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Like a turtle to his balcony...
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Like a turtle to his balcony...

  #151 (permalink)
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Ahhhh! Then "lol" ... but I deleted it.

No, not laughing... shameful, that I do not always allow myself to not care about the outcome.

Or rather, my mind argues that I have to care, in the fact that it is a goal, or maybe better, a focus. And yet not be hindered when it goes against me, not to allow that to change my opinion, no, position, the next time...

Where is the Smilie for this emotion?

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The tightened stop worked against me. I had targeted 93.55, price hit 93.52 then rebounded...

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The target had been set at just above a high-confluence zone. Possibly a little too close, but the target was hit. But now that zone sets up a long potential.

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Today should be a wild one. Jobless Claims, PMI, Home Sales, Philly Fed, EIA, all on the back of FOMC and a high volatility move


Last edited by GaryD; February 21st, 2013 at 06:09 PM.
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Early buyers are defending the 93.50 top of the confluence area.

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Long 93.28. One off

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OUT

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Last edited by GaryD; February 21st, 2013 at 11:35 AM.
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Waiting for another shot

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Trying to come out of the zone

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Net 38. Trading entirely from the long side, I had nearly every trade come back on me to some degree, would be up 30, close +10, up 22, close BE. It might seem like the easier thing would be to sell the market, but for me I prefer to have structure (today's was higher level) and I do not agree with going against high-level SR until it breaks, which today's did not.

I also often find it easier to read volume at a head-on collision than at a continuation. One of those things about trading where I give up one thing to have something else. High accuracy, lower profit, high profit, lower accuracy, etc.

Had I used 15-20 tick targets I would have done very well today, and I need to keep that in mind for the future. I noticed in an early post this morning I did expect a wild day, and it was.

The lower end of support did put up a fight, but there was too much fear in the equities market for CL to go any distance.

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Last edited by GaryD; February 21st, 2013 at 05:56 PM.
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