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Swing traders etc get confused when they see longs on Wednesday at 50.70 and then move to 51.90.
Longs on Thursday 51.10 and then move to 51.86. On friday short 50.77 and cover some 50.21.
As a wanna be trader posted some days ago- we are just throwing darts in the air.
Note: I am also short GC. If not short Keep $ chart front and center for next time.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Throwing darts blindfolded is even better while day dreaming. On any given day over a small SAMPLE anything can happen.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
" Will load up from the long side if CL flushes down to 50 area."
No loading up. Small longs. If CL clears ORH and then retest 50 area, will load up. Till then it's just a scalp and not worth taking extra risk for me.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Did some risky shorts OR mid to ORL. 50.24 - 49.90. Find it very hard to short when move down is already in progress. Was looking for longs at ORL. Would post chart but markers are everywhere! Ha .Good luck for rest of day
Why i got out at 50.34 on longs? Uncle Jim Dalton says be ready for 3 scenarios every day. I am flat.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
hi, maybe it's a dumb question on my part, but where do you get the Mid OR = 50.24? in my CHART Mid OR = 50.32 from ORH = 50.81 at the opening at 8:30 am ET through ORL = 49.82. THX
$ kept making new highs and there was no bid for CL. Shorted 49.75 after lunch to see if Push #3 of the move gets completed. Cover some 49.10 and had to bail out on ret at 49.43.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.