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Spent the weekend in my laboratory and looked into Market Profile [MP]
Here's a CL setup that should have been taken around PP area @ 99.83
Based on Fridays MP, the odds of price returning back to Hi Volume Node / POC, were
highly doable based on Friday's action.
I got in and took 2 contracts out at 4tix, just under $100 or par and took 3rd contract out
@ 100.02 or 7tix.
Besides was a nice SEL [2nd Entry Long] off top.
Nice $150 start....
Mike S.
Note: Look a the order flow around 8m. Nice 'Capping' prior to SEL
Trade off 8:30am news release... As you can see could have banked considerably more.
This again is ALL NEW to me and will gain TRUST and learn to bank more in the coming weeks!!
Will keep you posted on this. Off to a good start....
Mike I just started following this thread as I was interested in RLT. I am wondering if you are taking a break from RLT because you don't feel you could make enough money from it to make a living? Or are you not doing as well with it recently because the market conditions changed? Just asking because those are two reasons why I have jumped from system to system. Anyway, really like your journal.