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May be a bad idea but I like my probabilities here so I am trying to catch a falling knife i.e crude...put a buy order for QM at 30.85, with mental stop at one full point. I like my chances if it get's there even though seasonality is not in favor.
Got into TNA 100 shares at middle thinking it might breakout obviously wrong but I like my chances here to add a few more at 47 and 46.50 because Russell is way oversold on daily level.
Just one trade today, closed 100 shares of TNA in the morning...from then my mind was in hesitation mode all day because of YM stop out over night and rip to my target then down again...
My developing strategy is based on trend following but market context totally changed intraday so I have to lower my time frame and play accordingly (same thing happened in August) but this is more of a controlled selling than what we saw in August (it was pure panic in August). Maybe we are going to enter into more correction territory or maybe not I am waiting to get signal on daily to start a swing position.