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Market went to November 27th highs and the retrace it self, we got in at 88.51 short. market has payed well, it could made another test 88.70 if broken could go higher by another 100 ticks, if rejected could test down 87.27..
closed the trade for 26+ Ticks.
Cheers.
JD
Can you help answer these questions from other members on NexusFi?
Well today was a good day, i just closed my trading day, with a 50+ ticks, at 9:53 i saw price going below the 72 EMA line, showing weakness, i placed two opposite pending orders, one was triggered short, for a 40 tick trade.
i have been checking on a pattern using the MACBBLines Zero line and price, i place opposite pending orders when i see indicator approach the zero line and check where the price is at the moment if close to a round number etc. then i let the trade be triggered exactly like today.
Market was poised due to the negative number of ISM Manufacturing PMI, and this was our advantage,.
SInce the CAD is related to the CL, i trade the news from the Overnight interest rate for the CAD, it was a good trade..16+ ticks so far...now let´s dedicate ourselves to the Crude.
Well i just finished my trading day, ending with 50+ ticks of profit.
Not bad, crude oil inventories made the market act as normally does, "fade the news" number came negative price went high in the first minutes to fall later hard...
Well today seems be to interesting day, volume a bit low, but price moving upside,... i have identified to levels that i´m watching to have my trading plan running, although i did make a trade for 13 ticks +, i´m expecting signals on market open.
HI JD, thanks for your insightful thread, it is clarifying lot of things and helping the puzzle organize..
Would you please elaborate a little on the thunder scalping method ?