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COMMON SENSE


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COMMON SENSE

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  #991 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,880 given, 472 received

Just wanted to post my Entry Yesterday before Open....i Scalped this...what i Ignorant/Impatient Individual i am......
I am Mentally Not able to take Advantage of what the Bigger Picture is Showing me.
I have to try and take Advantage of this.....working on this Mentally.
That is why i am sitting in here on mfbreakout's journal, as He is doing Very Good at holding . or Capitalizing on the Larger moves.

I have No problem Analyzing , and Taking some of the move of a Good set up....But i do take Profits way to early a lot of times.

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  #992 (permalink)
BOSTON, MA
 
Experience: Advanced
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Trading: commodities, TF
 
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sandptrader View Post
Just wanted to post my Entry Yesterday before Open....i Scalped this...what i Ignorant/Impatient Individual i am......
I am Mentally Not able to take Advantage of what the Bigger Picture is Showing me.
I have to try and take Advantage of this.....working on this Mentally.
That is why i am sitting in here on mfbreakout's journal, as He is doing Very Good at holding . or Capitalizing on the Larger moves.

I have No problem Analyzing , and Taking some of the move of a Good set up....But i do take Profits way to early a lot of times.


It will come in steps as you get ATR feel for different instruements. Also, each instruement has different time slots when they move vs other time frame. For example, 8.30 to 9.30 am time frame vs 11.30 to 12.30 time frame and so on.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #993 (permalink)
BOSTON, MA
 
Experience: Advanced
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Posts: 7,244 since Oct 2010
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I know Zakk was on this ONE. If not NO SOUP for him today.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #994 (permalink)
Valdosta, GA. U.S.A
 
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Posts: 498 since Sep 2010
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Price level at .8686 Needs to be broken through...other wise we will call it Support and move Higher back to yesterday's ORL.

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  #995 (permalink)
NJ, USA
 
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Good Morning,

What are the lines at 79.09 and 76.19 on your oil chart?

Thanks

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  #996 (permalink)
BOSTON, MA
 
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sandptrader View Post
Price level at .8686 Needs to be broken through...other wise we will call it Support and move Higher back to yesterday's ORL.

Support for what? I mean each so called support needs to have a target and time frame. Will like to hear how you use it.

I do not believe in precise support levels. Time frame and support/resisatnce for me is based off daily ATR , daily/weekly/hourly ATR and trend etc.

Thx



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #997 (permalink)
BOSTON, MA
 
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Drd13 View Post
Good Morning,

What are the lines at 79.09 and 76.19 on your oil chart?

Thanks

David,

For these kind of questions, PM relevant trader. Contextual questions which other traders can benefit from, post them here. But what is the indicator, what is the price etc. it's best to use PM feature.

Thx



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #998 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,880 given, 472 received


mfbreakout View Post
Support for what? I mean each so called support needs to have a target and time frame. Will like to hear how you use it.

I do not believe in precise support levels. Time frame and support/resisatnce for me is based off daily ATR , daily/weekly/hourly ATR and trend etc.

Thx

Your Right.....i will just Post what i am looking at with 2 Charts.....i know Everyone does Not look at same things.

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  #999 (permalink)
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sandptrader View Post
Your Right.....i will just Post what i am looking at with 2 Charts.....i know Everyone does Not look at same things.

Nice. One way i try to put some value in an area for support/resistance, for example for CL if price moves 100 ticks from that area. What will be criteria for 6A support. I have only traded it once so far, so trying to get better feel.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #1000 (permalink)
BOSTON, MA
 
Experience: Advanced
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Posts: 7,244 since Oct 2010
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What happened to CL yesterday and has been happening for weeks has implications for other assets, for example on equity market. That was the reason for my short in TF around 1168 yesterday which i held overnight. Covered some during Euro session and added to short around 1169 area again this morning. Also liquation in ZS etc is just not a function of technical analysis. Money needs to be moved around, hedges needs to be taken off, new one need to be put on, margin calls etc. It's a JUNGLE out there.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Visit my futures io Trade Journal
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November 27, 2014


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