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I still get surprised but never shocked enough to miss a trade becuase ACD keeps a trader on the right side. Otherwise 300 ticks yesterday and 300 ticks today- gets one HEAD SPIN.
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.
Covered some around 95.10 yesterday on short from yesterday around 95.57. Added to short this morning. Out flat 94.32 and waiting for NY open.
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.
Took this trade today. Higher time frame was screaming shorts after RTH close gap fill.
Very questionable WHY I TOOK IT. Gut feeling and the mental preparation to HOLD. Even before oil report!
Then held onto trade as it went 30 ticks against me when report came out.
Several trips were made to the bathroom.
Was trying to target 94.16.
Very Stubbon!
Q) Someone asked how can i trade without looking at DOM, Order Flow etc.
A) I trade multiple instruements, TF, NG, CL, GC, ZS etc. At one time i typically have 2-3 positions open. I do not want to look at anything which moves at high speed while trading. My head just SPINS. Best way i can explain the feeling is by following video. I like to take a position and sit back and look at nothing else related to price movement etc. I do not want to know as to what algos are doing, which is basically cleaning out traders all day long. I use market internals as a tape reading tool to trade TF, QQQ etc. They are set at 15 minutes time frame. Anything on shorter time frame does not suit my style. All i am trading is basically edges of ATR and mostly chart gives plenty of clues as to what to do.
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.
start small on failed A up and then add as internals turn -ve.
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 just using +ve instead of typing word positive to show if market internals are showing potential up move. -ve for negative.
As a rule of thumb i try not to short TF when internals are +ve ( positive). Today from 9.30 till 11.30 am, internals were positive, so no shorts. They slowly started turning red and picked up speed around 2 .30 pm.
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.