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Tried short 80.90 area but no go. Not sure what's underway but price action of CL is quite weak. I got too excited this morning and rest of the day as CL continued to find no buyers all day. I started day dreaming of 79 area getting taken out. Once CL just got stuck in a 40 ticks range , i started reducing position size from the short side for scratches, break even etc till i got to a position size i felt comfortable holding.
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.
Weakness in Crude, mixed internals at best- short TF 1112 , add 1114 and 1116 area but no go. Was looking for 1108 area
as target.
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.
FEAR of unkown freezes a trader especially when mind starts playing games with the unknown. We start remembering as to what happened in similar situation. CL did not pullback from 130 ticks up move but from 200 ticks up move last time i tried to short. I had to endure 40 ticks of pain but today SOB only went up 130 ticks. That's why my premise always has been that within 200 ticks - anything can happen. Still holding some shorts. Not interested in longs til some proof of buyers show up. Price jumping 30- 40 ticks does not count as a sign of buying for me. I look at it as a FLY buzzing around ready to be smacked again. There is lot of randomness as far as a FLY pattern is concerned except sooner or later she will get smacked if she keep buzzing around instead of flying away.
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.
Bounce into macro bearish trend plus exhausation bar combo. Short ZS.
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.
" I look at it as a FLY buzzing around ready to be smacked again. There is lot of randomness as far as a FLY pattern is concerned except sooner or later she will get smacked if she keep buzzing around instead of flying away."
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.
Not sure as to why TF is up 2% so far on the day and ES, NQ, YM up around .60% so far.
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.
Everything up nicely and what majority of traders are doing? trading for ticks. They see high volume node here, low volume node there, a fib level here, a channel, a triangle and so 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.