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COMMON SENSE


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COMMON SENSE

  #1231 (permalink)
BOSTON, MA
 
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Do not get me wrong, i do not like to take rsik more than i need to. Overall approach to stop loss is as Selena Gomez sings

" Come and Get it". The algos, market makers and all the crooks sitting at banks will have to come and get my stop. CC got roasted this morning. Ou flat around ORL.




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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  #1232 (permalink)
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Shorts and shorts in CL. This thing is going down- feels like it. We are never sure. We do not count.



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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  #1233 (permalink)
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Good morning,

Any idea why oil just exploded to the downside?

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  #1234 (permalink)
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Drd13 View Post
Good morning,

Any idea why oil just exploded to the downside?

I do not know. I was short and added to it. As traders we do not need to know the reasons. We just need to trade and figure out reasons later. I am sure beauties at CNBC will give some color on it. Main point is do not even think about going long till FLUSH down reversal comes.



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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  #1235 (permalink)
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Drd13 View Post
Good morning,

Any idea why oil just exploded to the downside?

Like MFB says - doesn't matter, just don't fade it. OPEC meeting Thursday so all the delegates are in Vienna and so rumors are going to be flying all week so stuff like this will likely keep happening.

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
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  #1236 (permalink)
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mfbreakout View Post
Shorts and shorts in CL. This thing is going down- feels like it. We are never sure. We do not count.

In one of his webinars I heard Mark Fisher said that he would routinely go for a walk around the block after putting on a position ( if it was too much to handle etc.. ) I heard this 3 years ago and now i walk around when THIRD FORCE shows up in the market.

Without that there is no way to sit still and not mess up a trade. With prices moving at the SPEED OF LIGHT and a trader going by some target ( who is to say target area will get hit) i find it practically impossible to let the trade work if i just sit at my desk.

Cover most 74.40 area and still holding some shorts. CL will give plenty of time to decide if it makes sense to cover all the shorts. It will move back and forth. Question always is if she is she consoildating to get a bounce or next leg down. Without FLUSH down reversal i always assume NEXT leg down.



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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  #1237 (permalink)
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Waiting for the Monkey to climb higher.



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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  #1238 (permalink)
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mfbreakout View Post
In one of his webinars I heard Mark Fisher said that he would routinely go for a walk around the block after putting on a position ( if it was too much to handle etc.. ) I heard this 3 years ago and now i walk around when THIRD FORCE shows up in the market.

Without that there is no way to sit still and not mess up a trade. With prices moving at the SPEED OF LIGHT and a trader going by some target ( who is to say target area will get hit) i find it practically impossible to let the trade work if i just sit at my desk.

Cover most 74.40 area and still holding some shorts. CL will give plenty of time to decide if it makes sense to cover all the shorts. It will move back and forth. Question always is if she is she consoildating to get a bounce or next leg down. Without FLUSH down reversal i always assume NEXT leg down.


No need to rush out of shorts on a whim. She gave plenty of time to decide. Out flat 74.30. Please do not go down anymore without a bounce of 60-90 ticks, so that we can press shorts one more time.



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.

Last edited by mfbreakout; November 25th, 2014 at 12:21 PM.
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  #1239 (permalink)
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mfbreakout View Post
No need to rush out of shorts on a whim. She gave plenty of time to decide. Out flat 74.30. Please do not go down anymore without a bounce of 60-90 ticks, so that we can press shorts one more time.

Thank you CL. Re short Short 74.94. Looks like we will be in a BOX- 74 to 75.50 area till something new comes along. It does not looks like that 74 level will be broken today and if it ges broken with conviction- next leg down.



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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  #1240 (permalink)
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mfbreakout View Post
NG has given massive trades over last 2 weeks but without any 1:1 or 1:3 risk rewards trades as far i can see. I am short from 4.27 area with ideal target around 4 area. My stop loss is above 4.60 area It should be above $5 area but 4.60 is all i can handle for this trade. I will not hold all of the cars till $4 area- it's just an area and NG does not have to go there before bouncing all the way to my entry etc.

I am risking more to make less? Weird math to say the least but it works for me. Staying away from noise becomes even more important when markets are slow. When market is active it's little bit easier to define risk in relation to reward.

NG slowly did her thing off ORL and up 2%. Extreme cold weather to hit NY and east Coast. NG found a bid and up and up.



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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