tag:blogger.com,1999:blog-847353783015972405.post4092937910136775799..comments2023-12-05T23:36:32.393+00:00Comments on ElectronicLocal: Another Post About ExitsElectronic Localhttp://www.blogger.com/profile/10539999419310383613noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-847353783015972405.post-37896892875449511162010-05-14T13:24:24.569+01:002010-05-14T13:24:24.569+01:00Andreyyy, you are trying to make this too hard and...Andreyyy, you are trying to make this too hard and complicated. It's real easy. I just watch for order flow and momentum to change or continue. There is so much volume being traded for all sorts of reasons including both program trading and arbitrage that to try and firstly identify the type of trade and secondly what would shake it out, is too hard, and not required, at least by me. The more complicated you make it the harder it is to see the true order flow. I just trade what I see aand know when I have broken a major support it will likely go to the next one.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-2769528791510207442010-05-14T12:38:21.972+01:002010-05-14T12:38:21.972+01:00Tom, and, please, last one question for today :). ...Tom, and, please, last one question for today :). There is some known cumulative delta and volume studies, as a VSA, Wyckoff works and so on. As you surely know, markets moves because large players accumulates and distributes INVENTORY which is accumulated/distributed at certain levels. It's very difficult to track it, but some observations of cum delta could help. If you have traded for at least 5 years you are feeling this processes observing how price is capped or how the floor is placed under some level. For example, if you'll take a look on yesterdays cum delta we could observe obvious large distribution which have taken a place from a london morning near a ~1170 level. EVERY rally was capped and cum delta was falling even if price was rising. On these days i'm very cautious and don't trade long if i keep in mind that a distribution takes place. I keeped in mind yesterday, that there were VERY HIGH probability of the sudden fall at any moment with such a large shorts accumulated and that Goldman Sachs or JP Morgan wants to break this market to the downside. It was very difficult psychologically for me to take any long trade, when i see the situation like this. So here is a basic question - have you ever tryed to trade inventory, to observe these levels where large players does business; keeping in mind in which direction they want to drive the price and to trade just in this direction even if there is long signal as in my previous question near 1168.75 from the yesterday. Does any floor traders trade this thing? p.s. Today i see that even more shorts were accumulated and there is ~70% probability to get a sudden break to the ~1100 zone. Thanks for the insight valueble info you are providing to all of us!Unknownhttps://www.blogger.com/profile/16034139149988229449noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-67241912994316677372010-05-14T11:13:57.542+01:002010-05-14T11:13:57.542+01:00Anon, no change. 2 points is usual first scale out...Anon, no change. 2 points is usual first scale out point but if the s or r is at 2.5 I use that. Whatever is logical around that area but minimum 2 points.<br />Andreyyy. I had stopped trading but would have taken the trade and reversed on the 4th bar after that for 1.5 loss and then had an 8 point ride down. In fact, I was trading my retirement money and put on an ES option trade at around the 1165.00 area.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-52861188102955987062010-05-14T10:59:44.474+01:002010-05-14T10:59:44.474+01:00Tom, still just confused a little bit with a entri...Tom, still just confused a little bit with a entries. Have you ever considered to trade long yesterday at ~ 19.03 london time. Price breaked up emas ~ 18.00 retested emas ~ 19.00 then popped up with a volume concentrated in the upper part of the bar. CCI's suggested that there is continuation of the momentum. Long signal ~ 1168.75? If so, please suggest how to manage this trade, if you were not taken this one, please suggest why. Thanks!Unknownhttps://www.blogger.com/profile/16034139149988229449noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-71765428055539282842010-05-14T02:29:13.764+01:002010-05-14T02:29:13.764+01:00Hi EL
I have noticed lately that you have been sa...Hi EL<br /><br />I have noticed lately that you have been saying "first logical scale point".<br /><br />It use to be the first scale was at 2 points. Have you changed your plan to meet market conditions?<br /><br />Thank you,<br /><br />RockyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-40546262238467398842010-05-13T19:11:16.375+01:002010-05-13T19:11:16.375+01:00Andreyyy, it was an outside in trade. Yes, Kiki is...Andreyyy, it was an outside in trade. Yes, Kiki is doing these now but I haven't showed much ourside in stuff on the blog as they are more difficult. Besides, at the VAL it didn't need much to put the trade on when the gap was open.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-71660512177844716482010-05-13T18:52:07.648+01:002010-05-13T18:52:07.648+01:00Thanks a lot for a clarification, Tom. It seems th...Thanks a lot for a clarification, Tom. It seems that yours best trade of this day ( trade nr. 4 ) was a pure discretionary trade ( as i think price is back to VA and popped from the previous day VAL ). It is interesting does Kiki trade the trades like this? It is really difficult to put on the trade like this then everythink points down ( volume flow, cum volume, CCI is below zero ).Unknownhttps://www.blogger.com/profile/16034139149988229449noreply@blogger.com