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Currently
option are saying we close Fri. between
1200-1220
however
this is just a small set back
maybe to 1180
then
1247-1255 via 7/21-8/3
Ben
----- Original Message -----
Sent: Wednesday, July 13, 2005 9:12
PM
Subject: Re: [e-mini_traders_anon] Re:
How to finding the fish
Well! The 1222 area is giving it a little
trouble. Time to look for a retracement?
----- Original Message -----
Sent: Friday, July 08, 2005 2:47
PM
Subject: Re: [e-mini_traders_anon] Re:
How to finding the fish
If it breaks through 1222 the next major
resistance I have is 1245.
----- Original Message -----
Sent: Friday, July 08, 2005 2:41
PM
Subject: Re: [e-mini_traders_anon]
Re: How to finding the fish
If this is normal expiration week will have a
sell starting tues into wed or thursday --I still can't figure out if this
is a reveral expiration or a breakout to 1235--just not that
smart.
----- 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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