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1130 to 1158- 28 handles. twice daily ATR. Out flat 1154.
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.
Advatage of trading multiple instruements is that one takes a trade per set up, place stop loss and then look at end of the day if not stopped out as to what happened. One can not trade multiple instruements while looking at P&L, DOM etc. I actively watch CL but that's due to old habit plus damn thing moves intra day so much that it's tough to completely put it on an auto pilot.
Currently holding shorts in CL, ZS, KC and NG. In CL 3 shorts and 1 long.
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.
Why the hell anyone will watch jumping prices- I am guilty of that also? In 5 years i have not found any benefit from doing it. I definetly see lot of harm in doinng 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.
Why would anyone go long TF around 1148 on a pullback from 1158? I do not know other traders reasons but A up pullback combined with + internals, VIX collapsing etc. and BOOM.
NOTE: Stopped out on NG short. Looking for 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.
As i get ready for Euro session and turned on my computer- every thing up and up.
" Yen Plunges as Japan Stocks Jump on Bank of Japan Stimulus; Gold Retreats"
Withoust catalyst there is no change and without change there is no opportunity.-- Jim Dalton
" The yen plunged to a six-year low while shares in Tokyo jumped the most in a year as the Bank of Japan unexpectedly increased its target for monetary stimulus. U.S. equity-index futures surged, gold fell below $1,200 an ounce and oil extended losses".
I hope no one went short last night in ES, TF etc just based on charts, resistance and similalry no one is day dreaming that this rip up during Asian session was all laid out in the technical patterns , charts etc. Key word in above statement is " Unexpectedly".
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.
Firsst action this morning is to cover some Gold short from 1220 area.
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.
Damn- Euro session opens and drop GC 16 points from my cover around 1186. I am glad i did not cover entire short position.
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.
2) Got stopped out of NG yesterday. Took long and it's looking good.
3) ZS- neither here or there. Still short.
4) CL- finally got paid some.
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.