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Thanks for pointing that out forrestang, I will not trade as long as the markets are having such volatility, waiting for things to calm down. I don't like to trade under extreme conditions, I assume markets in these days will be pretty much trendy up or down, no good for my counter trends and 5000$ stop management.
I will not trade for the whole week, as my summer vacations are approaching the Italian Job will be closed for 2 weeks until the end of August. This is a recap of my trading activities since June 1st:
Altough volatility has decreased since beginning of August, CL is pretty a roller coaster and 6E is a bit less. The document published by @tigertrader post #13
So i keep hearing traders complain about HFT, about how its changing everything. There's a ton of posts about it all over the web, Cramer even complains about it alot. I want to know how many people really believe that trading has become difficult …
, makes pretty much sense to me. I will therefore not trade as long as the VIX will stay above 25 or within an increasing 10 sma slope (see pic attached). As the actual sma is in a decreasing trend I will be very selective and watch for main S&R on higher time frames. I will look for opportunities exclusively during the UK session.
First trade of the day 6E 1 contract, target above S +295$. GomCD was pretty negative, it pierced the Vwap and the TL and turned it to a negative slope, target was set above the first support on the 6R chart.