-120

Failed Short.  Same set up as yesterday, but not so clear cut . Yesterday high acted as magnet pulled up the price

Like yesterday +90

market choppy..short on weakness of upward move & hatchet combined pattern

Against the trend +50

Choppy market...however when I short at market, its start kicking to the upside...Beginner's luck

Ordering on chart

This week I will be learning new thing - trading direct on chart.
Its a new feature offered by my broker and the charting fees is cheaper.
May be this will improve my trigger hesitation :_)
Again, some optimisation test need to be done.

Set-up in new environment

I didn't recognize my set-up in today environment ---slow shorting down zig zag.
However, in next trading session I shall recognize it if the condition exactly the same

The key to my Ferrari

How odd....

Exactly a year ago 25 Mac 2010, I posted this

Now I found my Ferrari, I should start the engine.

But ...where is the damn key ?. I looked for the Ferrari but forgot the key to start.

Double damm. DAMM DAMM.

I should able to start now.

Song - Celebration

Slippery CL

As I prepared to open my DOM, I watched CL dropped down like a stone..1000 bucks laying there ;).
nothing I can do except has to make a habit to open the DOM earlier

Chart 1, 2, 3

Slow market....

I need to see all charts to find if charts fitted my controlled plan.
If chart no 1 is difficult to read then look to chart no 2..
If yes then I understand the market, therefore can proceed with plan with good potential profit..

CL- After 1 year 3 months

I thought CL will go down ,,,but I cant trade becoz I have to sleep early tonight (GMT +8)

I found that CL trading is:

- interesting
-challenging

-better than watch Malaysian tv or Astro :-)

I will play CL again, next week. HV a good weekend !

Don't be like Gadaffi when trading

As I wanna to test my new set up and my hypothesis , I simming in past few days.

the tests:

1) Tick and  2 min
2) CCI
3) 'I follow rule'
4) Pivot

the taraaaaa....results...drum roll pls

1) Tick chart is better with than  2 min .  Wait......however, sometimes 2 min frame is better than ticks


2) CCI is good but I need to trade it live with other indicators...There many holy grails in trading...not only one. Ha....

3) "I follow rules" but as times goes by ...my reaction to the rules is slow..like a drunkard..so better stop trading sooner than later. Dont be like Gadaffi when trading

4) The Pivot, when the trendline break near pivot, all indicators are useless...this is where you need to rely on pure price action. I'm late in learning Pivot as I thought its mumbo jumbo..but as everyone looked at the same pivots, may be this is where self-fulfilling prophecy starts.....thanks Duane for ur comment

My mouse can't catch the mammoth.

There many mishap like this....

" CL is slow, the price pattern is flat,..so I relax my guard.....
I didn't even look at the indicators which showed stoch at the top, macd coming down to the middle and CCI in the range, which is my setup in the making...

Suddenly BANG.
300 in a flash ....then another 800 move.

My mouse can't catch the mammoth.

Migrain market

Missed the smooth early Grade B move.
Migrain market....I cannot read market like this.
Grade A move only happen near end of session after I exit.

Nice move

It easy to trade to CL just by eyeballing the horizontal lines and indicator positioning.
'Go with the flow'
But pity that during pre-session, I have decided not to trade due to family interference.
I have no mood to play today

-90

1 play...missed 1st grade move...1st grade usually comes with trigger.....
then enter long based on main chart when tick chart  showed divergence short
divergence is a 2nd grade move but this time was correct.
auto cut loss. CL had rough movement due to Libya's turmoil

A Malay Song by Jinbara

+30

1 play.
played divergence - short .  +80 then out at +30
Last played divergence 1+years before but of course, we knew the result......

Tick chart is okay

I have different opinion for tick chart today 100t...
Tick chart need to be used independently - no need to compare with min chart . They are different.
Tick chart is more sensitive than the min chart.

Sensitive

once handled properly , the reds became greens. :-)

More importantly: My set up remain the same

With & without indicator

I solved this dilemma 2 days ago.
How ?
Well, I have 2 monitors , 22"

So 1 monitor for watching price action, and another 1  reserved to indicators only.
Why I'm not thinking of this before ??
Not only that, I'm happy with my current  (868th...whatever ) set up.
Good for my eyes.
I hope it also good for my trading account....the saying " trade what you see....:-)

CL's early train

Moved too early--I missed it.

To improve execution

Set dom trigger stop entry order- dont use market order

-80

 

Error: Execution problem

1. need target in range market
2. time frames are important
3. execution : macd need to cross clearly
   
   

2min & 1 min , 30s & 15 s

Zig Zag before EIA, and then total chaos.
But I learn something about the time frame

+130

CL moved far already so I expect a ranging market . After entry, wiggling price made me nervous but at last,  CL short down. In a flash ,  price moved up after hit SR below. But I already locked a mini profit.
The 1st profit this year.

Lesson: Has a target during range market will make an easier trade

A good test

Yesterday is a good test for my CL set up.

Internet resume

at last after nearly a month ...my internet line is resume to normal with other ISP..a major company
I have a warming up session today

Created an Excel template

As I have much free time now, I created an Excel template than will enable me to record my trading in detail...some things cant be put in words like this blog -)

Termination of old ISP

I'm a very patient man.

To prove it, 3 weeks dead internet and I still cling to my ISP..Only a week good connection and then another 2 weeks of dead internet..If I still proceed with my patient demeanour,,then it is dumb.

Trading is very hard enough for 95% world population and I dont want to start new year 2011 with the same ole problems in 2010.So I give them my stop loss.But need another 2 weeks before new ISP comes in.

Meanwhile I have preparing my self with revised setup that I can write it on a business card.
Only 2 filters and 2 subfilters and I'm in..........( compared to old setups that have 5 filters, 3 subfilters.)

Yes, that is a damn fast setup. Any dead internet connection will screw it

"Sang" - Who cares if someone makes more than me on a trade?

http://www.sanglucci.com/education/the-psychology-of-trading/#more-1358
Who cares if someone makes more than me on a trade? Who cares if I didn’t get the whole move? Who cares if I sold out and the stock ended up doing what I thought it was going to do? Who cares if I missed a banger? The answer to all these questions and anymore you can come up with is…
NOBODY CARES, ONLY YOU! The market is the market and there are opportunities every second. If we get a couple moves we’re closer to where we want to be. If we don’t WHO THE FUCK CARES, more are on their way.
Do yourself a favor and tell your ego to go screw itself tonight!

Troublesome Internet

...made me lost focus