- CZ6D.JPG (172.53 KiB) Viewed 3529 times
Libertarians take on trading
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- Libertarian
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Re: Libertarians take on trading
v8power wrote:CZ6D.JPG
HAHA, This is DECEMBER Corn futures, the yellow crap in the fields . Thanks for the markup V8, something tells me you've been going for quite a while
From your picture, I take the two marks to be signaling bullish bearish CC and there in lies the Dragon line you are referring to? Admittedly I was late to the party, but I thought the fact that it was above my price pivot and had bounced off of it a couple of times and refused to close below it, price looked supported to me on the "big" timeframe. Also I thought the close over the small Doji was enough to count as something/increase in momentum. Clearly I was incorrect. 25 cent close down on corn today, thats a big move for Ags.
Re: Libertarians take on trading
Libertarian wrote:v8power wrote:CZ6D.JPG
HAHA, This is DECEMBER Corn futures, the yellow crap in the fields . Thanks for the markup V8, something tells me you've been going for quite a while
From your picture, I take the two marks to be signaling bullish bearish CC and there in lies the Dragon line you are referring to? Admittedly I was late to the party, but I thought the fact that it was above my price pivot and had bounced off of it a couple of times and refused to close below it, price looked supported to me on the "big" timeframe. Also I thought the close over the small Doji was enough to count as something/increase in momentum. Clearly I was incorrect. 25 cent close down on corn today, thats a big move for Ags.
Been up since sunday with a few naps My green and red marks was trying to fill the gaps and show you momo that you might have missed. I have been rereading lux thread so dragon lines just popped in my head. But what told me what price was going to do the most is just seeing that same setup day after day. Its how I sell within 20pips of the HID or buy 30 pips within the LOD. pr ice ran out of steam and pushed one last time and said F this.
Re: Libertarians take on trading
I wasn't even going to post at all this week, let alone do mark ups. But after reading your post I felt I had to. So here are some charts that I whipped up real quick that kind of replicate your chart. Yes I sold all those pretty much at the top and will hold till crash zone or HTF zline or for this week if price starts doing crazy stuff cuz of Brexit
- Libertarian
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Re: Libertarians take on trading
First trade back after getting my new account setup.
Momentum on the Weekly
MZ on the Daily
Blue box was the space I lost. Thought is was a good place to be short from. Didn't have Momentum on the daily, but I did have on the 4 hr and I thought it was coming back into a ZL area.
Momentum on the Weekly
MZ on the Daily
Blue box was the space I lost. Thought is was a good place to be short from. Didn't have Momentum on the daily, but I did have on the 4 hr and I thought it was coming back into a ZL area.
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- Libertarian
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Re: Libertarians take on trading
Something lighter
- Libertarian
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Re: Libertarians take on trading
I have been derelict in my duties of posting my trades.
Trying for a ZL trade here.
My setup.
Trying for a ZL trade here.
My setup.
- Libertarian
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Re: Libertarians take on trading
Should be self explanatory
- Libertarian
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Re: Libertarians take on trading
Made a few bucks!
This was a hedge, I got out and was going to run my position up higher. I didn't put the position back on though, because I was expecting dollar strength judging from some different pairs. This is a mistake that I need to correct. I just need to trade the chart. I'm often times wrong, more so in the timing of moves, and I miss out. Something I need to correct.
This was a hedge, I got out and was going to run my position up higher. I didn't put the position back on though, because I was expecting dollar strength judging from some different pairs. This is a mistake that I need to correct. I just need to trade the chart. I'm often times wrong, more so in the timing of moves, and I miss out. Something I need to correct.
- Libertarian
- rank: 150+ posts
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- Joined: Tue Nov 30, 2010 6:32 am
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Re: Libertarians take on trading
This is a really frustrating one. The back story to this is, I had not gotten filled on several trades, where I was right direction wise for what would have been big pips and I ended up seeing price move away without me (a common theme). So I entered on an admittedly shaky 4hr momo, thinking I'll just keep my position on as long as it doesn't move beyond my daily MOMO. So as you can see price moved up to that area and momo'd away, great, price came back and what tripped me up is the small little 4hr bodies that started closing away, I was thinking "I need momo" out of there, and I thought this was a sign that I was wrong in the trade and that it was going to move up and take out some of the held profit on the bigger 5 daily candle MOMO. I was wrong, because I took my small loss thinking I was doing something smart.
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