tag:blogger.com,1999:blog-709390629316238746.post854439340555678405..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Monday Notes - Tidy DayDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-709390629316238746.post-65815340457348027262009-06-09T20:17:43.739-04:002009-06-09T20:17:43.739-04:00Roger: Short Squeeze is when you line up a bunch o...Roger: Short Squeeze is when you line up a bunch of "weak hand" short sellers who have to buy back the stock at some point... against a group of stronger hands that have a demand for stock that far outstrips the available supply at the time. With all of the weak hand shorts having their buy stops lined up in the same general areas... the exhaustion of selling and continued buying will blow out all the buy stops... creating a huge ZoomZoom effect of buy stops firing off one after another. <br /><br />I dont know if you'd find that definition on Google... but that's my definition.Stonehttps://www.blogger.com/profile/15650963427069035127noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-5862152601942593322009-06-09T11:58:34.655-04:002009-06-09T11:58:34.655-04:00What exactly is a squeeze and how do you profit of...What exactly is a squeeze and how do you profit off of it?<br /><br />Also do squeezes happen in every market(fx, staocks, futures, etc..)<br /><br />Really enjoy the blogroger perdactorhttps://www.blogger.com/profile/13335665636951587501noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-15659780192647385122009-06-09T05:03:12.231-04:002009-06-09T05:03:12.231-04:00Hi Rick -
Probably better to refer you to any of ...Hi Rick -<br /><br />Probably better to refer you to any of the technical analysis resources on the web. Just google NYSE TICK.<br /><br />I use it a number of ways to gauge market strength and time entries, including looking at price vs. TICK divergences, TICK retracements during trend moves or breakouts to find wholesale entries, +/- 1500ish extremes after stuck traders have finished fueling a squeeze, etc.<br /><br />As with anything, it's more an art than science.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-49604546417107085782009-06-09T01:54:16.168-04:002009-06-09T01:54:16.168-04:00I am fairly new to trading and really enjoy your b...I am fairly new to trading and really enjoy your blog. I had some questions regarding your tick indicator.<br /><br />What exactly is the tick indicator that you speak of for divergence and how exactly do you use it.<br /><br />Thanks for the help!Rick Honneycuthttps://www.blogger.com/profile/16378477541782064071noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-45642559132842661032009-06-08T22:56:31.374-04:002009-06-08T22:56:31.374-04:00Tko asks a great question and Don, as usual, gives...Tko asks a great question and Don, as usual, gives a terrific answer.<br /><br />I think Pros like Don have a sense of high odds reversal areas based on price and time and intuitively understand the nature of one side "capturing profits".<br /><br />The other 99% of us force the 33, 39 area instead of waiting for 43+ if we were interested in taking the profit taking contra.<br /><br />It's not just about lines on a chart as they say...<br /><br />I'm learning a lot from the smart traders who post here.<br /><br />Steamroll, great analogy.Ehttps://www.blogger.com/profile/06463951546301302868noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-1610829340143684462009-06-08T21:28:47.111-04:002009-06-08T21:28:47.111-04:00tennisguynyc -
From a trading persepctive, my res...tennisguynyc -<br /><br />From a trading persepctive, my response will almost always be "I don't know, don't care, and it doesn't matter".<br /><br />A range was broken, shorts were stuck, offers were lifted, etc. etc.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-58804984541563779042009-06-08T20:30:52.457-04:002009-06-08T20:30:52.457-04:00Don,
any idea what triggered all of that buying a...Don,<br /><br />any idea what triggered all of that buying at the end of the day? If the market gapped down on negative sentiment, what would change the mind of the market so differently only hours later?tennisguynychttps://www.blogger.com/profile/06574242969094736814noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-73306155154990140852009-06-08T19:42:49.425-04:002009-06-08T19:42:49.425-04:00Thanks, Don. I wasn't clear, but I thinking ab...Thanks, Don. I wasn't clear, but I thinking about the tools you use. Good information, nonetheless!Unknownhttps://www.blogger.com/profile/07120574580726436602noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-52474572405891986622009-06-08T19:06:30.990-04:002009-06-08T19:06:30.990-04:00Ron -
Depends on the setup. In today's case...Ron - <br /><br />Depends on the setup. In today's case, volume on the 3:34pm vs. 3:24pm (ET) spikes was far lower, and the TICK vs. price divergence (much higher price ... weaker TICK) was screaming.<br /><br />Most important of all, I saw it, FELT it, and instinctively reacted ... and that's what's been missing from my trading lately.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-91830297096867066802009-06-08T19:01:31.435-04:002009-06-08T19:01:31.435-04:00Tko -
Who knows, as I've probably made as man...Tko -<br /><br />Who knows, as I've probably made as many mistakes as anyone giving this a go over the years.<br /><br />I suppose competitiveness, hating to lose (ask my wife), and immersing myself come to mind ... this year being solid evidence of how results can slip when not as committed.<br /><br />That and maybe refusing to stay down no matter how hard the hit or how sick the feeling. (I guess if I had to pick one, that would be it.)<br /><br />You're right in that it's not the indicators, although you certainly need to know how to read the dashboard if you're speeding around the track.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-56604124494216197082009-06-08T18:46:26.192-04:002009-06-08T18:46:26.192-04:00Glad you played it well in the last hour. What do ...Glad you played it well in the last hour. What do you use to watch volume and TICK?<br /><br />RonUnknownhttps://www.blogger.com/profile/07120574580726436602noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-62318436462831784032009-06-08T18:30:57.118-04:002009-06-08T18:30:57.118-04:00Hi, great blog.
Question for you if you don'...Hi, great blog. <br /><br />Question for you if you don't mind. What do you think allows you to be successful trading the ES where 99%(probably an accurate number) of those that try can't make it work. What are those couple very important attributes do you think? <br /><br />It obviously can't be your technical indicators or commissions or some secret holy grail system that only you know about. What is that thing?<br /><br />Just trying to pick your brain a bit.<br /><br />Thanks<br />tkoTkohttps://www.blogger.com/profile/07574817936856430933noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-45068071735589225342009-06-08T18:30:30.922-04:002009-06-08T18:30:30.922-04:00Just a follow up to star's post as even I'...Just a follow up to star's post as even I've been finding myself on the retail/chump side of a few trades more often than I can remember in recent weeks, and/or "just missing" the sweet spot and fouling off pitches instead of hitting doubles off the wall based on either catching the breakout trade OR waiting for the final, final exhaustion surge.<br /><br />It's definitely been a breakout game lately (not my forte, UNLESS we get a solid quick initial pullback which we didn't this PM) within the longer term range, and very easy to get steamrolled if you're even slightly off your game.<br /><br />Just my thoughts as always.Don Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-82802069677027323442009-06-08T16:55:30.493-04:002009-06-08T16:55:30.493-04:00There were about 12 reasons till Sunday to short 4...There were about 12 reasons till Sunday to short 46, most obvious trade of the day after the runup. Had to figure the biggest chumps in the room were on the other side of that one, no offense to the other poster, just a card analogy.B.S.traderhttps://www.blogger.com/profile/03979480641094457933noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-18574439570024989242009-06-08T16:48:52.036-04:002009-06-08T16:48:52.036-04:00Mike -
Sorry to hear. I've certainly been ea...Mike -<br /><br />Sorry to hear. I've certainly been early on many types of entries a lot lately, and am working on that myself.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-87240552314272376762009-06-08T16:42:25.950-04:002009-06-08T16:42:25.950-04:00Don,
Glad you did well in the last hour today. I...Don,<br /><br />Glad you did well in the last hour today. I did the opposite and had my head handed to me. :( <br /><br />Eventually, I will be able to do much better like you and wait for extreme emotion, instead of being too early.<br /><br />Thanks for your comments every day.<br /><br />MikeUnknownhttps://www.blogger.com/profile/18264988980049175106noreply@blogger.com