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NG came to edge of the boundaries- time to try long or if already long, add to longs.
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.
Q) Why in front of strong internals and yesterday's price action i did not take longs in NQ, TF etc.
A) If ireally dig deep into my subconsious i will find many reasons but two main reasons are;
1) I had massive gains over last 2 weeks trading TF, CL, NG, PL etc. I was trying to curb my excitement because it felt like i could not do anything wrong.
2) I was mentally/physically exhausated around 9.30 am this morning. I decided to step back from screen for an hour or so. By the time i came back NQ, TF were at intra day highs and at that point i was ONLY left with short option for a reversion to the mean trade set up.
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 trade E-mini. I trade NQ, TF. I am using E-mini as an example because most of my conversation was with a fellow trader who trades E-mini. He has more trading experience ( 20+ years) and knowledge. In the end he did OK but he is a prison to his own knowledge, experience and is not as flexible as i am. I do not hold positions overnight in indices, he does with 3% drop in E-mini as a stop loss from his entry etc. Stop loss plus cost of putting hedges to protect his gains brought him back to REALTY. If ES does not consolidates , hold and move up and October was end of the year- he will not be looking good.
He is experienced enough trader to be cautious now with things like Low for the year is IN and ES will finish year higher etc. He wants to see price behaviour over next week or so. In other words he is no mood to make forecasts till market consolidates, hold his levels etc.
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 was thinking all the time that you are the person to surf on the perfect storm of dax, and now you say that , i am sitting here to watch the show!i think you love her
this thread is pure gold for me, thanks
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Recently started listening to Eckhart Tolle's " Music to Quiet the Mind" and his audio book.
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.
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.
NG. Looking for a bounce from big balance area low's. Don't like gap down, so will cut down size.
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.
Hunt weakest index after a massive bounce. Have all the problems from which TF got sold off 10% got corrected in just 1 day? I don't think so.
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.
A typical rotational day. I wonder why on a rotational day like today there is more analysis of support, resistance etc when there is nothing really going on?
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.