The World according to Cartman

MRC & Co · 30 March 2009

Were you watching DOM Can?

79850s on S&P may have been an iceberg or size........wasn't watching, but potentially an opportunity where you could have recognised a resistance in that instance through DOM without even having it on a chart yet. Could have tested that level far more than the 5 times you get to see by watching a 5 minute chart or even a 1 minute chart for that matter. Could have taken flicks off it with a 1 tick stop..........

Just one more way DOM can be useful and a way in which you can take advantage of little levels like that with tiny profit targets and tiny stops on a leveraged instrument.........

That's all my tips for now.

GL.

Bobby · 30 March 2009

MRC & Co said:
Were you watching DOM Can?

79850s on S&P may have been an iceberg or size........wasn't watching, but potentially an opportunity where you could have recognised a resistance in that instance through DOM without even having it on a chart yet. Could have tested that level far more than the 5 times you get to see by watching a 5 minute chart or even a 1 minute chart for that matter. Could have taken flicks off it with a 1 tick stop..........

Just one more way DOM can be useful and a way in which you can take advantage of little levels like that with tiny profit targets and tiny stops on a leveraged instrument.........

That's all my tips for now.

GL.

That was a very good post MRC , like your opinion on trading ( SPI ) by following what the physical is doing ? Yep different time frame lag I know but always self correcting it seems for those of us that don't place stops ...

CanOz · 31 March 2009

MRC & Co said:
Were you watching DOM Can?

79850s on S&P may have been an iceberg or size........wasn't watching, but potentially an opportunity where you could have recognised a resistance in that instance through DOM without even having it on a chart yet. Could have tested that level far more than the 5 times you get to see by watching a 5 minute chart or even a 1 minute chart for that matter. Could have taken flicks off it with a 1 tick stop..........

Just one more way DOM can be useful and a way in which you can take advantage of little levels like that with tiny profit targets and tiny stops on a leveraged instrument.........

That's all my tips for now.

GL.

Sorry mate, you lost me, i had a phone call when the S&P topped out and rolled out of that channel. Anyway, thanks for the posts Mr.C

CanOz

CanOz · 31 March 2009

That gap fill this morning looked like a good shorting opp, then a drive down through the "big" number and a test of the pivot, good place to exit? Maybe watch the DOM for some support and a drive up off the pivot? If there is a failure there then maybe a pivot break after lunch?

Cheers,

CanOz
Sorry for the thread high jack Cartmen.

BBand · 31 March 2009

Great thread guys!!

Good for the nonconformists, they can hopefully express an opinion and have less chance of being bullied just because they have different beliefs than the crowd, and can think for themselves

One of the main things that I have learned from you, and which I have applied successfully to my trading, is the importance of exiting a trade if there is no follow through from the entry, without having to wait for the stop loss to be hit

i.e. The early part of a trade is the most dangerous.

I am an EOD trader

Cartman · 31 March 2009

CanOz said:
CanOz
Sorry for the thread high jack Cartmen.

Firstly, Cana, there is only One of me !! (i hear a few Hail Mary's from afar ) lol ---

M8, we Gay, Galah Fruit Bat types are more than happy to have the likes of you around here posting whatever and whenever you like ---

you will no doubt raise the tone of the thread several levels !! It currently sits at minus eight; i have a stop loss set at minus eleven, and will take profits at break even

BBand said:
Great thread guys!!

Good for the nonconformists, they can hopefully express an opinion and have less chance of being bullied just because they have different beliefs than the crowd, and can think for themselves

g'day BB. glad something positive has come out of all our babbling !!

Agree, all opinions have merit, and all differences of opinion that create constructive debate have merit ----

i had merit once but the Doc gave me some antibiotics; cleared it up in no time !! Cheers

Trembling Hand · 31 March 2009

CanOz said:
Sorry for the thread high jack Cartmen.

I think they were the name given to the men that came around early each morning dragging carts down the blue stone back alleys emptying the sh!it filled buckets from dunnies??

I could be mistaken

tech/a · 31 March 2009

and will take profits at break even

Genius!!

Cartman · 31 March 2009

Trembling Hand said:
I think they were the name given to the men that came around early each morning dragging carts down the blue stone back alleys emptying the sh!it filled buckets from dunnies??

I could be mistaken

U know my family !!

tech/a said:
Genius!!

haha ---- well spotted Tech ----

Wysiwyg · 31 March 2009

Did they use mules in those days?

CanOz · 31 March 2009

Sorry Cartman, i actually noticed it too, and i did a lazy and said, stuff it....thats bad i know.

Great day with some screen time today, is there a better thread to learn about this scalping stuff? I'm still going through the nothing to something thread.

3600 got defended pretty good!

Cheers,

CanOz

MRC & Co · 31 March 2009

Bobby, I would follow cash, but don't give it too much weight, important cash levels and the price movement around those levels are key. I personally find you get better keys through this, than through levels on the futures.

Can, I don't think there is much on the net on this scalping stuff (don't get confused with that either, just because you scalp, doesn't mean you can't run positions if you have conviction), I've searched multiple forums, but there isn't really much on it, probably due to the new nature of level 2 data to retailers for the first time and quick enough execution to actually react to that (IB). TH posted a couple videos in the SPI thread about how size attracts size and one where you can clearly see a price level being defended (that was 3300 I believe).

I reckon screentime is the key with it at first (still doing mine). Just relating the DOM to levels on the chart and the actions and reactions. DOM just provides a crystal clear breakdown of all the underlying moves actually happening on the chart.

Bobby · 31 March 2009

MRC & Co said:
Bobby, I would follow cash, but don't give it too much weight, important cash levels and the price movement around those levels are key. I personally find you get better keys through this, than through levels on the futures.

.

Thanks MRC for the above
The only thing that bugs me is that although I constantly watch the cash to confirm a trade setup ' I'm being beaten by 3 or 4 seconds as price moves away , its frustrating ..

It's Snake Pliskin · 1 April 2009

MRC & Co said:
Bobby, I would follow cash, but don't give it too much weight, important cash levels and the price movement around those levels are key. I personally find you get better keys through this, than through levels on the futures.

Can, I don't think there is much on the net on this scalping stuff (don't get confused with that either, just because you scalp, doesn't mean you can't run positions if you have conviction), I've searched multiple forums, but there isn't really much on it, probably due to the new nature of level 2 data to retailers for the first time and quick enough execution to actually react to that (IB). TH posted a couple videos in the SPI thread about how size attracts size and one where you can clearly see a price level being defended (that was 3300 I believe).

I reckon screentime is the key with it at first (still doing mine). Just relating the DOM to levels on the chart and the actions and reactions. DOM just provides a crystal clear breakdown of all the underlying moves actually happening on the chart.

MRC,

I tend not to read every written word due to time impracticalities, but is the Condom (couldn't resist) an intraday way of trading or can it be a daily way? I know nothing of it and I may be inept in my daily approach but I will listen to what is displayed.

Cheers.

Trembling Hand · 1 April 2009

It's Snake Pliskin said:
MRC,

I tend not to read every written word due to time impracticalities, but is the Condom (couldn't resist) an intraday way of trading or can it be a daily way? I know nothing of it and I may be inept in my daily approach but I will listen to what is displayed.

Cheers.

Nope intra. very short term.

CanOz · 1 April 2009

TH, have you got a link to the vids you posted a while back, i searched last night with no luck...interesting threads about though.

Later when your not working is fine

Cheers,

CanOz

PS, WTF was that that just went though!!

Trembling Hand · 1 April 2009

CanOz said:
TH, have you got a link to the vids you posted a while back, i searched last night with no luck...interesting threads about though.

Later when your not working is fine

Cheers,

CanOz

PS, WTF was that that just went though!!

From about here,

https://www.aussiestockforums.com/forums/showpost.php?p=389646&postcount=2822

GM announcement was all that movements on futs & FX

It's Snake Pliskin · 1 April 2009

Trembling Hand said:
Nope intra. very short term.

TH that was easy to read and understand. Thanks for the clarity. My study has been made easier and that I feel good about.
Cheers..

MRC & Co · 1 April 2009

Trembling Hand said:
GM announcement was all that movements on futs & FX

Tankan, followed by that GM announcement, followed by a farkup and the statement being pulled.

Who said not to trade news?

nunthewiser · 2 April 2009

long gold? tight stop @ 92650

The World according to Cartman

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Home runs feel good, but base hits pay bills!

CanOz

Home runs feel good, but base hits pay bills!

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BBand

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Home runs feel good, but base hits pay bills!

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It's Snake Pliskin

Trembling Hand

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CanOz

Home runs feel good, but base hits pay bills!

Trembling Hand

Can be found on the bid

It's Snake Pliskin

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