I am biased long still...espessially for this Thursday. I agree with the investor sentiment is bullish. Consider that on Tuesday we had a strong move to the upside.
According to Brooks, however, 80% of all breakouts fail. And as a Price Action follower, and CL does respect levels of resistance vary well. Given the holiday, and baring any major news oout of the Middle East, I will be looking very closely at Wednesday overnight price. May be a good trade opportunity come Thursday.
But either long or short has almost equal wieght. But I am leaning, personally, at 60/40 long.
I appreciate your comments.
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I have given this desicion more than a little thought over the last few weeks, and I beleive I have reached a major crossroads in trading as a personal endeavour.
I will still remain a member of futures.io (formerly BMT), but I have reached a point where my journal is not as nessessary as it once has been.
I dont feel the need to post every day, and in fact, I may start another thread in the future. But for the time being, I feel the focus should be on my personal trading, and that I really need to keep my own council, becuase, though I have a lot to learn, I know everything I need to be a long term profitable trader.
There are events that occur, either by accident or on purpose, that has a major imfluence on the course of ones life. As often as not, these events are not fully recognised and understood until much later.
Some are obvious... the first day of school, ride a bike, swam in the deep end, fall in love, get married,see the birth of your children, lose a loved one in death. And the choices we make...the sport we chose to play, the school we want to attend, the career we want to have.
I feel I need to take this break for my personal growth and development. This may turn out to be one of those events I described above, for me.
I am very thankful for all the comments I have received on my post, and all the unselfish guidance. It has been invaluable, more than than I can put into words.
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Congrats Vance, look forward to seeing you around in other threads.
Have a good one. Closing thread as requested.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
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