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Hey Gary - good to see you back man. Sounds like you're in a good place with the different house, etc - all good stuff. And as usual you nailed that trade. I've never been psyched about holding things overnight either - but sometimes I wish I was!
happy trading
Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
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The overnight is not that bad to me, but the space between when markets are truly closed, where stops and targets do not exist, that is something I do not even consider. I can always get back into a trade.
Yes, much better place in all respects. Life is good, trading is relaxed. Hope all is right with you, and appreciate the time we talked.
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I would like to take a trade, just because there is a part of me that enjoys the activity itself, but I have not found a place that feels right today. Initial resistance should be around 96 even, but the fall down was so sharp that I would prefer to see some more structure to acceptance/rejection.
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Currently a runaway train to the upside... nailing all shorts who were looking for the sky to fall this morning...
Man, they are getting slaughtered, lol! straight up 130 ticks... if there was ever a lesson in trading crude that I learned so many times it makes me queasy, it is do not step in front of crude in impulse mode. Go with it or get out of the way. I am still watching the short side, south of 96.50, but this is too violent for me.
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That little corner looks cozy.
Last edited by GaryD; February 6th, 2013 at 11:06 AM.
They are all futures.io (formerly BMT). Keep in mind I just put them there based on visuals. Really that is the 1min volume I am watching, and the other stuff is mostly there for entertainment. If you want the template I can send to you.
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That was quick and painful.
Coming back to this, while CL does this often enough, that sharp spike bottom and straight back to where it started gets me the majority of times I attempt to trade it.
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Last edited by GaryD; February 6th, 2013 at 08:47 PM.
Doubt. An emotion that causes me to question the future from a negative perspective.
It does not change the future, but it changes my decision making as I participate along the way.
The trade outcome does not matter. The stop placement does not matter. Allowing my trade decisions to stand and what happens, happens, while I participate with optimism, belief, acceptance...
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