tag:blogger.com,1999:blog-847353783015972405.post7649429355048518703..comments2023-12-05T23:36:32.393+00:00Comments on ElectronicLocal: Written Live - A trade in the life of EL & KikiElectronic Localhttp://www.blogger.com/profile/10539999419310383613noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-847353783015972405.post-37754880607590585942010-01-17T07:28:50.630+00:002010-01-17T07:28:50.630+00:00maddog, it was a play at VAL. As soonas I saw the ...maddog, it was a play at VAL. As soonas I saw the order flow turn and the VAL didn't look like holding, I saw that there was enough room on the downside for more than 2 points. That's all I cared for in the short. I then monitored the market for a continuation in the selling which in dact did happen.<br />Anon, Charles Drummond first used dots similar to my MomDots. He was not published but there is some stuff on the web you can read.<br />tom25, I'll post MP splits next week.<br />Edo99, I ha doped I delivered what was on the box: How I am teaching Kiki to trade. If I do another webinar perhaps we'll be able to do more complex stuff now that Kiki is getting proficient.<br />MPconvert, its all in my written trading plan. My TP calls for me to evaluate a trade at the close of each bar. My bias disappears when the market clearly tells me I am wrong.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-88400232385735540072010-01-17T00:56:51.640+00:002010-01-17T00:56:51.640+00:00How long did it take you to gain a feel for being ...How long did it take you to gain a feel for being able to reverse your thoughts from long to short on a dime. It seems to me that this is key. You have to enter with a bias and then be ready to reverse when the market tells you too ? ....any thoughts ?Authorhttps://www.blogger.com/profile/00828169881002489757noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-27081379472880426142010-01-16T18:31:28.952+00:002010-01-16T18:31:28.952+00:00I am just another reader here but I take a big iss...I am just another reader here but I take a big issue with Edo99's comment. It's crazy to me that someone would be disrespectful to Tom and Kiki about the content of the webinar. All they are trying to do is help traders become profitable...moreover, they are not charging for their information, they are taking a generous amount of time out of their own schedules to provide information and you can tell from their demeanor that they are genuinely nice people. <br /><br />Perhaps you are angry because they didn't give you the holy grail to trading. Guess what…there's no such thing! You have to work it out yourself...there is no magic answer! <br /><br />I personally have taken the information that they have provided and slowly, by working hard over the past three months, turned myself from a consistent loser to a consistent winner. I've still got a long way to go but progress is there. Thank you for what you do Tom and Kiki...there are a bunch of us out here who appreciate it. <br /><br />Mike<br />Raleigh, North CarolinaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-1975953026553613182010-01-16T16:23:08.287+00:002010-01-16T16:23:08.287+00:00Sorry -- big disappointed from webinar. I think yo...Sorry -- big disappointed from webinar. I think you should tell in advance that your webinar be some church service or symphonic poem for newbies.Edo99noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-52490695404403396532010-01-16T16:11:18.753+00:002010-01-16T16:11:18.753+00:00Please can you show us a few picture how look mark...Please can you show us a few picture how look market profile before and after spliting.tomi25noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-84713604356663183762010-01-16T15:46:49.829+00:002010-01-16T15:46:49.829+00:00Can you post the name of the book where you read a...Can you post the name of the book where you read about momdots?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-83560155667766296212010-01-15T22:25:37.518+00:002010-01-15T22:25:37.518+00:00i am curious about trade 1....i am guessing you we...i am curious about trade 1....i am guessing you went aggressive against 1144 at close price of 1142.50....now, since you were in trade 2 i wonder what was your thought process while in trade 1:<br />a) possible resistance at 1144 and will see how it plays out....hence, broke even when 1144 shut you down<br />b) you bet at 1144 reversal and hence got 5ticks....if so what gave you clue for reversal at 1144.....this trade then ends up as scalp and you appear as swing trader<br /><br />any feedback is greatly appreciatedmaddognoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-3165548978671475532010-01-15T21:05:44.706+00:002010-01-15T21:05:44.706+00:00Anon, its not the stop that's important. My st...Anon, its not the stop that's important. My stops are rarely hit. I'm out when I see the trade is not going to work. We'll talk about this losing trade tomorrow at the webinar.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-29247464815328922192010-01-15T18:44:37.111+00:002010-01-15T18:44:37.111+00:00Thanks for the reply, I think you are right about ...Thanks for the reply, I think you are right about not knowing how to read order flow delaying my success. I have mainly just been trying to use a volume profile of the current day as well as the past few days to find places where price has been accepted/rejected. I follow VB as well as the DOM display, I'm having trouble figuring out what to believe in the DOM and what to disregard. I try not to get too caught up in it, but I don't know what else to try and follow in order to give me the same information. I find myself trying to pick tops/bottoms too often which isn't a game for a beginner to be playing. But I find myself feeling very uncomfortable making inside out trades as you refer to them because I don't have a close determined place to put a stop loss and when I've tried to place them I often end up taking too much heat on them for me to be comfortable. I appreciate any advice that you'd have for me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-62369271438375177372010-01-15T18:18:23.245+00:002010-01-15T18:18:23.245+00:00Anon, Order Flow is the key. Whatever else you mes...Anon, Order Flow is the key. Whatever else you mesh, if you leave order flow out, not just VB, you will probably be delaying your success. Price is driven by orders, its that simple. How you capture that information is another thing. I don't think I'll ever have the bandwidth to do more than one thing at a time. Today's live commentary was quite short and I went back to trade as normal afterwards.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-5499589933747670542010-01-15T17:58:44.215+00:002010-01-15T17:58:44.215+00:00Have you ever thought about posting on Twitter? N...Have you ever thought about posting on Twitter? Not necessarily posting entries and exits but just thoughts about the markets and the way order flow is going? That would be amazing! I appreciate all you do for this blog and the traders that follow it. I'm currently in the process of meshing a few of my favorite bloggers styles together and your use of range bars and Volume breakdown has been a big thing for me. I'm still trying to learn how to piece the puzzle together but It's coming along I think. Thanks again!Anonymousnoreply@blogger.com