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lee kramer

03/03/04 11:48 PM

#213149 RE: Velociraptor_ #213147

The Nq's closed at 1655.50. I'll be looking for a trade shortly.
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lee kramer

03/04/04 12:21 AM

#213158 RE: Velociraptor_ #213147

Hi velociraptor: I read your post and I gotta tell you my head is spinning, my noggin is aching and I've suddenly developed a severe case of locked bowels. No kidding. How do you keep track of all those things? MACD, ADX, waves, some calculus even. Heck, I can barely enter an order. I'm serious Velo. But I say, if it works, use it. If not, wrap it up and send it to your mother-in-law, or better yet, to MY mother-in-law.
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tantal

03/04/04 12:24 AM

#213160 RE: Velociraptor_ #213147

The crux of today's trades was based on the fact that I am looing at a pattern near complete. When you first start a pattern, you'll always make a lot of mistakes because you have little to go on with structure development. However, by the end of a pattern, you can usually have it nailed and can significantly raise the level of success. This is where the bulk of profits come from for me.

That's an interesting insight. I find myself picking out patterns as they are developing very frequently. My problem is that I decide pretty quickly which one I think it will be and suddenly lose my ability to be objective about the pattern.

I'll have to work it in to my disciplinary studies <G> but I'm going to encourage myself to continue to do this but to re-evaluate the pattern every few ticks and make sure I am not playing one pattern when a different one is actually developing.

Thanks for mentioning that.

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