ness1g 

Pitchfork at work That was my day target at yellow box at midline of pitchfork then price reverse as usual and captured that too

Listening to music improves trading.

No only you have a good eye for trading but also for fine Lebanese women

mfbreakout 

Listening to music improves trading.

Gold cleared 1220 yesterday. Still holding some . If i take a short in GC, stop loss will be above previous week high 1 times ATR.

NG- long within last couple of weeks balance area.

mfbreakout 

Gold cleared 1220 yesterday. Still holding some . If i take a short in GC, stop loss will be above previous week high 1 times ATR.

Out 1233 and short. Not looking for major pullback to the down side. But 4-6 points in GC is good. Looks like ORH will be around 1234.

What is common Sense? In trading terms this mroning i asked following question

" Will CACFUTURE along with other Europen traders will be initiating new longs in TF at 1100? "

Common sense tells me NO. How about putting on shorts? May be or may be not because it's different for every trader.
So based off CACFUTURE test and more importantly Mark Fisher ACD, i shorted around 1095 and held till ORL etc. This is called common sense trading. Every tool we have at our disposal to put on a trade comes after common sense.

Still holding shorts and no longs for me. I have covered quite a bit as i do not like to day dream.

mfbreakout 

NG- long within last couple of weeks balance area.

Context was right, timing was off and now NG trade looks like it was a sure thing. Nothing is for sure. Smaller the time frame more uncertain and random the out come.

In CL, have been short for 4 hours and still holding. In my experience more lines and short time frame on a chart in general means a confused trader. This is not appilcable for every trader out there but at least it was for me and the traders i talk with about trading.

mfbreakout 

What is common Sense? In trading terms this mroning i asked following question " Will CACFUTURE along with other Europen traders will be initiating new longs in TF at 1100? " Common sense tells me NO. How about putting on shorts? May be or may be not because it's different for every trader. So based off CACFUTURE test and more importantly Mark Fisher ACD, i shorted around 1095 and held till ORL etc. This is called common sense trading. Every tool we have at our disposal to put on a trade comes after common sense. Still holding shorts and no longs for me. I have covered quite a bit as i do not like to day dream.

Traders who make forecasts are STUNNED and DONE. Added to shorts.

mfbreakout 

Traders who make forecasts are STUNNED and DONE. Added to shorts.

Cover some 1067 and still holding rest. Why cover and why still holding shorts? Why no longs?

Answer to why no longs is pretty obvious. Why cover is just a function of booking some ptofits after 22 points. Holding shorts becuase there are no buyers. Pace of down move has slowed down after TF down being 2.37% so far but selling is not over yet.

Long time ago a trader told me he believes in ONE GOD, ONE WOMAN and ONE TYPE BIAS for intra day trading. What he meant by one type of bias is that he is either bullish or bearish within his time frame.

He trades smaller time frame 15 to 30 minutes. He does not turn from being bullish to bearsih unless something really convince him whether be it price action, news etc.

It took me a long time to grasp this and i thank him for that. Basically i used to try longs and shorts within 15 to 30 minutes time frame. I will be saying to myself , bears are in control and then 10 minutes later Bulls are in control. I understood this once i start paying attention to algos/HFT games being played on short time frame. Just beacuse price had moved 40 ticks to the upside does not mean that suddenly bulls are in control when CL is on track to get pushed down another 200 ticks.