T's Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

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pablo101
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Postby pablo101 » Fri Mar 12, 2010 1:48 am

Hey Tmanbone,

I appreciate you journal and your charts, very simple and clean, but can I ask that you write down something simple like bias and reason. It may be glaringly obvious and I may be thinking the same as you when I look at your charts but I just want to be certain.

Thanks!
What line? The line that tells you which way you are trading! - MO

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newschool
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Postby newschool » Fri Mar 12, 2010 1:55 am

bredin wrote:newschool,
"trucks run over bunnies"

G.


If this is right, we should only trade Monthly?

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tmanbone
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Postby tmanbone » Fri Mar 12, 2010 2:30 am

Certainly Pablo I'll start doing that, look at previous chart, I've explained my thinking.

Newschool, you could have something there. Take MO for example, he enters a trade for days, weeks and months at a time. Him being where he is in his trading, I give his thought process serious consideration.
"The simplicity of the markets is it's greatest disguise"

T

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bredin
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Postby bredin » Fri Mar 12, 2010 2:57 am

newschool wrote:
bredin wrote:newschool,
"trucks run over bunnies"

G.


If this is right, we should only trade Monthly?


What is meant is that your odds of survival are that much lower when you step out in front of the truck, and knowing how far away the truck is can save a lot of pain.

Unless you like rabbit stew, of course...

You dont have to trade the geologic timeframes, cos youll be waiting too long for entries, but understanding that price has recently left a high tf supply or demand zone, or there is MOMO on those charts are a heads up to look to trade in a certain direction, waiting for retraces to enter at better prices, and not entering at stupid places like shorting into demand after a price drop.

G.
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tmanbone
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Postby tmanbone » Fri Mar 12, 2010 3:02 am

newschool wrote:I was perhaps asking the question to myself, partially.

But if you see a pattern on a M5 chart, it will obvisouly change along the TF, sometimes confirming your thoughts, sometimes infirming them. Right?


Let me see if I can explain to you how I see trading the 5m time frame in a tactful way. Vision the 5m candle as a mouse and the weekly candle as an elephant, keeping in mind that the mouse has to constantly make sure the elephant doesn't step on him. Nothing wrong with being a mouse but rather than dodging feet wouldn't you rather ride on the elephants back.
"The simplicity of the markets is it's greatest disguise"



T

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pablo101
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Postby pablo101 » Fri Mar 12, 2010 4:20 am

Thanks Tmanbone, I placed my post 'after' your commentary.

tmanbone wrote:Nothing wrong with being a mouse but rather than dodging feet wouldn't you rather ride on the elephants back.


A jab at TRO lol :lol:
What line? The line that tells you which way you are trading! - MO

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tmanbone
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Postby tmanbone » Fri Mar 12, 2010 7:16 am

pablo101 wrote:Thanks Tmanbone, I placed my post 'after' your commentary.

tmanbone wrote:Nothing wrong with being a mouse but rather than dodging feet wouldn't you rather ride on the elephants back.


A jab at TRO lol :lol:


I edited after your post.
"The simplicity of the markets is it's greatest disguise"



T

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tmanbone
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Postby tmanbone » Fri Mar 12, 2010 9:43 pm

Image

Stopped out.

Image

I don't understand why the daily and the weekly trendline would be different. Does anyone know why? I'm also wondering if I were to trade multiple lots, let's say I put in a limit to buy 5 lots at X price, and I wanted to cash in on 3 of those 5 at another price to lock in profits and reduce risk, would I simply put in a limit sell for say 3 lots at X price and let 2 ride. My question is will a limit sell cash me out of 3 of my five lots? Thanks,
Last edited by tmanbone on Fri Mar 12, 2010 11:10 pm, edited 1 time in total.
"The simplicity of the markets is it's greatest disguise"



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bredin
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Postby bredin » Fri Mar 12, 2010 11:06 pm

Was it drawn with the "trendline by angle" tool? I know that tool does not keep precise points between timeframes.

otherwise I have no idea.

G.
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Postby tmanbone » Fri Mar 12, 2010 11:14 pm

I drew it without the trendline by angle tool. I need a trendline class, to make sure I'm properly drawing my trendlines. Thanks Bredin.
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