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Old 12-11-2007, 11:09 PM
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Re: MC's House of Mirrors

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"1 hour and 40 minutes of BLOOD!" ...haha, I love it.

It was an interesting move to trade/watch. The market seemed to forget about its second "wave". Shows another example as to why you should keep your assumptions and bias minimal and listen to what the market is saying.
Yeah no doubt, I almost grabbed a short as the momo started but it wasn't a signal and I opted to try and stay on course of the plan. Then as I saw it didn't bother to come up for air I was like whooops.

Then I got a divergence signal and despite saying 2 trades a day I took a 3rd and ended up breaking even on the day on the loss. I'm ok with a scratch though cause I'm getting more comfortable with letting the trade do it's thing and I'll keep working till I nail my discipline.

No bias other than in the moment for me either, I know daytrading is the hardest thing to do till you dial it in and then IMO it's probably the safest way to trade.

I'm going to try and get in the chat tomorrow, It was nuts at work lately so I've had to skip out.

Side note, in regards to my Tradestation "slippage" I looked and got a perfect fill at market today despite the Matrix window showing it bobbled the order so I'm thinking its the DOM style order window having issues. I might have blamed TS for something that is a visual issue but not a real problem fill wise.

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Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value).
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