Of the markets I have watched, CL seems to respond the best to the way I have learned to construct support and resistance, seems to be the most telling in the way I have learned to interpret volume, and has the volatility to provide at least a a few attempts per day. If it had a low leverage equal it might be the perfect market. Maybe between us we can be like a market maker and chase the other traders around. lol!
I wish I had my way, but the reality is CL leads and I follow. If I am not paying close attention to what it is saying, like earlier today when I got cute on a single divergence in an otherwise bottomless market, it will slap me just as fast as anyone. I have tried manys times to prove it wrong in the past, it always wins.
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Here I go again with my mindless ruminations......
I said in some post somewhere that I simply don't care for things like double tops, double bottoms, or divergences or other stuff that one can read in John Murphy et al Classical TA 101. Everyone looks for that, so I would be willing to sit out of all of those "retail" set-ups.
I want a fakey, then another fakey, and then a reversal, and then I want GMan to change the order the next day, and then again. Believe me, he does that with regularity. There was such a lovely fakey on 6E today, I should have bet the ranch. Most easy money is made when people are in pain (unfortunately). Maintaining that is constantly asking myself - "is this too easy?"
If the answer is yes, I must pass. Others don't, point is to identify weakness. When some asks me now when I am going all in, all out, scale in, scale out or "always in", I say to that - yes, yes and yes
It drives them crazy. How else am I supposed to answer that?
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