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Re: [RT] Fri aftn



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Oops... sorry Howard and everyone... I meant for the last email to be 
private to
Howard.  At least I forgot to attach the article!... that's good!
Repentingly,
Brian

At 12:07 PM 7/28/2001, you wrote:
>RT's;
>
>I think time of day is one of the most critical elements of finding good
>trades in the SPoo's.  The liquidity is there in the first hour and 1/2 and
>ususally the pit starts filling in again around 2 to 2:30 est.
>
>I used to sit there ALL day watching the market.  I felt I MUST put in a
>"full" day.  An very successful experienced trader pointed out the problem
>with this compulsion... boredom (leading to initiating trades that shouldn't
>be taken for the reason of "If I'm sitting here I should be trading")
>burnout (reducing concentration levels during times of day when you should
>be most focused), and frustration  (caused by watching random moves/trends
>that you miss but don't fit your trade criteria to begin with).
>
>I also believe that Market Profile helps in identifying the type of day from
>the opening tick through watching the development of value areas and daily
>range.
>
>Howard
>
>
> >From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> >Reply-To: realtraders@xxxxxxxxxxxxxxx
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Subject: Re: [RT] Fri aftn
> >Date: Fri, 27 Jul 2001 14:21:04 -0500
> >
> >Thanks Earl
> >
> >That's a good one, reminds me of when I was learning to fish commercially,
> >something I did by buying a fishing boat and discovering all the mistakes
> >it's possible to make in the world's oldest profession. It was a matter of
> >years before I discovered the mechanism by which I could drive around and
> >avoid the schools of fish. Now that I know what to look for it is easier to
> >find them.
> >
> >I am pretty good at avoiding good trades in the same way; I trust my
> >"dogged
> >perserverence" will eventually train me to troll into the good ones, which
> >phrase was triggered by your barking dog.
> >
> >
> >
> >
> >----- Original Message -----
> >From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Friday, July 27, 2001 14:07
> >Subject: Re: [RT] Fri aftn
> >
> >
> > > My comment brought something else to mind which might be worth sharing.
> >When
> > > I have my data feed running and I'm sitting there watching it, my
> >instincts
> > > are akin to a beagle ... if something moves it's time to bark and hunt.
> >I
> > > refer to it in my trading notes as "Barking Dog" syndrome and is the
> >number
> > > 1 item in my list of losing habits. I find that aside from self control,
> >not
> > > watching the market when it's wandering is a good cure.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > > To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Friday, July 27, 2001 1:00 PM
> > > Subject: Re: [RT] Fri aftn
> > >
> > >
> > > > The trading day was likely over on the failed weak attempt to punch
> > > through
> > > > overhead resistance and reach 1221. I shut down my feed rather than be
> > > > tempted by some false breakout from the chop .... market will still be
> > > there
> > > > Monday.
> > > >
> > > > Earl
> > > >
> > > > ----- Original Message -----
> > > > From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Friday, July 27, 2001 12:50 PM
> > > > Subject: [RT] Fri aftn
> > > >
> > > >
> > > > > I'm not much of a tape reader, but I am getting the impression that
> > > there
> > > > > are lots of people wishing the bell would ring right now.
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
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> > > > >
> > > > >
> > > > >
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> > > > >
> > > > >
> > > >
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
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> > > >
> > > >
> > > >
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> > > >
> > > >
> > >
> > >
> > >
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> > >
> > >
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> > >
> >
>
>
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