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Aussie $ which starts trading 6 pm eastern time can be a good trading instruement. I have ben testing it for some time now. When there are macro head winds then it makes sense to trade. Otherwise i do not find them suitable for my way of trading. It's been getting sold for 5 weeks now. Big gap down right at open.
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.
Susie Wolf has been preparing for this all her life. If you feel pressure while trading as position goes against you for 10 minutes by so many ticks or whatever, think about pressure Susie has to endure with entire world watching.
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.
It's only a wish to define risk. I do not have " CL will do this or should do this" in my vocubulary. 100-150 ticks moves are quite predictable- any thing out side this band is just a GIFT and i have no idea when , where and why those moves come.
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.
CL ..Broke below ORL...Shorted below 80.70 for some Ticks, and FLAT as seems to be Staled...Watching
No time to post Chart.
Correction ...Continuation Down...
Charts showing a Nice Trade down...we Broke below ORL with Divergence set up, and headed Down until Divergence formed again.
I should have held on to the Trade until there were Signs/Evidence of a turn.
I am Not saying CL will not continue Down...just pointing out what i should have done.
Nice trade. Don't worry about posting charts/ trades in real time. Post once you have time. This is not a trade calling journal. All we trying to do is that if someone is trying to go long in an area and you took a short in that area, maybe it will help someone to see why long did or did not made sense there.
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.
Since sandptrader took short, i may as well. Out 79.80 area. Looking for shorts.
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.
6A...Example of OR levels....and Trades that could have been taken.
@mfbreakout....Shorted below ORL in Asian Session for Big Cash.......Great Trade.
Price returned to ORL for a Divergence set up for re-entry Short.
Hope you do not mind....thought this would be Relevant to your Method...although i did miss the Trade...i am trying to follow and document, as i intend to add this Strategy to my Trading.
I do have to learn to hold Longer on most of my Trades...which is what you mention to try and do.