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COMMON SENSE


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COMMON SENSE

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  #581 (permalink)
BOSTON, MA
 
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Added to shorts into bounce 94.73 area. Cover some 93.70 and 93.50 area.




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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  #582 (permalink)
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mfbreakout View Post
Added to shorts into bounce 94.73 area. Cover some 93.70 and 93.50 area.


No longs for me. Holding shorts. It's personal choice. My man Willie song " Still Movin to me" is about 3.31 minutes. Another musician could have written same sone in 3 minutes etc. However, same song for 2 minutes will be awful just like longs around 94.50 area this morning.



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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  #583 (permalink)
madrid spain
 
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mfbreakout View Post
No longs for me. Holding shorts. It's personal choice. My man Willie song " Still Movin to me" is about 3.31 minutes. Another musician could have written same sone in 3 minutes etc. However, same song for 2 minutes will be awful just like longs around 94.50 area this morning.

i was seeing cl sliping at-2.5%
master!!

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #584 (permalink)
madrid spain
 
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with your size, maybe you got smackdown cl at 9474

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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  #585 (permalink)
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Wow " No longs for me. Holding shorts. It's personal choice. My man Willie song " Still Movin to me" is about 3.31 minutes. Another musician could have written same sone in 3 minutes etc. However, same song for 2 minutes will be awful just like longs around 94.50 area this morning."

CL surprises all the time. Direction was clear. When and how the path will be travelled is beyond my skillset. Covered shorts around 92.


Trying to see if sellers are done and we are back to BOX trading/ rotation. Not sure yet. Small longs around 91.23 area. Dangerous area for longs if one is worried about traditional cute stop loss.



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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  #586 (permalink)
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similar situations in similar areas:


dont believe anything you hear and only half of what you see

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  #587 (permalink)
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Shorted TF NY open and when price stalled at ORL- covered . Reshort into bounce around ORH area and still holding some.



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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  #588 (permalink)
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mfbreakout View Post
Shorted TF NY open and when price stalled at ORL- covered . Reshort into bounce around ORH area and still holding some.

Out flat 1103 area.



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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  #589 (permalink)
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mfbreakout View Post
Wow " No longs for me. Holding shorts. It's personal choice. My man Willie song " Still Movin to me" is about 3.31 minutes. Another musician could have written same sone in 3 minutes etc. However, same song for 2 minutes will be awful just like longs around 94.50 area this morning."

CL surprises all the time. Direction was clear. When and how the path will be travelled is beyond my skillset. Covered shorts around 92.


Trying to see if sellers are done and we are back to BOX trading/ rotation. Not sure yet. Small longs around 91.23 area. Dangerous area for longs if one is worried about traditional cute stop loss.


Out flat 91.32. There are no buyers. I will rather buy higher rather than guessing when buyers will show up. Gave enough time for PRINCE to show up on a WHITE horse to rescue CL but no go. Probability of one more FLUSH down is high and if no flush down then i will not mind buying at highs once 91.60 area is cleared. It can RUN once 91.60 area is cleared. Longs on pullback once 91.60 cleared is a better set up but we may not get pullback. That's where position size comes in.



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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  #590 (permalink)
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mfbreakout View Post
Out flat 91.32. There are no buyers. I will rather buy higher rather than guessing when buyers will show up. Gave enough time for PRINCE to show up on a WHITE horse to rescue CL but no go. Probability of one more FLUSH down is high and if no flush down then i will not mind buying at highs once 91.60 area is cleared. It can RUN once 91.60 area is cleared. Longs on pullback once 91.60 cleared is a better set up but we may not get pullback. That's where position size comes in.


Sitting on hands for CL. This is why discretionary traders can blow alogs out of water. This can not be coded ahead of time and expect CL will do this and that. One can code typical price patterns but not something like today. Once all the players are on the field , discretionary trader can trade probabilities.

Why CL is not clearing 91.60, i have no idea. Will it do? I have no idea. If and when it does, we know what to do. Till then wait for next flush down. No flush down and no clearance of 91.60- then there is NO TRADE for me- at least today. Binary options in play now and there are no clean set ups except for the EXPERIENCED traders and even then i will not trade with size. For last 2 hours CL in a 40 ticks range- there is no edge for discretionary traders in 40 ticks range.



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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