignominiously at naught but their own hand...

ps - today i was playing Marc Anthony's Celos y Envidia, but you're in tampa not miami, so maybe it's not so much your thing.
pps - hopefully this market can remain range bound at least for the next hour or so, cos i'm kinda exhausted.

 

...well, a note would be nice.

Go wash your mouth out - right now!

I know that - honest I do...

hmmm...

(that could be the problem - I still have my fuzzy slippers on)

'cause it would be fun?

There's a little pain on this end as well.

I'll try to make you proud of me this afternoon - even though you said bad things about Linda's short skirts - you naughty boy!

 

Heading into the afternoon...

So, what do I know? What do I see?

There has been one hell of an impulse move over the past few days – that’s a fact. The trend is up ( for my purposes ) – that’s a fact. But momentum is waning – big time. The TRIN is bearish, and volume is down from recent sessions. A “correction” from the strong up move is reasonable, and to be expected. So my overall, near-term bias is bearish.

How it played out...

First of all, I took a nap – I was tired.

Then I saw daniel m’s post. He’s a good guy – I like him. He has put some time and effort into posting in this journal. So I put some time and effort into answering it. To be honest, this “journal” is intended to help me, but it’s also intended to entertain and amuse you. Have I been open and frank along the way? Yes. But I have also stretched a point or two in order to spice it up. This morning I told you the gospel truth – I felt out of step with the market, with the world – I don’t know why, I just did.

I am very flattered when you guys read this stuff. I am even more flattered when you take the time to respond. As a trader, as a human being, I have more problems and hang-ups than you can shake a stick at. Help is always welcome – even if it hurts, and sometimes it does.

Your advice, your tips, and good council are all taken into consideration – sometimes even applied. But I’ll be damned if I am going to take trades that I am uncomfortable with just to please the audience.

With that said, let’s see what the rest of the afternoon brings.

(not much I fear, as prices are currently bouncing off of sixty-minute support – it’s around 2:00PM as I am writing this)

2:44 Sld @ 859

I don’t know if it was the Heat in my Pants, or a breeze up my Skirt, but I took the trade anyway. At one point it was 4 ticks in my favor, but when it came back to the entry, I bailed. So it was a scratch. Had I not intervened, it would have been a one point loss.

As we approach three o’clock, the sixty-minute support still holds. I suspect that it will continue to do so, and the good for nuttin’ $#&@! Europeans will have all the fun over night – dirty rackafratzz. (pardon my language)

As we all know, I will still from time to time blowup, but for the most part, I am usually rather conservative in my trading.(OK, sometimes too conservative – bordering on trading like a scared rabbit), but as a rule, if I am going to walk away at the end of the day with 2 points, I would rather do it with one trade than 5, or 10, or(God forbid)20!

It’s 3:15 now – I think that I’ll call it a day.

For the afternoon: 1 RT / Scratch
For the day: 2RT / 1 Winner – 1 Scratch
+2 Points

 

...me thinks that you are a poet
...but didn't really know it
,,,I nedded the good cheer
...but would preferr a cold beer...