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I thought I'd give a bit more color on the actual trades today. Given it was a really crappy session, and I think it's great to show transparency here of how tough it can be, but manage risk and keep on keeping on until you get something worth keeping around.
Here's the crappy section of today. Continually looking for some type of follow through and NOT getting it. This was a real rookie mistake on a FOMC day. I should have been mean reversion from the get go.
Now, post FOMC we're trading actual movement. Notice it was the first time all day I made any adds/ or scale-out-add backs. That's just conviction that comes from experience watching intraday PA. That sounds kinda cocky, so just to balance that out, let's be clear, I sucked almost all day. Should have been fading edges given the day. Ok, here's the last trade of the day:
Can you help answer these questions from other members on NexusFi?
I made one more trade today. Took a long and it didn't look right so I scratched it for a point, turned out to be a great decision. Also another zero MAE trade! I should retire now.
I also made a pretty bad hesitation to enter a trade. Had my finger on the trigger and couldn't pull it. Shown in the chart below, along with the trades I did make.
I've been working really hard the past few months.
I'm going on a ski trip for a long weekend, so I've got a ton to do around here first. I'll be back Wednesday.
I'm telling you guys.... you don't need to get all fancy with what's going on.
Process: Overall structure > Trend/range within structure > strength weakness within trend/range > potential edge > where you're wrong > edge trigger > manage the uncertainty that follows.
^^ Trading plan ^^ Done. ^^ Holy Grail ^^
Structure for today, same as yesterday, except now we've finished coming down to the bottom of this channel. I expect a transition phase into uptrend eventually.
I'm honestly beginning to think people should scalp CL for a basic training/bootcamp thing, completely get their soul torn out, and then move to trading ES rotations. I'm not overconfident, trust me, just feel more comfortable with ES.
How are you executing though Ninja.....(your posting your fills)
But still using the S5 platform and trade analyzer??
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"