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Actually there is a cluster of major
turn on 7/12-7/15
NASDAQ 9 month cycle is due 7/12
it is a breadly turn
a key Gann 3 of days
and an economic cycle due 7/15
Ben
----- Original Message -----
Sent: Saturday, July 09, 2005 7:28
PM
Subject: Re: [e-mini_traders_anon] Re:
How to finding the fish
I do have this thought--I do not expect the
market to stop before a test of 33 how it does it is anyone's guess--I won't
be surprised if it is straght up or if it is a shake out but it has to try to
test that number--expiration week is their best chance 7/20 is the critical
date in my book we either break out on that date break down or have a major
retest--I give you the date not the trade cause I can't see what the market's
repsonse to 33 will be till we get there.
----- Original Message -----
Sent: Friday, July 08, 2005 4:24
PM
Subject: Re: [e-mini_traders_anon] Re:
How to finding the fish
Hi Janice:
What are your thoughts for Next week?
Is the S&P going to retrace, if so Where?
Or is it going to be a UP week, HIgher Highs?
Zarir
This may be more than you want to know but
here goes.
1. When you see the market run to a major
support or resistance number and reverse strongly--look for
follow-through--why big MONEY was probably sitting there in order to
reverse it with real momemteum--big money is probably putting on a
position--now that money is spent--
2. When you have panic activity
followed by the reversal move and then you have the market closing at the
high or low depending on your support or resistance--then you probably got
major short covering yesterday.--and anyone who had sold short looking for
that move did not have much time to covrer at the bottom so they ended up
buying all afternoon.
3. The next morning look for you next major
support or resistance area and that area is the point that the move begins
from--1200 then watch for the move to potentially begin.
4. Look at a day 30 min chart on the
s&p--they never let it breath once this move kicked in --everyone has
orders just below the market to support and get on board the
move.
5. Moves like this happen maybe 20
times a year up and 20 times a year down if that --but if you see one you
will probably get at least 15 points off the low in todays
volitality. As volitality increases that number will increase to 18
to 25 but yesterday was the 30+ point move so 14-15 made sense
today.
6. There were at least 10 buy programs
today--I trade off these programs and I can't teach you how--but set your
$tiki to + and - 28--when you get a number of one or the other on a day
like this you have your evidence of what is controlling the
market.
7. Expiration week begins Tues or Wed the
week before expiration--that is option money and big money are setting up
positions. Usually during that 7 or 8 days you will see at least one
STOMP and usually 2--today was 1 and it started yesterday at 1:30 --and
usually these kinds of moves will begin one day and not end until sometime
the following day.
9. Believe me V day (look at your chart and
you see a BIG V from Wed today are unusual and it takes years of
experience to recognize and stay out of the way or better yet--JUMP ON
BOARD.
Hope this helps--I put my post to Ben out
this morning thinking that this might be in the making today and hoping
someone might catch on from the post.
Janice
----- Original Message -----
Sent: Friday, July 08, 2005 12:45
PM
Subject: [e-mini_traders_anon] Re:
How to finding the fish
my overbot/sld markers workn good enuf to sell
into this and still
scratch but how the hell you know when to just
GO WITH THE FLOW???
http://charts.dacharts.com/2005-07-08/trymphFREIGHTtrain02.png
My
stuff works great in chop but someone help with way to befriend my
trend?? <g> I'm beggn now lol
Have great weekend
all
Regards
Bruce
--- In e-mini_traders_anon@xxxxxxxxxxxxxxx,
"trymph" <trymph@xxxx>
wrote:
> OK so day like
today.............you play Overbot/sold for a scalp
> but like
today...........how do ya know when to just jump on the
> train
and GET OUTTA THE WAY????
>
> http://charts.dacharts.com/2005-07-08/trymphFREIGHTtrain01.png
>
> Come on Rick....some help here??
> Regards all
>
Bruce
>
>
> --- In
e-mini_traders_anon@xxxxxxxxxxxxxxx, "Bob" <Bobh@xxxx>
wrote:
> > A sound methodology should work in any market on any
timeframe.
> What we're in constant search of is volatility
because volatility =
> opportunity, not a new market where some
alleged "setup" might
> work.....this is just another wild goose
chase and the wrong
mindset
> to employ. Market
selection certainly plays a role in
profitability
> but it's
not the difference between long-term winning and losing -
> just
how much you win if you can trade.
> >
> > As for
Rick's approach being "nothing special" or in use for a
long
> time, it probably is, and that's a good thing. In my
experience
the
> things that work the best are both very
simple and have been around
> for a very, very long time - and
they work in any market. People
> just don't want to
believe that this is the case (I used to be one
of
>
them).
> >
> > In regards to blaming
something/someone else for our
> failures/shortcomings, well,
this also doesn't ring true and is
akin
> to blaming
Stolichnaya for your DUI. Nor does switching markets
and
> presto I'm profitable. Once you start with real $$ it's
all about
> introspection and change/behavior
modification.....identifying
> strengths and weaknesses and
taking steps to address
> them.....identifying bad habits and
taking steps to break them
and/or
> replace them with good
ones.....and on and on and on. In short the
> entire
process is about questioning ourselves and the methods so we
>
can make the necessary changes, and if you aren't willing to accept
> responsibility or blame yourself then you will always be a
"fish".
> >
> >
> > ----- Original
Message -----
> > From: "being_profitable"
<being_profitable@xxxx>
> > To:
<e-mini_traders_anon@xxxxxxxxxxxxxxx>
> > Sent: Friday,
July 08, 2005 1:42 AM
> > Subject: [e-mini_traders_anon] How to
finding the fish
> >
> >
> > > What I
think Rick is talking about is a simple common sense
>
trading
> > > practice that has been use for a long
time. It is nothing
> special,
> > > but it is
a useful practice and one that many new traders are
> lost
on.
> > > I'll try to explain it best I can.
> >
>
> > > Today, many new/amature traders seemed to be
locked into the
idea
> of
> > > trading one
particular index like the SP500. However the SP500
>
may
> > > not be a good market to trade for your setup or
the style that
> works
> > > best for you. Do
you have a setup you like, something that
makes
> > >
sense to you? Are you able to make money with it trading your
> current
> > > market of choice? If you are
not, then ask yourself why, is it
> the
> > >
trader(mistakes/emotions/inconsistency), the setup or the
>
market? Now
> > > there is a good chance you really
don't know the real answer to
> this
> > > question,
so before you blame yourself or learn a new setup,
take
>
a
> > > look around at other markets and see if you can make
money else
> where.
> > > Changing markets is
the easiest thing you can do. So don't
limit
> > >
yourself to one market. Understand what kind of market your
setup
> > > works best in and find the market that is
favorable to it.
Also,
> time
> > > is an
important factor. Some markets have a tendancy to trade
>
> > differently during specific times or days or months.
This is
all
> part
> > > of finding your fishing
hole.
> > >
> > > I'll give you a simple
example. I like to trade wedges,
> consolidation
>
> > break out patterns and flags. To be more specific, I'm
looking
to
> > > trade pullbacks in a trend. So
first I have to spot the trend,
> then
> > > wait for
a pullback that forms a pattern that I'm familar
with.
> Now
> > > the concept is simple and you will find
this trading style
> explained
> > > on countless
websites with many different verions, twists and
> spins.
> > > I tried trading this method using ES and to make a
long story
> short.
> > > Theory was much harder
than practice. As a new trader, I blamed
> > > myself,
I blamed the setup, but really it was not me or the
> setup.
> > > All I had to do was find a new fishing hole (I
switched markets
> and
> > > only traded a specific
time period) and bang... I'm make'n
> money.
> >
>
> > > I will give one last piece of advice. If
you are not making
> money.
> > > Don't blame
yourself, your emotions, not having a winning
> attitude.
> > > You can read a million books on trading psychology,
listen to
> hours
> > > and hours of trading
affirmation and meditate on how to be a
> winner
> >
> all you want. Maybe this will help you a little, but I can
tell
> you
> > > from experience. Nothing
builds a winning attitude faster and
> better
> > >
than trading a winning method. When you are making money, it
> will all
> > > click and you will know what I'm
talking about. So spend your
> time
> > > and
lots of it learning about the market. Be very open minded
>
about
> > > what might work and what might NOT work.
MOST IMPORTANT. Don't
> be a
> > > sucker, common
sense and street smarts is a must in this
> business.
>
> > Learning to trade is far from easy. Some lucky few will
manage
to
> > > make money right away, but for how long
is questionable. For
> most it
> > > will take
more time and money than they can afford. But for
the
>
few
> > > who can afford the time, money and effort it
takes... it might
> just
> > > happen for them.
Hard work, hard work, hard work.
> > >
> > > I
hope what I wrote here makes sense and is useful to someone.
>
> >
> > >
> > >
> > >
> > >
> > >
> > >
> >
>
> > >
> > > Yahoo! Groups
Links
> > >
> > >
> > >
>
> >
> > >
> > >
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