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HAL9000
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Posts posted by HAL9000
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I still feel frustrated, because I haven't worked on step 3 yet,
while I mess up my thread with charts.
But it is necessary in my view, and I made some progress in my view too.
I have deleted some more indicators and my charts are cleaner for me now.
I will modify them further. Deletion or addition of things,
but currently they look like this (for the 6B, i.e. GBP vs. USD).
Anyway, I have already learned much from many here at TL.
And I guess, this will go on.
I am still a beginner, maybe an intermediate already. :hmmmm:
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7/205wins 9 losses Total -6 ES Points
After 2 months so far, im not getting anywhere with this "Al" method.
Im getting 4 Ticks but then -1.50 to -2 Stops are needed to catch the 4 ticks. AND U DO NEED THE FRIKIN 2 PT STOP.I can have 4 out of 5 winning days in a week and then One bad day will make me negative for day. Cherry picking these setups is a stressful way to live and even then these setups are 50/50 i feel. I guess i just cant make this work in a REAL Trading environment. At end of day marking up the charts, sure thats easy.
Think Ill stop posting charts for a while.
Hi Szubaark,
I am not trading Al's method, but I have watched the webinars,
so I think I know, what you are trying to trade.
Please don't to stop to post your trades, yes I am just a lurker, but
it might help you, because you will get feedback over time, that might help you.
I simulated for a long time, not in a profitable way, but maybe now, I might have found an edge with the help of this community here at TL,
but only time will tell, and its finally still up to me.
So here is my remark, my question to you:
I see a trendline on your chart, which shows an uptrend (maybe you draw it in hindsight?!), but
why are you shorting against this climbing line?
Why are you not holding a long longer based on this climbing line?
You don't have to answer me, just answer these questions for yourself.
Regards and best wishes,
Hal
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Last week I started to look at the 6B as well,
and liked it somehow.
Last Friday I mostly simulated, but did another scalp in the 6B a small 25 $ net.
I had trouble to find into the market, somehow it was the wrong time of day and I don't felt prepared. So I stopped after that.
During the weekend I examined more 6B charts and think I have found my system to trade the 6B.
During this morning I did some simulation trades, and it went well.
Then in the afternoon I traded real, on larger frames with larger stops compared to last weeks trades.
My fear always was (and is), that I will start trading real with a looser, and guess what happened.
In hindsight, this first trade might have violated my entry rules, but maybe it was just the one that had to fail.
I also missed to exit this trade on BE. This was clearly my mistake.
Then I had to decide: One more (and only one more!), or ...
I did one more, as it was where.
And then I was tired and stopped (as planned before).
Now I have to analyze, what I have done wrong (and right),
but the first step is done,
even if I don't know, what will happen tomorrow.
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?????????????????????In my view:
Scalp: 5 to 10 ticks. (Maybe even less.)
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Further question: How large in $ should be your test bets?
The amount might be very different for different people.
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Minted,
have you thought about scalping a futures contract instead?
The 6E (EUR-USD) for example.
Futures markets are regulated and the 6E is scalpable.
Hal
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I am back.
Today I scalped, really just a little.
While I think that the way to go for me, is to trade the 6E,
today I started to trade/scalp the NQ in real.
I guess my biggest mental problem is still fear.
So I have to trade real, even if just small at the beginning,
otherwise I will not overcome this problem,
and time is running too.
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Here is a chart, that I have used today, and I think its damn quick for me.
A 9 range EUR / USD chart starting at 5:27 ET today.
I hope I find the time to write more during the next days,
but while I am still in my brainstorming process,
I believe, that I have made some progress.
Time will tell.
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but why not just use a tick chart with a very small setting?Sorry that I answer late,
but I was ill, and more or less I just read here.
Anyway, fast tick charts, and I have tried them and they are not for me.
They let me enter trades I should not.
My charts are based on 5 s data, and well, for a contract like the ES,
5 s might contain 120 or more ticks, if there is action. But even if my brain
finally made a decision (? s). The impulse needs 1 s until my muscles have pressed a key, then the signal still has to be transmitted (one more s?).
I watch a tick chart as well, but I sometimes I think, it just hurts me.
Anyway, it you like them, use them!
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Minted,
while you are cooking
Here is one more from me, that I have read some days ago,
its not a novel like Reminiscences,
its much more like the testament of J. L. Livermore by himself.
He writes about what he has learned during his life.
He shows his system and I think that he describes the sequences of
HL, HH, HL, HH, LL, LH, LL in his system. Very basic.
So I am not praying his wisdom here, but ... maybe you decide to start
to read his things.
This book is called "How to trade in stocks; The Livermore Formula for Combing Time Element and Price" by Jesse L. Livermore.
Well, and to give you an impression here is a thought about
investors and speculators from the 1940 edition, or so.
I know, I am overshooting once more, but I like it.
Forgive me.
Please? :rofl:
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Barbara Rockefeller's Technical Analysis for Dummies is actually quite goodHi Thales,
I have have no doubt about it.
And I think we don't need another thread or forum about this.
Just to make my use of xxx for dummies a little bit clearer.
It is not about the title of a book.
Its just about all these books like,
- I am a big speculator, do it like me.
(Or in other words: buy my books, my last trades have failed!)
- How to make your retirement with investments.
(Or like my government likes to say: Your pension is save! IMO: Naive or more than that!)
- Sometimes I trade, but more often I sell indicators and more to innocent newbies.
...
You understand!
Its not in the words.
Its more about, there are tons of books, but aren't just 5 enough?
What is message and helpful, and what are just books of traders that never traded?
Regards,
Hal
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Hal, are you saying that xxxx for Dummies and other such "food", are worth reading OR not?Hi Minted,
My message is the following:
I think Reminiscences is a good start.
You understand many things after reading it.
It doesn't makes you a good trader just by reading, but you will understand what happens.
It was a long time ago, when it was written, and it is still the same.
The xxx for dummies explain the easy things, well, and for a virgin,
they might be right, but from my experience, the xxx for dummies haven't explained me what "shorting" is. I was naive, I was right before in the bull run, but I couldn't see the danger coming from this side.
In result, I lost (very) much some years ago, simply because I haven't read my recommendation.
In my country shorting wasn't known for "ordinary" people
like me, who read xxx for dummies. I have been naive. Nothing else.
Again, my message is read Reminiscences, read the other recs you get here (i.e. from atto, from thales), if you don't understand something in these books, ask here, or use xxx for dummies,
but don't trade just based on xxx for dummies.
I made my mistakes in the past, and I will make new ones,
but guess what, you will understand, what is said in Reminiscences.
Hal
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I still don't know anything about "minted" nor about what he knows nor about his level of experience, if any.DB,
I don't know too,
but I hope that you, the OP (and as well beginners) understand my point.
I too, would advice them to read your posts and your blog in here at TL.
I have ignored the basic things like S/R and trendlines for a long time.
More working on just indicators. So now for me it seems to be the combination of both worlds.
No need for a discussion on my side too.
Regarding websites, etc.
Website: TL is it, some others are mentioned here.
Tools: There are tons of it here.
So what is it finally?
Make your decision, build your plan.
Livermore was 14, he saw pictures, he saw his edge,
and then he went real ...
He started his journey!
Hal
P.S.: PEACE
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They are well beyond where you are.I disagree with that statement.
Let me explain, I think that even if a reader might not know all terms used in these books, they are the better start. A reader can learn the terms and what they mean with a small additional effort.
But, if you read the mainstream food (i.e. xxx for dummies, etc. :helloooo:), you may discover after some years,
that you would have saved plenty of time and money, if you just would have known ... :doh:
Well, Reminiscences, is the foundation (still IMO) .
It shows also the ups and downs in life, as well as the strategies of a trader (i.e. Livermore).
Livermore, might not have had the choice of tons of books like we have today. But he was clever, he used common sense, and this book about
him contains so much basic rules (not to say wisdom),
everyone talks about today, not knowing where it comes from.
A must read for everyone.
Hal
P.S.: I like Darvas too.
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I have just one, that I like to recommend, old but a must read, IMO
Reminiscences of a Stock Operator
by Edwin Lefèvre
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Confused?
Just one more.
Guess what it is, but doesn't it makes sense?
Another view:
Well, it seems to be, that all truth is a tale, that ...
Hal
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There are a thousand ways to scalp a cat!
Now look at this one!
There is a 50 linear regression channel with 2 SD bands instead of the ADXVMA.
And not to forget about trendlines and s/r lines,
flips and ... you know! :rofl:
Hal
:did I say that?:
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I just looked at slow corn after some time.
Volume ... additional hints ... :rofl: ...
I am not sure how tradeable it was in real time,
but look at the volume spike at bar 1633.
Selling started and continued during the next 7 minutes (6 bars) -> signal ?!
Then just watch what happened later (pull back and ...).
So here is my chart from today's (25.06.09) session (between the vertical lines).
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BTW, I just saw that on the 12 range one gray line between Monday and Tuesday is missing. Another error to solve. :doh:
It should be between bar 204 and 205 on the 12 r.
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I have just tried it with and without logging out.
So far its the same as before.
So I still see the what is on the above screenshot.
And the outcome is the same.
Do I have the permission to use the new adjusted settings?
Anyway, if its getting to complicated, because of the png-jpeg conversion,
just leave it as is.
Hal
P.S.: I will try it later again.
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Hi James,
I will try and post the result here later.
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Hi SimpleTrades,
the charts above show data from mainly 9th June and 10 June based on the old June contract.
Because I don't update this file anymore, I can go back and play with it as I like now.
As explained in post #8 the gray vertical lines are placed at midnight New York time.
But to make it easier, here is, what I currently look at:
These charts show 12/8/4 "range" bars. (Not real range bars, as I said earlier.)
On the 12 range you should see a dark vertical line. This line marks
the begin of Sundays session this week. The gray vertical lines at midnight NY time, so that I don't get lost totally.
So on the 8 and 4 range the full day shown between the lines is Wednesday (Yesterday).
I think, that these charts also show, that it might be very dangerous (I know it for myself), to just follow blue/red toggles based on a quick 4 range or 8 range chart without looking on the context.
The losers start to rule then, because you have to cut the winners, to recover from your many small losses.
So we need filters, if we like to use these toggles.
And this should lead to the next step.
Feel free to post one of your charts here too!
Hal
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Hi James,
I think my post was a little bit mixed up.
So I have done a screenshot, which should explain my issue (hopefully better):
So it seems, that my png file is too large in memory size (572 KB in this case)
and in pixel size (3840x1024).
What I have recognized is, that these restrictions are different, if
I use the "Manage Attachment" feature on normal posts.
For png files, there is a maximum size of ca. 488 KB and it seems that,
there is no restriction on pixel size.
I think a similar way would be good for pictures in albums too.
Hal
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Hello James,
today I posted a chart on my blog, well,
I should say a screenshot as a png file (size 3288x877).
From my point of view everything is OK, even if the small attachment
chart is not visible, instead you can click on the link.
So far everything is nice.
But here is my issue:
While I am a little bit chaotic, I tried to upload the same chart (file) into my album.
It says there is a 1200x1200 restriction, but anyway it uploads my too large png-file. But it seems that it is converted into a much smaller jpeg-file (813x217).
So now, I would like to ask you, if its possible, to show files within albums
as on the blogs?
And maybe, just maybe, to show the "Attached Images" on blogs as image, even if some limits are violated? BTW. I uploaded a png, but the created jpeg is scaled 38 %.
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Anyway, if its too complicated,
leave it as it is, its not so important.
Regards,
Hal
:beer:
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Open and Free Discussion on VolumeThis should say it all.
Pivot Point Analysis
in Technical Analysis
Posted
Its difficult say, if you don't clarify on what interval your question is intended.
1 month back?
1 year back?
10 years back?
from 1975 to now?
from 2000 to 2005?
And if you finally got several different numbers?
Can you trust them?
And what are they good for?
Please excuse me,
but maybe you explain a little bit more, to receive more valuable answers than mine.
Anyway, here is mine:
More less, than not.
PEACE,
Hal.
P.S.: Welcome, and also don't take me serious, was just fun. :rofl: