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COMMON SENSE
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COMMON SENSE

  #831 (permalink)
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mfbreakout View Post
Trading 80 to 85 refrence point. Long 80.29 and out 81.68. Where is first resistance? Where ever we get the strongest and tallest GREEN bar.
Short 81.67. Out some 81.08.


Out 80.80 and looking for longs. Part time lover is no good ( tune is excellent though) and part time trading is not good for day trading CL. It requires focus and confidence which only comes with screen 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.
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  #832 (permalink)
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What happens after kind of PRICE ACTION we had over last 1 hour? Things typically setlles/ slow down and we trade in a pretty defined range. In my previous trading life, i will start trading NY open without having any REAL idea as to what happened yesterday and what happened during Globex session and why it happened. In terms of Why- it's just an educated guess but one need to have some premise to go by otherwise one ends up just looking at jumping prices.

Out flat 81.28.



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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Last edited by mfbreakout; October 23rd, 2014 at 10:41 AM.
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  #833 (permalink)
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Everything up and up. Is there something one can trade from the short side also to balance it out? Out 1227. Please bounce.

" " Lack of inflation and strength in the dollar" is all i look for. Everything else is a side show when it comes to Gold."



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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  #834 (permalink)
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TF from the long side.



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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  #835 (permalink)
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It's all FUGAZI.



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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  #836 (permalink)
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I am not sure why it has taken me 4 years to grasp what Mark Douglas talks about in this video. How can one implement something which he does not grasp? One of the key reasons it took me 4 years to grasp what Mr. Douglas is talkng about is that when i firrst read his book i was also reading lot of other books about trading. After trading all day ( better description will be after getting hosed all day) i had limited energy left.

To make it worse, i did not use my limited time and energy left carefully. During learning process we are like sponge and in search of finidng something which HIT US RIGHT BETWEEN THE EYES we go through all kind of sources/material. Looking back most of it was not good. If i was smart enough to just watch Mr. Douglas video and ignore 90% of other stuff, i would have been better off.

Bottom line 1) Be very selective with what you read/watch during learning process.
2) Learning never ends.
3) If you have to watch and learn from ONLY one source- following video is the ONE. Watch it when you are fresh, without distractions and watch it again and again over a course of months. I try to watch it every couple of months and every time i look at same concepts little bit better, little bit differently.

"THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" is one concept from Mark presentation i have been working 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.

Last edited by mfbreakout; October 24th, 2014 at 09:01 AM.
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  #837 (permalink)
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"THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

One can not be so care free that what's happening in front of a trader he totally ignore it. 2 trades in CL during 3 hours time period since 9 am.

1) Long . Small loss.

2) Short. Still holding as of 11.11 am. Added to short as CL bounced from 80.40 area. Lunch hour coming up , so may go flat soon.



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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  #838 (permalink)
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" Lunch hour coming up , so may go flat soon."

Out flat 80.94. Looking for longs. No flush down came, so i did not take any longs from 80.40 area. CL ran up to ORH again and looks like may try to breakout of the 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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  #839 (permalink)
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mfbreakout View Post
" Lunch hour coming up , so may go flat soon."

Out flat 80.94. Looking for longs. No flush down came, so i did not take any longs from 80.40 area. CL ran up to ORH again and looks like may try to breakout of the range.


Hello MFB,
I presume you will definitely love this one :

TraderFeed: When Stop Losses Stop You From Winning

cheers

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CACFUTURE View Post
Hello MFB,
I presume you will definitely love this one :

TraderFeed: When Stop Losses Stop You From Winning

cheers

" I presume you will definitely love this one " It's an understatement to say the least. " If you have not practised your stop loss in front of a mirror with tears coming down, you have not traded enough".

Love it, Love it. Jsut like love one has to EXPERIENCE heart breaks of stop loss to get it. Don't argue with this one you just can not win as Chris Rock says about her woman. One can have 100 strategies for stop loss but if they are within NOISE, you are done. Don't be the one with a good set up/trade and then say afterward i blew it.

NOTE; Chris believes in Shock humor , so viewer discretion is advised.




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; October 24th, 2014 at 01:31 PM.
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