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Now after 2 hours, 52.54 looks pretty SURE short. No, it was not. There are very few sure set ups in day trading especially the ones which gives 100+ ticks.
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.
Can you help answer these questions from other members on NexusFi?
OIL: +3.3% on Down Dollar - a bad jobs report will give you more of that. That's the way i am trying to trade this morning job report.
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.
Glad to see the Bureau of Lies and Scams is still on their A-game
The CEO for the Gallup Organization came out with a statement/ report earlier this week saying just about everything coming out of BLS is bullshit for the sheeple
Well that was an interesting 1230ET wind down/ close. Yes I know most say that London closes at 1130amET, but I always watch at least up through 1230. Are we going to have that occasional fun filled Friday afternoon?
Since BigMike started sharing his trades via Tradervue, here are 2 from me. I will highly recommend using this performance tracker. Once you loose $10K couple of times, it becomes relatively easier to make $3-$5K. There is no FREE LUNCH.
CL will do this and do that analysis ONLY matters when a trader has skin in the game.
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.
Fridays tend to be worst day of the week for me. I am always very careful on Fridays.
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.
Why instead of being up $15K on the day, i almost gave $3K away?
because i did not follow my RULES.
RULE is to short biggest, baddest and tallest GREEN bars. I followed that on 2 trades today but 1 short which just started out as so called lunch money during lunch hour caused me not to fully monetize trades which i took per rules.
During lunch hour, i shorted 51.73 with 1 car. Since this short does not fit my short criteria, i shorted with1 car. CL comes down to 51.32 area and before i could cover she is back up to 51.53 area. I have seen this 1,000 of times and since i only had 1 car, i did not care about this bounce. After 30 minutes of back and forth- CL jumps to 52.30 area. Now, i am seeing some energy in candles. I added to short at 52.40. CL is at 52.80, i added more , CL is at 53 area and i loaded up.
This would been OK but i added little bit too much at 52.40 area for my own liking. That 1 car short at 51.73 area caused me to miss REAL moves when i was fully loaded.
All my mess up trades start with something casual with 1 lot. 1 lot or 10 lots- please follow the RULES.
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.