ok, so you need to pull off a few trades,
- swing, although how would you have known that the PPI numbers would have been ok?
- intraday, you set the macd to 15m because that's your new experiment, 10=good, 15=ok, 20=bad
- oh yea and the open...how are you going to do that though? well it's just the continuation on with the macd, so the macd is ... well on TOS the macd actually shows green momentum on the 10, 15 & 20
you know, another thing you could do is, you could change the norm depending on conditions, so like
- if it's not great/ok, then you start on the 15m, that's the norm, and you need to corroborate on the 20 and maybe even the 30, whereas
- if it's not bad, the 20 is the norm, and you need to corroborate on the 30 and maybe even the hour, whereas
- if it's good, the 10 is the norm, and so on
that's a question you're still having to answer,
- is it safer to buy the continuation off of the open, or to wait?
- what is the ratio of continuation moves to fake outs in the first 30min?
- are fake outs in the 30min/false continuation moves correlated to bad days, so that if I can pinpoint market sentiment, then I can opt to not buy in during the first 30min?
I bet you there's a third? element to it too, that you need to take profits earlier in a bad market, so like
- good market, 100%, 10min macd
- ok market, 75%, 15min macd
- bad market, 50%, 20min macd
except you would have missed that 100% put the other day...since yesterday was bad?
I'm labeling today OK
and then there's that paradox last night that thank god didn't keep you up, since if a 20min macd is telling you to buy, you'd probably still have to wait for a buy signal on a lower time frame, so then paradoxically you'd need for it to be waiting for it to go lower, which COULD contradict the entire thesis, so lower is both good and bad simultaneously
1, 2, HOD
72.5 c, 1700, 10, 8%, 9%, why? because the macd was open? trending higher? on the literally... on the 10, 20, $ 30, 14%, 2%,
calls from yesterday holding up well...oh that's because they're both in the money...
from the swing yesterday, the one with the closer expiration is up higher, 5%, these are the calls
still showing strength on the 10, 15, 20 & 30
higher high, higher low on 10min
loosing momentum on macd on other time frames
just went green on the 30min, volume went green on 30min, let's see if it can get to a 3rd BOHOD
5min to go before the 30 min candle is done...
it might have been less risky to just wait until this 30min candle is done and then base the decision on the 30min candle, or to go in on the breakout of the HOD
you could also use the first 30min candle to determine what time frame to use
there ...we...i think that was 3.. .88 472.88, I think it was .74 now it's .88...if not it was right up there,
red again
going to be total indecision on this candle, spinning top
?
losing momentum on the 30
if it takes out the LOD I'm out of all calls
14%
taken out hte LOD like 2 times now
probably lost like 20% on that first call
ok, so we're going to retest the POC? point of control? we did that the other day too...
btw, you have no macd cross on the 10, none on the 15, on the 5, yes, for sure, no on the 20, and so on...
the POC must have shifted upwards...it's at 471 now...interesting
you got rid of all your puts, I don't think it's going any lower, the POC was at 470 but it shifted due in AH
the put you did off of the LOD was a very good trade, when it broke the LOD after the 30 min candle you rode it down to the volume shelf for like a 15-20% gain
oh shit, oops, it's at 470
taking calls down here, don't see it going any lower
down 8%, 8.72
9%, 6%
you're not day trading this though...
that didn't work out
there was too much going on this morning, trying to do too many types of trades, it was super distracting and you ... you missed the big move as a result
but the problem is too that you were working with the volume shelf too and the macd strategy doesn't need the VS in order to work
ok, we'll see if this was a good decision or not, you got in because of a cross on the 5, none on the 10, you were up like 14 % at one point (and didn't get any lower than 1.72%, so kudos), but you got out because volume wasn't increasing AND there wasn't that much room to the upside because there was a volume shelf there, slightly up higher
looks like a good trade so far, although this could be a flag technically
...or no maybe rising wedge?
could also be rejecting the VWAP
you have this intimating that watching price action might make you too emotional, like what if you just watched the macd? ok, we've got a green one on the 5, oh no, it' red get out, ok, green one on the 5, ok cool, green on the 10 too...<-example
yea and it consolidated yesterday too forever, could build a volume shelf here...
POC is lower here than yesterday, or at least right now...since they change apparently????
yea, looks like you made the right call on that call, macd is stalling on the 5 and we just broke below vwap...
breaking back down below 9ema now...
another example of how on a bad day you don't want to reply on especially the 5macd
you've made some good trades today but going forward you need to concentrate on just one strategy, not first 30min/continuation from PM, not swing, but intraday first reversal
but what if there's OBVIOUSLY a continuation?
rejection of the 9ema...
interestingly, that rejection didn't pan out even though it had good / above average volume
the sad part about today is, if you had just listened to your own rules and used the 10macd straetgy, you would have gotten that big move, you're investing too much, caring too much
∞§
30min candle, fear gauge, I wonder if I can change the timeframe of the macd based on the first 30min candle
or the fear gauge
or maybe a sentiment analysis of twitter or reddit?
or the autofill on twitter
or vix
or bitcoin
or fear and greed
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