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You followed through like you said yesterday Down to your 81.40 Area.
I also had the same Analysis that we would move Down, and had Entered below that VWAP.
i edited in my original post about what the reason was for closing the Trade.
Fear......so i performed the Mickey Mouse Stop out.
One of the things you mention, which is truth.
Fear is a good thing if analyzed within context. For example, i will not short at 81.90 etc. even if my analysis shows CL MAY go to 81.40- WHY? becuase my stop loss above 83.20 does not justify the risk. Short around 82.70 area still involves 60 ticks stop loss.
So fear of 60 ticks stop loss from 82.70 Vs fear of 130 ticks stop loss from short around 81.90. We alll have fears and it's good to have one. I take biggest stop loss range and then decide if i want to take the trade.
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.
Short TF. I prefer to trade indices ONLY when market internals are up at NY open. I have been testing somethings and decided to take it for a test drive.
NOTE: Please ignore spelling mistakes on the chart. It should read " distance'.
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.
Come on Zakk- we are waiting for your stop loss , trading etc post. Otherwise you will be added to ----- scratchers list (lol). That list is already mile long, we don't need more on that list.
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 News out at 8:30 EST...as Market looks stalled...i have Bracket at 81.60 and 81.20 on this Chart.
Basically i see what you do for the upside to 82.00-82.20
Downside to 81.00-80.70.
But i feel i need to wait till news is out and Bracket is broken.
Over the week end i am going to set up my Charts like yours on my TOS platform from your post #888
i can use that also like you do to help when i Trade TF, NQ.
i will have to learn a bit more of what each chart is telling me, but it will be a start...i am not familar with the top row of charts in that screen shot.
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 have more faith in OR than anything else when it comes to CL. Everything revolves around it when NY session gets going. I will be careful with longs till buyers show 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.
Complete Reversal....like you said Rotation ....the Market broke out above 81.60 up to the 81.80 Area , and did a Complete Reversal all the way back down to 81.......your Right you have to be Ready for anything.