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" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Just did a MAJOR fat finger and close out my entier position here
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Do you think this week Vwap has been proping this market up so far today?
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Couple of things I saw happening there. Market found support at weekly VWAP as well as the" POMO trend line". Additionally, the USD gave out and started selling off again.
Its still possible that we continue to balance here but I wasn't interested in giving out my profits on that last piece. I wasn't able to get 2/3's off and didn't like the market coming back up to me for a 4th time. I usually don't take the same position more than 2 times. Not sure what I was thinking there. In any event, that's the way it goes. Can't be right all the time. My thought process was that we test the 29ths low but in retrospect, it really doesn't make sense given the bigger picture context.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
OK, took the other side of this trade from yesterday's low and DVAH (H period). Target yesterday's upper excess ledge. This is more of a catch up trade from where I should have been earlier.
Sorry I'm playing catchup with the MP terminology. DVAH is Developing Value Area High? (9750) & Yest upper excess ledge is the start of K single prints so about 9790?
Looks like a HnS playing out at the 9750 level, price action doesn't look very strong
