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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.
Can you help answer these questions from other members on NexusFi?
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Yeap I saw that. Very interesting. Be interesting to see whether it trades. The fact that it's a physical makes it very difficult to dabble in, due to the enormous delivery risk, unless your already a physical player at LOOP. Get on the other side of a trade with somebody who intends to take or make delivery and you may not be able to get out.
For those of you who don't know what LOOP is, or the Louisiana Offshore Oil Port, it's quite interesting. It's basically an off-loading platform 2.4km offshore of Louisiana that receives 13% of the US's imports.
Every once in a while (read that again) you will get a nice move after 1445-1500PM
There's a reason those candles are painted yellow (Wilders Exponential Average, less than 30% volume of the last 89 bars, + or - 2.35 STD.)
Where's the pit close? Hint: damn near like clock work 1428 to 1430ET. IMO, unless you are on your A-game, stay away 1345ish to 1440ish. I've made some money and I've LOST a bunch of money.
Low expectations for the day till $ slows down. I will short the hell out of CL if she spikes 150+ ticks. Never short a dull market. Will load up from the long side if CL flushes down to 50 area.
The position size reflects basically 50-50 set up. CL may move 50 ticks up or 50 ticks down. Either way the move will be immaterial for me and thus 1 car on just to get a feel for order low. I am hoping that we get some set ups after jobs report today at 8.30 am eastern 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.
$ up and up on job report. Short 50.77. I will be very patient and careful to try longs till dust settles down.
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 have statistical evidence to back it up but my screen time tells me that before prevailing trend is resumed CL gets marked up to facilitate shorts. So answer is Yes. That's why i am always shorting Flush ups in CL.
ES, TF , $ are have been bullish trend. In these instruements, i ONLY have one set up and that is go longs on pullbacks. No shorts except for scalps.
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.