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Luckily we are not fighting Clint, where one mistake and your are out. Not every bounce is a sign of buyers or exhausation from the sellers.
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.
Insated of worrying about targets , try to figure out HOLD time. What's the point of figuring out 2 points targets when the move underway is 15 points?
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.
It's in hours. 1 to 2 hours. I will scale out but i will not fully get out of position till the trend changes or ATR is hit if i am in the trend. I have been short CL, TF, NG, PL, PA etc for 3 hours today.
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.
Till market participants are fully engaged and present in the market, i find it uselless to make forcasts like TF will do this and that.
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.
Guaranteed Returns. What? Have you lost your mind? will be a logical question. Similarly on the flip side traders who make forcast have lost their mind without realizing it.
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.
Are there any longs? Yes. Day trading is not very efficent with CC and the like. Once trend is set due to macro catalyst, they stay the course for some time.
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.