tag:blogger.com,1999:blog-9459815.post2585611558283547321..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: Mid-week madnessTrader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-9459815.post-28455499247407731272012-05-17T16:52:25.956-04:002012-05-17T16:52:25.956-04:00Graham, seems like JCP was more of a reverse u-tur...Graham, seems like JCP was more of a reverse u-turn. It didn't pop up on my watchlist, but seems like a good setup. A little far from the EMAs though.Warrennoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-42013078386733764852012-05-16T18:52:38.741-04:002012-05-16T18:52:38.741-04:00Warren, would you have taken JCP Wed? Break of the...Warren, would you have taken JCP Wed? Break of the 6th or 7th bars. A lot like the pattern you pointed out, but not perfect. Thanks!Grahamnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-29537272394285143222012-05-14T22:13:30.516-04:002012-05-14T22:13:30.516-04:00Thanks Chris for your response.
TheLearningTrader...Thanks Chris for your response. <br />TheLearningTraderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-73594802684565754512012-05-14T16:11:35.071-04:002012-05-14T16:11:35.071-04:00Warren,
MPEL, 30min, 7th bar low, does turns out...Warren, <br /><br />MPEL, 30min, 7th bar low, does turns out to be a great trade. I didn't trade it but was watching it all along. it does have a longer time frame which is 30 min instead of 15 min, and also late in the trading day that all add to risk factors<br /><br />i guess the 1st bar was fully red and wide range, , following by very weak bars (2nd and 3rd), <br /><br />4th bar is kind of red flag but the bulls didn't pull back deep into the first bar (4th and 5th bars together didn't look too bullish)<br /><br />5 ema as the resistance backup by the bearish 1st bar<br /><br />7th bar looks good and closed right below the retracement zone<br /><br />goal is to hold until it hit the extension of fibonacci, which it almost did and closed 50% of the extension zone by the end of the dayTimes of Your Lifehttps://www.blogger.com/profile/02342596487521305995noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-87387680630650330622012-05-14T13:26:45.036-04:002012-05-14T13:26:45.036-04:00MPEL is more of the pattern I like but I don't...MPEL is more of the pattern I like but I don't usually trade 30-minute charts, and I would be careful as it is getting late in the day.<br /><br />WarrenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-45072394483141031442012-05-14T13:25:11.342-04:002012-05-14T13:25:11.342-04:00Sorry, 5/7 is the date. 15-min chart, entry would ...Sorry, 5/7 is the date. 15-min chart, entry would have been later in the day when price fell back out of the retracement zone (break of 1:15 low).<br /><br />WarrenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-15105051806464234992012-05-14T13:16:32.150-04:002012-05-14T13:16:32.150-04:00Warren,
CTSH 5 min, 7bar is the entry?
but previo...Warren,<br /><br />CTSH 5 min, 7bar is the entry?<br />but previous bars have a lot of bottom candle spikes, aren't those like red flags, and more likely they won't react the extension goal?<br /><br />for example if you see MPEL 30min, 7th bar low(if by chance it break down), will you consider a good candidate (put it under monitor)?<br />but MPEL, 30min, 4th bar is quite a red flag, so i am not sure how one consider a reverse vs a pull backTimes of Your Lifehttps://www.blogger.com/profile/02342596487521305995noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-77995750011402929472012-05-14T13:02:22.999-04:002012-05-14T13:02:22.999-04:00CTSH on 5/7 is the pattern I like, though that ent...CTSH on 5/7 is the pattern I like, though that entry was late in the day. I find if they move down, pull back to the retracement zone, and then collapse quickly that they will probably hit the Fib extension. But I like nice patterns like CTSH.<br /><br />WarrenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-67333467351341710332012-05-14T12:35:53.280-04:002012-05-14T12:35:53.280-04:00yup i mean C short of the 7th bar low
ah i see wh...yup i mean C short of the 7th bar low<br /><br />ah i see what you mean, there isn't a obvious pullback<br /><br />i thought it was a good trade cuz<br />1. first bar are quite wide range<br />2. the only green bar is the 2nd one but can't really pull it back up<br />3. was under pivot point, and 5 EMAs<br /><br />also how are you guys consider a pull back vs a reverse and price stalled?Times of Your Lifehttps://www.blogger.com/profile/02342596487521305995noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-83041471132653880612012-05-14T12:30:08.799-04:002012-05-14T12:30:08.799-04:00TOYL, I assume you mean C short? I like to see a l...TOYL, I assume you mean C short? I like to see a little more pullback rather than just a flat base, so for me probably not. Having said that if I did I was use a wider stop - maybe the high of the 2nd bar.<br /><br />WarrenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-41494327296367168582012-05-14T12:07:06.943-04:002012-05-14T12:07:06.943-04:00will you guys take C, 15 min, 7th bar low?
its sup...will you guys take C, 15 min, 7th bar low?<br />its supported by 5 emaTimes of Your Lifehttps://www.blogger.com/profile/02342596487521305995noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-27950157017018181862012-05-14T10:56:27.269-04:002012-05-14T10:56:27.269-04:00Learning Trader, I risk the same dollar amount on ...Learning Trader, I risk the same dollar amount on every trade. ie, I adjust my position size in accordance to what my stop would be to ensure a consistent amount on all losers. When I take a trade, since my win rate is above 60%, I am just looking for at least a 1 to 1 with that amount. Hopefully I find trades that are much higher than that, but I've never done a detailed analysis to see where they all fall. My gut tells me my average winner is probably around twice as big as a loser would be, though.Chrisnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-44847602141432293262012-05-14T09:42:22.061-04:002012-05-14T09:42:22.061-04:00Chris, yes 15-minute chart. Many thanks for the an...Chris, yes 15-minute chart. Many thanks for the analysis, it really helped.Seannoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-4095587699587611422012-05-14T01:03:43.993-04:002012-05-14T01:03:43.993-04:00Great comments.
I am wondering if successful tra...Great comments. <br /><br />I am wondering if successful traders here are finding average winner to be two times the average loser or is it different?<br /><br />TheLearningTraderAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-16169562393185119002012-05-12T23:15:07.672-04:002012-05-12T23:15:07.672-04:00Sean, I assume you are trading the 15-minute chart...Sean, I assume you are trading the 15-minute chart? The pullback on the 2nd and third bars was too deep - in fact, it pulled back to the morning low. Your entry had you below resistance of the retracement zone, and price never could rally through it. Long story short, you entered a long position below substantial resistance - every now and then those work, but usually they don't.Chrisnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-34227456470526051292012-05-12T14:18:06.256-04:002012-05-12T14:18:06.256-04:00I lost money on LEAP Friday, entered on a break of...I lost money on LEAP Friday, entered on a break of the 4th bar high but it never really took off. Thoughts anyone?Seannoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-86730534171006865342012-05-12T13:28:35.486-04:002012-05-12T13:28:35.486-04:00Leo, I'd say 80% of my trading is 15-min, 20% ...Leo, I'd say 80% of my trading is 15-min, 20% is 5-min. 2-min is way too fast for me!Warrrennoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-88816806798397231802012-05-12T13:22:30.755-04:002012-05-12T13:22:30.755-04:00Is anyone buying Facebook on Friday?
:)Is anyone buying Facebook on Friday?<br /><br />:)Marc W.noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-32337464985824040942012-05-10T20:18:58.371-04:002012-05-10T20:18:58.371-04:00Nice trades Warren. Is everyone trading only 15-mi...Nice trades Warren. Is everyone trading only 15-minute charts, or is anyone still trading 5-min or 2-min?Leonoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-43913619472407199482012-05-09T22:50:39.284-04:002012-05-09T22:50:39.284-04:00Wednesday, both 15-minute charts, both u-turn trad...Wednesday, both 15-minute charts, both u-turn trades with 8EMA and 5EMA. DF - entry on a break of the 12:15 high. Nice hammer on top of the EMAs, move to the Fibonacci extension. IR - break of the 11:45 high. Again nice hammer on top of the EMAs, move to the Fibonacci extension.Warrennoreply@blogger.com