IchibomB's stuff - Page 17

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this looks like a good area to fade back to yesterday vpoc. Imma go give it a shot. 1 /ym car at 12657

Quote:

Originally Posted by IchibomB 

one thing I noticed on your chart azn was your vpoc's were actually vahigh and valow.

vpoc to me is virgin point of control or a point if control that hasn't been touched. 

oooo. I got more thread reading to do. haha

The stop is what messed you up. lol

Here's where I'm at. Not a problem.

Quote:

Originally Posted by IchibomB 

Thanks for the feedback. However, I didn't use a stop.

I messed up not setting my limit targets overnight on that long. 

Trading isn't easy and I'm still figuring things out 3 years later.

I'm glad you have it figured it on your end. Keep it up 

Well, I'm 3 years behind you plus I'm not a financial whiz remember? That puts me about 5 years behind you. Check this chart. I shorted 6C at 9:00 AM and at 9:20 my trade was no longer valid and at 9:24 I went long. You know the rest of the story. The only thing I have figured out is how to avoid a financial loss (most of the time).

I cannot read the chart you posted so I assumed (I know) you got stopped out. Didn't mean to imply I have it figured out. Sorry.

i still have alot to learn. Lesson today was dont walk in the path of train, you are gonna get smacked lol.

yeah. looking to fade to at least 12644 on the ym. 

Quote:

Originally Posted by Aznxdgnz 

yeah. looking to fade to at least 12644 on the ym. 

What are you basing your decision on? Just trying to help.

Well My theory is that prices are attracted to heavy volume before a heavy move. Since we ran heavy downwards yesterday, im going to fade it to the closest heavy up volume area, which is around 12644 to built more momentum to continue downwards. My theory anyhow. What do you think?

hmm.. i uses intraday charts. maybe thats why i have such a big difference with yours. Im basing it on 1 week old daily poc.

Quote:

Originally Posted by IchibomB 

I use intraday as well.

 

I use 5 min chart with a daily profile

4hr chart with a weekly profile

daily chart with a monthly profile

weekly chart with a 4 month profile

I think im going to start looking at other timeframes too. All this time i was only using 30 minutes with a daily profile. 

Quote:

Originally Posted by Aznxdgnz 

Well My theory is that prices are attracted to heavy volume before a heavy move. Since we ran heavy downwards yesterday, im going to fade it to the closest heavy up volume area, which is around 12644 to built more momentum to continue downwards. My theory anyhow. What do you think?

I don't like it for a few reasons but I'll also add that we're all different and that you should trade based on only what you think.

It's Friday and you do not want to be holding at the close, it's in the standard auction and it's moving horizontal so for those reasons I don't like it. I have no idea what it's going to do between now and close.

Quote:

Originally Posted by BobK 

 

I don't like it for a few reasons but I'll also add that we're all different and that you should trade based on only what you think.

 

It's Friday and you do not want to be holding at the close, it's in the standard auction and it's moving horizontal so for those reasons I don't like it. I have no idea what it's going to do between now and close.

well i paper trade futures for now. At the end of day i close my position, not fan of gapping moves.  Im still trying to learn vp trading, and futures are a new instrument to me also. Im not ready to dip my feet just yet.