+2.5pts today… so a bit better. Maybe I am adapting some to the recent action. Very very choppy, still, for the most part. In this video, I talk some more about PnF charts (and by association, range bars), and some of the things I like about them. Now that I’ve seen [...]
I had a rough day yesterday, to the tune of minus R 9. My feeling was of trying to catch up. I wasn’t looking for momentum moves, 2 B tops, or 2nd time through trades….I was trying to dig myself out of a hole I made from trading the open. I was [...]
This is the best blog post ever on the subject of trading.
To quote Dr. Brett, “…And I have a feel for bullshit.”
Another notable quote, “…But if you don’t have concrete goals, concrete ways of working on goals, and specific routines to research markets and prepare for the day, you don’t have a passion for trading. [...]
I guess DT, Richard, and Ugly are right. Not only are the bots taking over trading, but they will soon dominate areas you haven’t dreamed of (if your into that sort of thing).
I’ve just signed up for the model that can trade too! I think I’ll sit at home while my bot trades [...]
I was away from my desk almost all day, and only made a small trade in the morning (+3/4 pt). Not worth making a video over it. Depending on how much there is to talk about tomorrow, I may go over the ugly-looking action from today in tomorrow’s video.
Analytical Market Trading Chptr 7: Range Bars
An article about range bars
(tags: trading range_bars)
Half the reason I post these trades is to get me away from staring at the charts after I have identified and traded a setup. So here I am. I saw a momentum push with volume this afternoon, and waited for a setup to follow…which it did. Momentum precedes price.
SPY Scalp:
2 more…
Looks like a breakaway gap today for a “rally”. 2 wins, 2 losses. Kept my losses small….about all I did right today :/. Plus R 0.7.
SPY Scalps:
The eotpro.com folks have been investigating the strengths and weaknesses of range bar charts. Tradestation doesn’t have range bars, but it does have PnF charts. And, you may or may not know that PnF charts are an extremely close cousin of range bars. The only difference is that a range bar chart [...]