Emini Day Trading - Floor Number Consideration

what-where were your trades during this period? in terms of method - what-where is a possible trade that may have been done that would be the 'worst' setup that occurred?



green dot: floor number reject with mex flow-ttmf hook - through the 738.20 paa price AND into the channel break2 --- that was the setup BUT the trade done is still into the yellow line breakout - it's a pivot entry -vs- pivot trade because of the reject with mex flow up component.

yellow dot1: did you do this trade - maybe calling a yellow line reject? this is the 'worst' setup of the period - this is a reject-breakout against mex flow-into the pmd high AND the blue line 739.30 paa price resistance.

red dot: paa price pmd high startpoint - left-right price break as a pmd swing reverse-initial reverse WITH left side diagonal breakout potential-room to the floor number.

blue dot: this is a right side reject of left side price with mex flow down-matched price failure break - BUT it is also right into the floor number --- IF you read this setup additionally as a failure break setup of the floor number you can take the trade - i would have tried this in that context if flat.

Swing Reverse Or Consolidation Transition

Swing End - Reverse Startpoint

chart1: left side up swing reverses into sell - was there any warning that this could occur AND after the initial reverse was there a base setup related to the reverse price? what-where were the trade setups after the initial reverse - what was the worst setup for the period - what-where were your trades?

reverse 'warning': 718.40 was retesting the 718.30 overnight low as resistance AND the area of the 718.90 open high-718.80 open paa price WHICH was a reject of this price into the open sell - there was a mex extreme cross and then a lower high 718.20 BUT the move couldn't resume.

blue line - red dot: i would also suggest that this is a 'warning' that we would go into consolidation around the floor pivot centerline IF there was no reverse - the key breakout being that of the 2 yellow squares as a triple bottom break of the 716.60 8-4 high AND the price that we discussed before the open as a key shift to support - along with a price specific that we had seen a number of price action occurrences.

was there a base setup related to the initial reverse price-blue line - not as an initial base BUT then the red dot sell became a combination blue line reject - floor pivot break into the 716.60 triple bottom breakout AND with left side diagonal breakout potential after the breakout.

blue dot: IF flat i would do this trade as a 716.60 shift-reject - 715.80 paa price break after the lower high with mex flow down - as a pivot entry back to the left side low.

yellow dots: what was the worst setup for the period - actually there was 2 and that would be the yellow dots. yellow dot1 may be a reject of the 715.80 paa price BUT it is right into 716.60 resistance.

yellow dot2 may be a period triple bottom breakout BUT this is done as a breakout of the lows and consider this entry price -vs- the red dot which is a first continuation to the initial reverse AND the blue dot into the period lows - the breakout is well late basis those 2 setups AND then when 714.40 holds 714.30 as a double bottom the trade then becomes a loser.

Horizontal Breakout -vs- Diagonal Slope

chart1: i have 3 base setups during this period of which one of them is a favorite of mine --- what-where were the setups - which one was the favorite i referred to - what-where were your trades?

did you realize how good of a trading period this was - how there were 2 setups that had combination triple breakouts to trade into?

green dot: floor number break entry BUT as a failure break through the 2 yellow squares AND then into the 2 yellow square triple top breakout which includes the break of the 900ct news high. i called this base because of the price breakout setups - however without them there is no trade except a floor number breakout pivot trade.

of the 3 trades on this chart this is the one that i see done by the most people - this being a frequent response to a consolidation breakout.

red dot1: this is one of my favorite setups - a pmd high startpoint which is also a left price reject [see your closing low from 7-31] - initial reverse price break2 with mex flow AND which is also a right side failure break to the left yellow square price.

of the 3 trades on this chart this is the one that i see done by the fewest people - this being a frequent response to slope and initial base setups which are also left-right selective. this will 'always' be a high odds trade - turn the green dot buy into a double top at the upper yellow squares instead of a triple top breakout - and chances are that trade rejects in the area.

red dot2: floor number reject with mex flow - 2 blue square matched price failure AND then into the 2 blue square triple bottom breakout with rooms to the low. i liked the setup very much AND did it as an addon - BUT i cannot like a trade entry 10 ticks later more than a setup combination like red dot1.

of the 3 trades on this chart this is the one that i see done by more people than red dot1 - this being a frequent response to being flat at the time AND seeing the floor number reject for entry. however when described to me i don't usually hear about the left side breakout setup for continuation that occurs here which is probably what is responsible for the price movement AND makes this more than a right side reject-channel breakout only - that is also 10+ ticks later than a very good setup.

ETF Options Trading

ETF Option Position Modeling

etf-option modeling question: you are long the xyz at 48.00 then on 7-25-2008 with the xyz at 51.00 and volatility of 50% you buy 1 august 50 put at theoretical value. On 7-28-2008 you exited your xyz at 49.75 AND on 8-6-2008 with the xyz at 45.00 and volatility at 55% you exited your put at theoretical value - what are the following?

put cost

exit price of put

total trade profit-loss

http://www.etfoptiontrader.com/

Method Wins - Trader Loses

Did you trade during this period AND IF yes was it profitable?

I see 1 trade in particular that is often posted in the chatroom that could turn the period into a loss - what-where were your trades AND what was the setup combination?

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http://www.thetacticaltrader.com/emini-day-trading-07282008training.html

Emini Day Trading - Breakout Chasing

Breakout Chasing After Missed Trade

consider this chart as an initial reverse-breakout - meaning that there was not a base setup at the additional reverse AND then there was no retrace-break2 to enter in this area on what would be an initial base setup --- in light of this situation was there then a setup to enter the buy swing without breakout chasing AND IF yes what-where were the setups?

yellow dot - blue dot1: yellow dot exit after the yellow circle initial reverse. after the exit i would have liked to be able to buy the initial reverse price test-reject with mex flow up - left channel blue line break2 failure break WITH the left side diagonal to trade through after the break --- the setup didn't occur AND still flat on the left yellow line breakout.

blue dot2 - yellow dot2: the blue dot buy if done would have been a right side reject-breakout into the 52t pmd high-left blue line double top. i considered trying the trade at this location into the breakout trying to partial WITH the clarity of the initial risk area - nothing was done. i never considered the yellow dot - which is nothing more than a high breakout into the 701.70 6-30 high as resistance AND around 20 ticks higher than the initial reverse price.

green dot: left-right blue line failure break as a pmd failure-continuation of the 701.70 price - it is this price failure that i believe gave the acceleration after the breakout = +701.30f -702.50 partial of 12 ticks even at this point --- it was not necessary to risk a breakout chase AND daily price pmd high-swing reverse to still get into the move - like the yellow line-purple dot going into sell AND without triggering the green dot buy.

Emotional Freedom Techniques - Overcoming Fear Of Success

Emotional Freedom Techniques - EFT Discussion

Many people think they are suffering fear of failure when what they really have is fear of success. In fact, I think most are suffering from fear of success masquerading as fear of failure. On what basis do I say this? If I ask my clients or workshop participants to think about being successful and having achieved their goal, then ask them to step into the picture and feel how it will feel, they do not typically report feeling good, most say instead that they feel uncomfortable! They are often hit by massive feelings of anxiety and overwhelm, and tend to report all sorts of negative thoughts coming up such as “I don’t deserve this”; “I’m not good enough”; and so on. This is because they (we) have all sorts of negative associations to being successful. And this is what we want to treat using EFT. Ultimately, unless success - however we define it - makes us feel good, unless we are attracted towards it, why would we want to manifest it in our lives?

Many people, when I question them about their goals, do not really have a totally positive goal at all. What they have is a positive mixed with a negative. The negative is what they believe will come along with the success or that would be required in order for success to happen for them – and in their mind both the positive and the negative are linked together so you can’t have one without the other.

For example I recently spoke with a gentleman who said that if he were to become successful he would lose his marriage! Well if that were truly the case why on earth would he choose to become successful? I counseled him to look at creating a new version of success where he stayed in his marriage (since he really wanted to), as his current version of success was really failure. Like many people he had trouble seeing a new possibility because in his mind the choice was represented as an “either-or” conflict where one side had to win and the other therefore must lose; rather than a “yes, and…” where both sides can win.

Ultimately, if you have not achieved your goals then at some level you probably have similarly confused emotional and energetic connections. Seeking to create alignment so that all parts of us are pulling in the same direction has been a major part of my work with EFT in the area of peak performance. I’d like to outline here for you some ways of going about treating these blocks and barriers so that you can ultimately go for your goals without feeling blocked or feeling like part of you is holding back.

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http://www.tradingpsychology1.com/overcoming-fear-of-success.html