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Monday 8:30am - Melissa was sick and I slept on the couch. That on top of Martin's 2nd birthday party has me feeling like I could sleep another hour or two. And I studied market profile so much this weekend that I am not sure what I think about the position of the market today. Much of what I believe I learned this weekend is in conflict with other information. So overall not feeling competition ready today.
Crude has established a local double bottom at a key support area consisting of a major 618, major Xfib2, major trendline around 89.20-89.50.
That’s like trading bang in the middle of a bracket in theory (No selling or buying control bias)
At least wait for a developing value extreme to give you some good probabilities
" 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"
Felt like crap today, almost passed on trading at all but was looking forward to a new week. I went negative and was done. Just could not make a decision on what I wanted to do, where I wanted to do it, etc. I put a lot of time into studying market profile, and found a place where my beliefs clashed. I am expecting this new study to turn some thoughts around and chould be careful in the process.
Volume was very light and price just levitated the rest of the day.
Unexpected trip to New Jersey first flight out tomorrow. May get to make EIA if I can get things resolved quickly and fly home tomorrow night.
Melissa is still sick. She gets the bedroom, I will stay out here on the couch.
Instead of TV I am watching crude in slow motion. Bought 91.03, then decided that was boredom. Right back out.
Still watching as it breaks the Monday HOD 92.15. T&S kicks up speed.
Remembering times when I shorted this type of move, for maybe 5 ticks profit or 10 ticks loss. Or 20 ticks after averaging in. Feeling it, smiling about it, wondering where we get trade incentives from sometimes.
It feels so ironic that the majority of traders instinctively do the wrong things, and then further down the path have such respect for intuition.
