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IchibomB's stuff - Page 17

post #321 of 616

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

post #322 of 616
Thread Starter 

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. 

post #323 of 616
Quote:
Originally Posted by IchibomB View Post

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

post #324 of 616
Thread Starter 

what a day..messed up a little overnight on an /NQ long hedge but otherwise came out on top. 

Capture.PNG

post #325 of 616

The stop is what messed you up. lol

post #326 of 616

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

 

6CDown.png

post #327 of 616
Thread Starter 

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 thumbup.gif

post #328 of 616
Quote:
Originally Posted by IchibomB View Post

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 thumbup.gif

 

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 I shorted 6C at 9:00 AM and at 9:20 my trade was no longer valid and at 9:24 I went long.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.

 

6C.gif

post #329 of 616

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

post #330 of 616
Thread Starter 

We're wired to go against the trend. It's natural. 

post #331 of 616
Thread Starter 
Originally Posted by BobK View Post

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.

 

 

 

weekly profile on this 4hr chart looks like a decent setup for a reversion 

Capture.PNG

post #332 of 616

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

post #333 of 616
Quote:
Originally Posted by Aznxdgnz View Post

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

 

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

 

ym.gif

post #334 of 616

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?

post #335 of 616
Thread Starter 

I definitely agree that price is attracted to high volume aka POCs.

On the daily chart, I have 12700 as the next closest POC. 

 

Capture.PNG

post #336 of 616

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.

post #337 of 616
Thread Starter 

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

post #338 of 616
Quote:
Originally Posted by IchibomB View Post

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. 

post #339 of 616
Quote:
Originally Posted by Aznxdgnz View Post

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.

post #340 of 616
Quote:
Originally Posted by BobK View Post

 

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. 

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