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Scratched longs of 50.20. Waited for OR to be formed and then longs off ORL. Mark Fisher tells me to do so. As a RULE, i take some off on first test of ORH- which is around 50.19 area.
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.
Waiting for $ to HOLD up and up move. In other words sitting on hands for CL and short GC from 1214 area.
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 difficult to imagine ( at least for me) that CL can test yesterdays low but as day is progressing and my brain is getting rid of yesterdays PRICE ACTION, i am getting back to reality and have taken off my bullish sentiments till REAL buyers show up.
Just because yesterday CL moved from 49 to 51 without any significant pullback does not mean it can not over shoot to the down side either. Tough day so far in terms of defining RISK for a trade.
I have seen it 1000's of times.
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.
Where was the SMART MONEY today? 5% move yesterday and 6% today. I got sucked into the hype of CL this and that BS. Instead of following my regular PRICE ACTION method, i had some pre conceived notions based of yesterday's PRICE ACTION.
#1) Long 50.20. At this point i was a BULL with 10 horns (lol). Scratched it.
#2) Long 49.54 area off ORL. Took some off 50.10 area and gave back all the gains on rest.
#3 ) tried long again 49.44. Too much size. In hole now .
#4) Took a break and had to get out of SMART MONEY BS. After lunch short 49.44 area and added to shorts 49 area. Stop loss on runner is at 48.71. Trying to see if sell off Volume into close is sign of exhausation or continuation. Just like yesterday into close. Lucky to be ALIVE today.
Bulls can not get a so called rally going for more than a day. Same story getting played out for months now.
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 do not do anything as far as trading CL and GC goes without US $
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.