Emini trading and 'missed trades', or what are really only missed emini trading initial entries since the outcome of the trade is unknown at the time, are at the root of what I think is one of the predominant problems/issues with emini trading. HOW what should be a basic method setup isn't seen and/or implemented real time when necessary AND then method is allowed to become psychology to the extent that method and plan are replaced by emotional directed trading -vs- looking for the next setup - for instance a first continuation trade. AND this is all because the markets moved too fast? Is this really the case, do the markets really move too fast to execute OR does the trader decide too late - does the trader try to evaluate and analyze and determine if they have a trade setup to the extent that they effectively make the markets move 'faster'? Market speed is an issue for sure. My objective in method and trading was to make it 'slower' AND do so for instance with a concept of trade setup/trade trigger, where I have the time between knowing that I have a setup until it triggers to be ready to execute. If it triggers - take the trade AND if it doesn't - 'look' for the next setup. Additionally, having a sensitivity to market conditions and price, 'slows' down the market by giving a 'broader' plan to trading - for instance having a strong down market and 'knowing' where resistance is AND when it hits with a ticki high and rejects, a resumption or addon sell setup will likely occur. Will this be the case - often but not always BUT having this in mind gives preparation time, which leads to better real time implementation. AND if it doesn't occur, so be it , this is about preparation based on market conditions AND not an opinion about what is going to happen, and then 'freeze' me if it doesn't OR 'force' me into a trade to be 'right'. BESIDES trying to 'slow' the market down, I want to be sure that I am able to miss an initial entry and still enter the trade through a subsequent setup. Will this sometimes give a situation where the initial entry gives a profit but the entry used doesn't continue far enough and turns into a small loser - of course - just like the initial entry to base trades also sometimes become losers. This is not the issue - which is the notion that a 3-4-5+ point russell swing was missed, because the initial entry was missed - AND the traders who let themselves 'believe' this, have left method for psychology and many related problems.
(1) HOW are the 2 red dot sells missed but the yellow dot buy isn't missed? (2) did these trades REALLY break too fast - WHEN or HOW much time did the trader have before the trades occurred? (3) IF the trade execution is missed - WHY does that mean the trade is missed - WHAT other subsequent setups occurred that could have then be traded?
chart1: setup-trigger and WHEN do you know you have a trade? consider the red dot1 sell and the pair of blue dots - there is 9 minutes in between those dots - how can the trade trigger too fast if this is a plan setup? you don't like this trade and want a break and hold continuation - look at the 2nd pair of blue dots - there is 6 minutes between them AND really since this is your plan trade you know at the time of the red dot the circumstances that need to occur for your specific setup to trigger - the amount of time between the red dot and the 4th blue dot is 7 minutes. maybe you have no setup plan and maybe you have no 2nd setup if you miss the initial OR maybe you 'freeze' which is a tpsych and not tmethod - BUT these two setups as a pair are not going to both be missed because you do not have enough time. red dot2 was done as an addon - how much time was available to do that trade? the time between the light blue dot and the red dot is 3 minutes BUT the time is 1:20ct AND the floor number was know at the beginning of the day - you knew this price was the low at 9:53/tested at 10:46 and at 11:13. HOW much time was there to know this price - the number of times it has 'bounced' - the current situation of the market? AND oh yeah - the blue dot synched with a ticki low and the red dot addon synched with its breaking and do remember that the es was the 'lagging' market to the downside but was trading in synch. when i think of traderA going long at the yellow dot i first wonder - did they ever do the sell OR is this their catch up trade at the first reverse of a swing that had enough directional strength to give 2 partials to an addon. i can reduce size there and i can exit an addon there BUT i can't go long there - both because of setup BUT mostly because of how it fits the open trade. i could go long the purple dot and just didn't - choosing to exit my addon there and hold the initial - a combination of seeing a ticki high and a willingness of a 'worse' entry price if s1 didn't reject. BUT we are considering time to trade - AND we are considering setup. IF i buy the purple dot - i feel i need to do so with the willingness to reverse back with the bigger swing AND i know that the setup involved will be a combination of a resistance reject with a bear flag break and an indicator resumption AND since i use ticki as part of my setups i will want to see if that combines with the reject. HOW much time do i have to think about this? to begin with - should i be thinking about this OR should i know it AND be reacting/trading the setup i know? regardless - there is 6 minutes of time available.
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