Feeling considerable FOMO again here 8:47am, looks like a solid bear flag type PA forming and there is ample opportunity to the downside, but I’ve resolved not to trade for the remainder of the month for fear of losing the gains I’ve accumulated thus far. This may be a framework…
Month: August 2022
Study Journal | 8.29.2022 | Monday
Watching Paul Volcker Ray Dalio Video, at 22:08, Dalio says Volcker’s tightening in 1980 caused the greatest downturn since the great depression, but the charts don’t reflect this. There was only a 24% downturn. There was a 50% downturn in 1973-1974 1955 -1985 On weekly timeframes so many patterns seem…
Protected: Charting Journal | 8.28.2022 | Sunday
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Study Journal | 8.27.2022 | Saturday
Need to synthesize & contextualize Jackson Hole fed meeting. What is significant about it, how often does Jackson Hole happen? What is different about it. Need to identify & study each of the Fed chairs of each of the districts, or whatever they’re called, the 12 heads of the banks…
Trade Journal | 8.16.2022 | Tue. | $671.60
First trade, was in bathroom, saw what I perceived to be ‘Head & Shoulders’ type price action on 1m (seeds of my mistake here) hurried back to enter, saw drop manifesting & thought it may have more room to go. Got in, price moved down a bit but then pushed…
Protected: 2. Specialization & Trade
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Protected: 1. Intro to Economics
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Study Journal | 8.13.2022 | Saturday
Still working on building out chart with all fed meetings since 2000 overlaid. Still not entirely clear on yields, yield curve, treasury yields, & the significance they all have on economics & forecasts. Don’t understand what ‘Roll Over at Auction’ means“A SOMA Treasury rollover describes the process by which principal…
Trade Journal | 8.12.2022 | Fri. | $717.90
My best and biggest trade to date. By far the biggest trade on my own, the last largest trade being a swing trade on SHOP that Daddy in Dragon’s chat had called out. I, out of frustration with my performance yesterday, followed my rules that I outlined yesterday. I saw…
Trade Journal | 8.11.2022 | Thu. | -$604.80
You need to take your time to assess what’s really going on. You need to be able to sit idle while determining what’s really going on. Then and only then, once you have a reasonable thesis, you need to act with a reasonably placed stop. By in large you traded…
Trade Journal | 6.9.2022 | Tue. | $67.90
Just one trade & writing this down after the fact (on 8.11.2022 12:24pm). Got in after assuming that price was breaking out of meager consolidation & had sufficiently absorbed supply. Was probably the last person to get a fill on my sell right before price dumped again, so not the…
Trade Journal | 8.8.2022 | Mon. | $35.80
Again, filling this out after the fact (on 8.11.2022 12:30PM) , but remember this trade clearly. Had charts pulled up, was watching rather intently, assuming that break above 4150 would yield at least a small move up, went to take a shit & move happened whilst I was incapacitated. Finished…
Study Journal | 8.7.2022 | Sunday
Building FOMC Meeting chart overlay, the project I’ve been working on the last few weeks. Now referencing actual statements from FOMC to get data. Currently in era after 2008 where rate targets remained at 0% – 0.25% for years. Seeing them push goals back, from 2014 to 2016 on when…
Charting Journal | 8.7.2022 | Sunday
After noticing similarities from 2008 SPX chart yesterday & noting it in this journal, today I see this on Instagram today lmao: The fact that this insight is so mainstream as to be on such a large page curbs my ego & makes me take pause at my ‘analysis’. I’m…
Charting Journal | 8.6.2022 | Saturday
Working on interest rate overlays on SPX & looking back at H&S I plotted out for 2008 crash & most recent 2022 downturn. Looking eerily similar to one another with this moment in time being the retracement before the much more significant fall should this era’s downturn mirror 2008 downturn.…
Study Journal | 8.5.2022 | Friday
Source & Source PDF NY0-35 • DTP Shared 1G • Research & Mt!’IIOS (298) Stanley Druckenmiller Lost Tree Club 1-18-15 Research ReportArmour. Tim, TOA. February 12, 2015 Timothy D. Armour (TOA) February 12, 2015Q_(/ Stan Druckenmiller gave a talk to a small group of people last month. For those who…