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Flat and scratch trade before DOE report. CL back to it's rotation mode with long hold time to get paid some. Short 92.40 area and 92.80 area after DOE report. So far, nothing to show for with more than an hour of hold time. Modest targets. Not every day has to be 300 ticks day.
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.
CL shorts. Contrary to what some may believe, i am not a trader who picks levels to the tick. I try my best to find a good trade location but i do not bend out of shape if it's not. It's not easy trying to day trade while at the same time keep BIG picture in mind.
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.
TF. 2 trades so far. Both shorts. If i am wrong on shorts, at least i can blame internals. Not sure who can i balme if i am wrong on longs? That's what makes a market.
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.
Well FAT LADY finally started singing. Cover some 92 and out flat 91.80.
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.
During my conversation with someone who has been following my journal, he raised a good point. Basically, he said that he sees the logic of my trades but at this stageof his career, he finds it very hard to trade the way i trade- wide stop loss, adding to a psoition etc. He asked me if there is another journal which can help him which does not involve wide stop loss etc.
I told him, he can read Vince Virgil ( now closed) journal. Just be careful and not get too deep with Vince way of trading if one ultimate goal is to trade different instruements at the same time. Vince method seemed to require too much concentration and attention to small details to capture 30 or so ticks with 10 ticks stop loss. If one gets too attached to such an approach ( i was in the same boat earlier in my career with a totally different method) it becomes difficult to switch to longer time frame method.
Vince approach seems to have good risk: reward and good starting point for a trader.
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.
Reshort 92.10 area. It pays to stay with the macro trend. Out flat 90.70.
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.
It does not matter which instruement is one trading. Set ups are the same. I decided not to use anything which works on one instruement but does not work on others like some order flow tools. Whenever i will talk with a vendor, it will be like this works for E-mini but not for CL or CC etc. I will thank them and move on. Why get my brain trained a certain way with a tool which works for E-mini but not for the other.
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.
Never a good idea to pick lows against kind of selling we have today. Out flat 1083 and rest B/E. ONLY traders who were bullish in E-min etc. showcasing that trend is intact with long term trend lines and refusing to short on the premise that trend is still intact are trying to go long. They see support everywhere. May be indicies will bounce , may be not. Nothing goes up or down in a straight line. It will be pretty obvious from market internals when it makes sense to go long just like today it only made sense to short. No need to pick spots in front of a freight train.
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.