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Short 53.83, add to short 53.62. Cover 52.80. 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.
I must admit taking longs in this beast is painful. Just pointless.
Have to keep reminding my self to short at good areas. eg: 53 area with right context.
Short the bounces. As an Aussie you can relate to cricket analogy.
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.
Based off yesterday's price action, i was looking for longs. Had to change my mind as there was NO BID for CL during Globex session. Short and out flat 51.10. Held runner long enough to see if 50 gets tested and may still do it.
No longs for me unless BUYERS show up. The bar for buyers is VERY HIGH. Price moving 40 ticks etc to the upside is not a sign of buyers i rely on. The best sign is FLUSH DOWN and i have not gotten a FLUSH DON in days , so no longs for me. This does not mean price can not move higher, it can and it does as obvious from last couple of days but i want FLUSH DOWN to put size on- otherwise small size for scalps from the long side.
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.
I want this. This way one can get 50-80 ticks in 10 minutes. Without FLUSH DOWN, back and forth price movement and constantly wondering what's going on as ANALYSTS do all day. They wonder before move happens and then they wonder after move happens. They are WONDER KIDS.
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.
No FLUSH DOWN. reshort 50.82. Cover some 50.41. Break of 50 with FORCE can get another 50-80 ticks leg down. Longs never crossed my mind as there were no buyers. Days like today is the reason that a trader should not get too involved with scalping. When 300-500 ticks days come if one has been scalpng 20 ticks here and 10 ticks there- it's very difficult to adjust.
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.
Holding some shorts for 4.30 pm API report. We can guess what API report will show later this afternoon.
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.
Well reaction to API report is bullish. It does not matter what the report says, PRICE ACTION says 50 is REAL today. Out of balance of short at scratch at 50.80. By Bullish, I only mean that CL can run some during Globex session. Macro structure is still bearish for me. Range for me till DOE report is 50 to 52.50 area. I just have to make sure i do not initiate a new short close to 50 or new long close to 52.50 area.
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.
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.