Monday, October 22, 2012 10:32:37 AM
TimeFrame Signals/Trading... Gettin It and USIN it are different and been my DOWNFALL, Impatience/Greed/Too much Coffee/blah,blah, JUST as you always say!!
I have known it for 2 years, U are teaching me PATIENCE - Sat on my hands last week - last trade was my option trade a week ago Fri - NEEDLESS to say I missed lotz of money last week, BUT, not killing me to miss as usual, trying to keep the right frame of mind - there is always another signal and another trade, maybe 1 day, maybe weeks OUT, but look for THE timeframe signals!!!
Another problem I have is getting my head in the right mode, you mentioned doing your warm-up exercises in middle of night to hit the ground running each day - I had to drop off a sister-n-law's cat to be spayed on Fri, got back by market open, BUT, fighting traffic n gettin lost did NOT help my HEAD for trading atmosphere.
Not wining or complaining, JUST witnessing to your statements..
Confession Time: I do have some TZA that I have been sittin on for 2 months - nother bad move...
Getting direction correct...even if the NEWS and talking heads and others are talking their book and are not unbiased in there assessment...YOU read the internals...timeframe bias...=direction.
We are looking at daily bias= bearish and weekly playing along=extra push down until daily gets oversold or reverses centerline.
GET DIRECTION first...which your post says you are getting it...
The 3 dimensional chess analogy = knowing the 3 timeframe's BIAS and how to trade based on their bias. A) intraday bias as it relates to daily BIAS, B) daily BIAS as the primary price mover and C) weekly bias as an added push or strength to daily's direction when the 2 agree on direction.
TRIN doesn't have to get positive right away as intraday timeframes all say ready for bounce...just expect TRIN to continue to improve and to "point" direction...same for stochTRIN=stochTRIN smooths the signals and has its own signal lines which makes reading understanding TRIN easier.(yesterday I thought it was slow and sideways forever until went above centerline and upper level. I think ZIKO should copy write this indicator since he was first to make it part of chart and evaluating the TRIN...as a day trading tool nothing beats stochTRIN/TRIN...in understanding the volume adv/decl intraday=intraday bias =TRIN... it must confirm what price is saying...
Learning to wait for 28 minutes into a 30 minute bar, or 1 minute into the next bar to trust the signal is easier to keep in mind also.
Thank You
I have known it for 2 years, U are teaching me PATIENCE - Sat on my hands last week - last trade was my option trade a week ago Fri - NEEDLESS to say I missed lotz of money last week, BUT, not killing me to miss as usual, trying to keep the right frame of mind - there is always another signal and another trade, maybe 1 day, maybe weeks OUT, but look for THE timeframe signals!!!
Another problem I have is getting my head in the right mode, you mentioned doing your warm-up exercises in middle of night to hit the ground running each day - I had to drop off a sister-n-law's cat to be spayed on Fri, got back by market open, BUT, fighting traffic n gettin lost did NOT help my HEAD for trading atmosphere.
Not wining or complaining, JUST witnessing to your statements..
Confession Time: I do have some TZA that I have been sittin on for 2 months - nother bad move...
Getting direction correct...even if the NEWS and talking heads and others are talking their book and are not unbiased in there assessment...YOU read the internals...timeframe bias...=direction.
We are looking at daily bias= bearish and weekly playing along=extra push down until daily gets oversold or reverses centerline.
GET DIRECTION first...which your post says you are getting it...
The 3 dimensional chess analogy = knowing the 3 timeframe's BIAS and how to trade based on their bias. A) intraday bias as it relates to daily BIAS, B) daily BIAS as the primary price mover and C) weekly bias as an added push or strength to daily's direction when the 2 agree on direction.
TRIN doesn't have to get positive right away as intraday timeframes all say ready for bounce...just expect TRIN to continue to improve and to "point" direction...same for stochTRIN=stochTRIN smooths the signals and has its own signal lines which makes reading understanding TRIN easier.(yesterday I thought it was slow and sideways forever until went above centerline and upper level. I think ZIKO should copy write this indicator since he was first to make it part of chart and evaluating the TRIN...as a day trading tool nothing beats stochTRIN/TRIN...in understanding the volume adv/decl intraday=intraday bias =TRIN... it must confirm what price is saying...
Learning to wait for 28 minutes into a 30 minute bar, or 1 minute into the next bar to trust the signal is easier to keep in mind also.
Thank You
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