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Going to sit out, see if I get a chance to fade the lows. Or, maybe the test of C excess. Good single-contract net so far, do not need another trade today and need some more info and/or better location.
Can you help answer these questions from other members on NexusFi?
Still flat, missed that move higher, price entered the extreme of range projection which has confluence with key resistance. Watching to possibly fade the top, but still not feeling overly motivated to change where I am. Now solidly above RTH/ETH Vwap and could be establishing a double distribution trend day.
NO, just decided not fading anything at this point. Will look to buy a pullback.
I am not sure if this feeling will last, but last night's post about not feeling any anxiety about trading, from any direction, is still with me. I do not care what it is doing tonight, I did not care that I was missing out today. I felt confident in my trade and my decisions, no fear of missing anything. It was just a task to do and an understanding that over time it will all even out. I made what I thought was enough today, and then was happy to wait until tomorrow. The screen flashed and bars jumped, but I was done. In a very comfortable place right now. And really starting to gel with the new screen layout.
Friday after close. I had a good week, was hoping to break 2x PF today, but could not seem to get there. Lost a little bit on Monday, made it way back Tue, Wed, Thur, Fri. Very content.
I missed a gorgeous setup this morning, that was a tough start, and had a lot of phone calls and meetings today. Very tough to get in the zone, and I got to $500 and could not cross it. Finished $455. Lost, made it back, lost, made it back. Then quit. The afternoon action was very choppy and mostly sideways.
Loving the new charts. They are starting to feel familiar, understanding the inflection points better. Footprint is getting a lot better, but I had thought it would replace VSA, but for now it works with it. They do show two different things, unless I go to a 1m footprint.
ES feels like it got ahead of itself. Not sure about CL. The sellers came in this morning, and again later around 96.00. But the area was accepted pretty well. Looking forward to Monday to see how the story unfolds.
Spent hours tonight studying the various relationships of value. Taking each part and watching them interact by shading various colors has really helped to see some things more clearly.
Noon on Saturday, my back is not cooperating and has me on home arrest. Still studying different views on the concept of value and how price reacts to it.
I was fishing with my neighbor last week. He has two kids, ages 5 and 10. As we are casting, he is discussing his what he envisions for their future, what he is hoping to teach them as they grow up. I said, "You know Martin, there are two things I can offer to teach your kids."
"One is how to play guitar, I was a classical and jazz guitar major at UNT". He said he would love that. "The other is how to trade." He just laughed.
"I'm serious, if they can grasp the right view of how markets move at this age, they will never have another financial care in their lives."
He said, "I would LOVE to have you teach them guitar"...
Well, anyway, I am working on a view to make it a game and will see what happens.