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Real Buyers vs illusion ? Always try to ask this very important question. Shorts and shorts, so far. No longs.
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.
Always be aware of London close. It's time for them to hit pubs.
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 reading traders posting on the net their "LINE IN THE SAND" trades, for example,
1) Long 95.10, stop loss 94.82.
2) Long 94.40, stop loss 93.89.
Reason for these line in the sands trades- SUPPORT.
All i can say- if one does not pick direction right, all one will end up doing is drawing lines in the sand.
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.
1) Short CL.
2) short NG.
3) Short GC
4) Short TF 1179
5) Long TF 1172.
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.
Today, my execution was a little messed up. Was waiting for oil report but apparently that is tomorrow.
I was trying to think SHORTS, however market gapped up and proceeded to move north.
The complete opposite of yesterday.
First couple of trades were messy. Went Long, then went Short. Both stopped out.
I then doubled up (not good) and went Long anticipating an A UP. Price stalled fast and took quick profits.
Went Short thereafter anticipating A UP Failure. Entry / Execution wasn't the best. Trade moved 36 ticks and stalled again. Took profit at 20 at low of OR.
Overall 38 ticks today.
However was not impressed with entries and initial analysis. Trade management was good.
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.
When all the internals are lined up- it's a gift from GOD. No forecasting is needed or allowed.
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.
Does not matter if one is trading QQQ, TF or NQ etc.
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.
You can do it as long as you are willing to HOLD and beware of running after a kite already up in the sky. Problem is most traders get bullish when it's already high and a PRIME candidate for a nice cut. Long in CL from 94.25 or TF short off ORH involved 2 things;
1) Long HOLD time
2) and understanding that bounces in case off TF or pullbacks in case of CL today were part of a natural ebb and flow. It's not easy but that's the way it is.
I am very confident that pretty soon you will be a trader you want to be.
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.