heavy metal and farming southern style

 

just some pics from my travels. this is embraer's lineage 1000 based on their e-190

 

that's my baby. my job is to get that bad boy around, set it up, make it look pretty. next stop NYSE!

phenom 300 with the legacy 500.

 

my companies 4,000 acre farm in southern georgia. they grow peanut, cotton, and some tobacco. this is also where we house all our mobile marketing trailers and materials. that complex has 2 or 3 guest houses, tennis court, waterski lake, 3 horses, atv's, dirtbikes, shooting range, etc...basically everything them country folk could desire. the owners of the company are very generous and allow us to use anything and everything at any time. 

 


they thought i was there to feed them so they came into their stalls. silly horses, i'm scared shitless of you. there is no way i'm going to feed you. 

a bale of cotton? i don't know what you call cotton when it's packed the size of a trailer, lol. it is amazing how soft the cotton is right of the plant.

traveling

i'll be traveling for a bit. if i get some cool pics i'll try to post 'em.

trade well.

MOS: I thought possibly I good get a turnaround like the 11:15 doji. Bought after it broke real body of doji. Held for over an hour and then doubled up as it broke local highs. My plan is to enter/exit based solely on the 15min and use the waves of the 5 min to add. Here instead of adding, I actually exited half the shares. I just felt I was holding too much size. I hadn't fully accepted the risk of the second add. According to the plan, I should have been adding at that point. I closed it early because I thought the market was going to collapse and I wanted to concentrate on RIG. Maybe concentrating on one stock is what drives me nuts. All my eggs in one basket. I may have to adjust the idea of the 15min entry/exit. It ruined the RIG trade. I may have to accept an exit with double confirmation of the 5 and 10.

RIG: I like the first short. The second add was an "excited" add as it was breaking recent lows. Ideally, the add should have come after the pop. The third add I actually like. I can't tell if it broke the lows of the prior bar, but it looks like it may have and then went up. All the exits were on their respective stops from each add. At the bottom of the move, there wasn't a huge volume move with RIG but the ticker was running red at this point. I was actually waiting for a -1000 tick, but it never came. Hence no exit. I will say, seeing the 5 doji, and then the 10 doji all I wanted to do was exit. But, I convinced myself to push through the pain. That I am never going to make more money by taking these profits. I will tell you, I felt like throwing up, honestly. I was in such discomfort not closing the trade, but I said to myself  "you got to work past this". Oh well, looks like I was wrong. This is what happens. Every time I push, I give it all back. Going back to the double confirmation from the 5 and 10, maybe on the 15, when the new bar (preferable the opposite color i think) closing the exact same size or larger than the previous bar, it is a signal to get out. I was waiting for a doji, hammer, or -1000 tick that never came. The swallowing effect of the new bar I should take into consideration for now on. Lesson learned.

All in all I have to say it was definitely a learning day. I was for sure second guessing everything I was seeing. I think that came from the confusion I was seeing in the market. Was it going down more, was it double bottoming, what is happening. I also passed up a few trades which never set up properly so I feel good about that as well.

Good luck tomorrow.


Nice double bottom here.

Going to write up charts later. Down day but no problems here. I didn't catch enough trades to get the probabilities in my favor. It is nice to know that no matter what, there is always opportunity. For me, I think its a matter of not losing patience or getting bored waiting around for setups. When you first start trading, everything is mesmerizing. Even for the first year at least. All the pops and drops. Now, I am at the point of just stalking the best charts. And there are only a few a day. And then to sit around and wait for them to setup is boring. Music helps but maybe i need to start crocheting (sp?).

ACN: My first instinct was to short this chart. Then I started questioning myself, thinking back to yesterday's discussion with DTF. Maybe this was a directional change, double bottom (in the middle, i don't know if that counts) and this was just a small turn down in a larger, new uptrend. All those thoughts were based on the 5min. Because I have been trying to find the signal on the 15, but time it better using the 5. Example, the 15 shows me a signal to go short but the 5 is slightly bumping up. I would wait until the 5 rolls over as well. I don't know. After debating for about 5 minutes I said to myself this was crazy. Just pass it up. Then i said, no, just go with your original plan, the gut trade. As you can see, it went down and bit and then starting to swing back up. I reversed the position and got stopped out. If there had been more direction on the chart, I would have made money. But the range was so small, no money was to be made.

WLP: I was trying to compare this doji to the AGU doji. I traded neither. Although I was very close to pulling the trigger on the AGU. Here is the difference, WLP doji'd and the next bar went higher. AGU doji'd and the next bar went lower. Simple as that. Most likely, I would not have taken the long in WLP at that time. The signals are the 11:30 and the 2pm candle.

AGU: Boy, perfect doji. And in inverted hammerish candle on the 10 around 12:30. Why oh why would I not trade this. I know I saw it late, but the stop was within reason to at least take a 100 shares. I know the reason, preconceived notions that the stock wouldn't go far enough. Later on, I tried to take her long after a hammerish type candle. I got stopped but you need to realize when I got in, the 15 bar was solid green. I was ready for a run back to the top. Checking now, maybe I should have checked out the 5 min, lol. Wow, I'm a dope.

ANF: Beauty. Short around 12:30 and double up every little pop.

CNQ: I'd take it again no problem. Probabilities working themselves out.

CTSH: I thought she was ready to roll back over. The first exit is because I took on too much share size. Maybe looking back, there was no definite direction. In the morning, I'm going up, then I'm going down, now i consolidating.

INFY: Another beauty.

PLCE: Another beauty.

Q: choppy mess.

SPY: I'm surprised you can see the stair stepping better on SPY.

Overall, an okay day. Just missed opportunities. Traded pretty well. No regrets. Opportunity is there everyday. I just hope I don't lose my edge while I'm away. For sure, I'm going to have to check the markets everyday to find the good charts and put 'em up. That should keep me convinced that my edge is working.