Trader X

2 things.... first I have family in town and the temps are actually below 20000 degrees so we are heading out for outdoor adverntures! Won't be around much. Secondly.... spend some quality time before the family showed up looking at charts and I think I noticed something. Granted I have a very thick skull but finally being hit with a 2x4 and a 60 min chart may have driven a point or two home. I to the daily, 240 and 60 min charts and drew all my lines... were there was high volume, where there was a trap break, and where there significant peaks and valleys. Then I zoomed into my 60 min chart and sat there and looked at amazement at the way the price really did respect those levels time and time again. I'm thinking that if I look at the 15 or 5 when the market gets to those levels it should be pretty clear using our vsa skills to get an idea when the market is likely to turn and then trade those bigger swings. Rocket science right? So here is the funny part. I've known this all along... nothing new here... we've been talking about this for almost a year. What's changed? Hmmmm.... well maybe a few things. 1. I'm better at identifying the proper levels. (were haven't even included the daily levels like pivots and vah val etc. those levels only get more significant when we have points of confluences as we know) 2. I'm sure I have more confidence on those numbers not only when I am better at ID'ing them but also because I'm doing the work and therefore own those numbers because I didn't just copy them down from your spreadsheet. Ownership builds confidence as we know. You have great trading setups but they are your trading setups until I test them and build confidence and then use them... then they are mine. The FT60 is now mine. And yes... I will let you borrow it! LOL 3. Getting more confidence with my numbers ladder, and VSA skills helps me have more confidence in my trades. What this does is allow me to put my stops in the proper place rather than being too tight.... and allows me to set my tgts accordingly... which means much larger tgts and much more patients to let the market get there. My current work involves just that... putting in the trades and letting the market either prove me wrong or right... and me not taking off too soon for either a loss or profit. That's my progress! Trader X

Not sure if I've hit bottom or not but crashing without doubt. I might be melodramatic here but not getting good results.... why... because I'm not doing the work that needs to be done.... I'm not doing prep work which includes: numbers ladder trade structure or rules mental rehearsal following rules (hard to do when you don't have them) and evaluation after the fact. Been a break even trader for about a year now... time to push to the other side... and fast. My ladders have been incomplete at best. Structure very poor, no rehearsal... no waiting.. jumping at anything that moves this last week....... rules? What rules..... Can't even look at the aftermath.... so either I have to get up earlier to do the work before market or better yet... do it the night before... we are talking about 20 minutes or less of actual work! For Pete's sake you would think I could at least do that don't you! I'm friggen lazy ass! OK... time to quite fucking around and either do it or find a day job. Seriously!

I know I have posted more recently than 2011 but now I remember that I deleted a bunch of post dealing with a some VSA concepts..... Volume spead analysis.... the old Wyckoff methods revised to modern times if you will.... I have learned much but still have the biggest weakness of all..... my head I haven't even been able to put together my numbers ladders of late, forget about trying to trade with any intelligence! Not even close. I'm almost out of money and need to get my act together soon or everything will collapse. Will be working on mental stuff all this week. Trader X