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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.
I dream about DOE report entire week. Favourite day to trade CL.
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.
Hi MF,
question for you.... on DOE day what do you use for confirmed A down. 22 1/2 minutes like any other day or 1:15 minutes because of the longer OR? I have mixed answers to this ?? from my fellow traders.
There is no time for confirmation on A down due to very wide OR. I am either shorting it at ORH as failed A up or long off ORL as failed A down. Today bet was to short off ORH - which is 94.24 area.
That's the reason i covered some shorts around days ORL of 93.75 and held the rest as PARTY got busy and getting busier by the minute.
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.
Breakouts and market makers. NG and most of instruements can do Mikey Mouse stuff for hours and then BOOM. Requires patience and conviction at a level- which is very hard to master.
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.
I am generally feeling the BULLS are slighting coming back into this. OR had strong buying. Sellers had to be tested.
That being so, I took this Failed A UP. I felt I got in a bit late as there was little selling conviction.
Trade had adrenaline pumping! Tape was screaming BUYERS. Aimed for Y-close / bottom of OR. Breakout Bar was fast, making most of the move. I anticipated typical fast reversal behavior. Made 58 ticks.
I have been bearish in CL for 3 weeks now and for me the bar to get Bullish in CL is very high. Basically failed A ups and A downs are doing MAGIC as usual.
#1) Short 93.89 during euro session. Covered 93.53. small position.
#2) Short 93.90 area before NY open, add to short 94.16 , 94.42 etc. Cover 93.85 at ORL.
#3) After move off ORL settled down around 94.70, short 94.60 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.