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I do not post chart because I think they are useless couse I'm scalping and it's not simple explain every trade I take.
Anyway this is the chart with today trades.
I stay very short time in the market.
Today I had already decided not to trade more after the early good 3 trades, I had done the day. But then I went back three hours later, read this thread, and went back to the market and I took other trades. Damn I always have to be careful to do not overtrading.
just post your A+ set ups when they come and you take the trades. Traders have enough poison of their own to die from while scalping, they do not need our help for scalping.
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 trader ( who will remain nameless) went long 48.75 ( all he remembers that CL went from 48.70 to 49.67 area an hour ago). He tried to be brave and had stop loss at 48.55. He can not believe that there is no bid (yet) for CL wheh an hour ago she jumped 90+ ticks from here?
I am out 48.61.
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.
out 48.61. got out too early thinking FLUSH down came. But a bigger one came right after that. Trying to decide if i should try longs here. No rush, plenty of time to decide. No need to enjoy joy ride by being early.
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 wish i had looked at this earlier. Would have put some size behind the short and would have held. reshort 48.47. Stop loss above 48.81. Will cover some along the way to reduce risk. 48 area will not break that easily and can have whip saws of 30-50 ticks in between.
" E.U. and Iran Expected to Issue Joint Statement on Nuclear Talks"
came an hour ago.
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 4915 stop at 4935 tight charts later
Edit Out 4868
The real auction theory--One idea since morning that we don't have balance and are going to chop around looking for it. The Yellow arrows are where it takes off and the red arrows are the ones when it pullsback to same area-over and over and over all day long.
stopped out. reversal of Flush down. Long on pullback from 49.20 area. Long 48.72
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.