Trader X

r2 03

prev hi 9750
r1 95 yes hi 9550

pp 87

vah 86 prevlo 86




poc 84




val 8250

yeslo 80
s1 79

ghi 76

s2 72

glo 71

TGIF!  Been a long week but one where I've learned what I need to do to stay profitable... and it's this and forensics!

r2 04



r1 98
yhi 9750
prevhi 95

Vah 93
PP 92





poc 89





val 88


s1 86 ylo 86
prevlo8450 ws1 8450


s2 80

Euro short at 1.35456.  hit resistance, and bounced... each wave has been weaker both in time and price.  Had divergence on Osc, and weakness on bar chart on 5 min.  So strength came back in after some weakness and took me out with a minor loss.  Followed rules, just didn't work.

es opened below value and hit s2 just a few mins after 9.  Its rebounding now.

prevhi 01
99r2
95yh
92r1
91vah
8950poc
8850pp
8750prevlo
86val
8450ylo
81s1

took a short at 9425....after hitting 95 which was yesterdays hi.  All Oscillators were saying over bot.  Market bounced off this level twice and then I entered short.  Third time it took it out.  You could tell from market behavior that it was creeping upward and then retreating.. then creep again and retreat... then creep and bang.. jumped the creek.  That simple...

Things to note... seems like it's the 2nd osc high that is the real one... as was the case here.. it went up only to 9750 before finally reversing...  note times as well...  915 was time of reversal.  Time to keep track of reversal times... My entry was at 900.....  maybe too early for reversal?  Time to research.

The other thing that I did not do was to look for VSA signal before going short... I just saw resistance (only 1 point of confluence BTW, really need at least 2) waited for osc to peak...  Need one more step in my process which is weakness in the bars.  On 3 min bar my entry was into strength... at 912 the weakness appeared in the form of an upthrust... that was my clue!  I wasn't looking for it... and should have been.  On one minute chart weakness wasn't until 908... and then again every bar until 911 which was the high bar.

Even on my 5 min bar there was no weakness on my entry bar.  

Moral of the story is I was too early because I didn't wait until signs of market weakness... relied upon an indicator and one point of confluence to take a trade.. I needed more

Only by doing this will I improve.  Now I know I must wait until I see market weakness along with the other two.

Trader X

prhi 750 r2 725
yhi 01
vah 1700 r1 9975





poc 9650



PP 9375
val 9250


plo 8950

ylo 8750
s1 8625






s2 8025

Took a long around 1 pm cst at 8575...  was good for 2 points.  I've been looking at some wyckoff type volume indicators.  Something like an oscillator but but includes volume as part of the calcs.  Have several promising things like the Chaikin Oscillator, Money Flow or On Balance Volume.  Will keep you posted.

Trader X

r1 2950
yhi 23.25 ib 2375

ib 1825

vah 1625
wr2 0875
pp 1150

s19950


poc 9625

wr1 9550

val 9325 ylo 9325

being cautious today...  No trades

R2 0725 fibext 0725
recHi 03.75
R1 0275
gh 0175
aughi 98.25 close 9825 glo 98
yhi 9975
vah 9850
poc 97.50
val 95.75 PP 9525 fib 9525
S1 9075
ylo8775 sr 88
sr 82


Opened today inside VA and working lower... might try long at 95ish, and 88.  Shorts at 0375 and 98 if the market move at least 3 points away before hitting these numbers.

I added a long at 97 because the market had been 3 points away and entered at 9775.  moved up 1 point and then reversed back to take me out at 1 tick profit.

Long at 9575 as per plan... stop 9375.  Out at BE... FOMC is killing market today.  More after announcement

Here are numbers for today
YGlH 2.50
Yes hi1700.50 R1 1700.75
VAH 1697.50 sr 97
PP 94.25 WR1 95.50 Poc 95
VAL 1691 YCl 91.25
yes lo 88 Gl 88
S1 85
sr 82
S2 78.50
sr 76

Looks like 1700, 95 91 88 82

market rallied out of box and then died in 97 range....  price rejection at 9:40... market struggled up again but couldn't reach the prev hi and on lower volume.  I shorted at 95.75.  been chopping since...

moved stop to 5 ticks and it's going to take me out during lunch duldrums.  -$62.50 coming soon.

Had no trades today.....

Market rallied from the open but quickly lost steam... never regaining it's early day hi's.  market reversed to the downside at 1130 and dropped til 2.. the traded flat until close.  We were above the yesterdays VA all day.  Major support at 82 to 76 range.  Nothing above.


Here are numbers for tomorrow
YGlH 2.50
Yes hi1700.50 R1 1700.75
VAH 1697.50 sr 97
PP 94.25 WR1 95.50 Poc 95
VAL 1691 YCl 91.25
yes lo 88 Gl 88
S1 85
sr 82
S2 78.50
sr 76

Looks like 1700, 95 91 82

Trader X

Been doing a lot of trading psy lately... specifically looking at Buddhism and Zen for guidance.  Here is what I've learned in a very short time.  I have posted a link below that provides much better guidance than this....

The four noble truths are:
Life is suffering
Caused by desire
to stop suffering you must stop desire
this is done by following the Eightfold path

This certainly applies to me for sure... trading for money because I want it...  lots of it.  In fact I know see that this desire brings about my worst enemy of trading habits....  fear and greed have ruled my trading life... fear of losses and greed of losing what I've gained... not letting winners win and keeping losers tight.

By letting go of my greed I will become a better trader.  Weird right?  But I believe this is true and I will soon be putting this to the test.  The idea is by letting go of my greed I will follow my plan and do the job of trading the best way I know how.... trade with QUALITY....Zen and the art of Motorcycle Maintenance reference.  Just be the best trading I can and get satisfaction by doing a great job... the money will follow but will also lose it importance... it's just a by product of being a the best quality trader I can be.  Period.

I have to go meditate now....

http://zenbegin.net/zen-philosophy/zen-philosophy-the-four-noble-truths/#.UiieCcZwpAp

Trader X....  Soon to be Zen trader!  LOL