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Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
We opened today in an arguable excess area (double prints) from yesterday and above yesterday's value while trading at the ETH VWAP. The potential for a break out higher was there and a test long was certainly feasible. Yes, I got my two scale outs before the market stalled and reversed. I would have just exited had the market fallen back into value. No need to let the market stop me out. If the order flow is telling you you're wrong, its a good idea to pay attention to that.
I have mark these zones on my daily chart to get an idea where supply/demand may be found. That's a rough estimate but may help to form some expectations.
I have got a lot of stuff about MCADbb`s and teachings, if you PM me i could share some stuff
but.............
I have been there got the t-shirt; even know i do believe it can be a tradable system as i did get good simulated results. But i found there are much more efficient ways to look and trade the markets now. Giving trading clear clean structure
and you’re reading the thread about it
You might see pics of the mcadbbs early on in this thread, but I have let go of them. Even though I developed the skill to read them. I have no use for them anymore regard’s trade locations and management
Read, learn and ask as many questions as you like
Im sure everyone involved will try answer them for you
" 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"
Been hearing @bobarian use the term confluence in his videos and post and @Privatebanker in his posts. Finally had to look it up as even in context couldn't figure out what it meant. here is a screen shot from merriam-webster.com for those of you wondering like I was.
" 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"
We opened up inside the yesterday afternoon's late spike. This is a sign of acceptance, hence we expect the top of the spike to act as resistance. So for those that bought the Open, targets are most likely at the VAL. If we look inside yesterday's VA and get rejected, I expect to take out the lows of the spike. If we are accepted inside yesterday's VA, I would expect an auction higher to take out the VAH. Any signs of rejecting the spike is bearish and would expect the spike lows to be taken out as well.
Just covered my runner at yesterdays highs and a Single print TPO ledge
1st 100 tick runner this year
" 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 was not going to post my fills anymore and just show trade location
But i don’t think i could have positioned myself and managed that trade any better than i did
" 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"
