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Traded The CL again today. Saw the vision clearly. Had only 1 gift and 1 break even in the lot. I needed to break that 5 gift run I have been having. It's Monday morning, the start of a new week, the sun is shining, the birds are singing and all is well.
“The more I am around people, the more I love my dogs.” ~Author Unknown
Thanks for sharing. Yes, the streak wasn't looking good, but regardless you kept your head in the game. Good trading today as you show consistent gains daily. That is the goal!
With your first trade, you said you would have entered if you had been there when it hit the 50% on the larger TF; you also said that you are okay doing this but on shorter swings you prefer waiting for 61 or 76. Is there an objective reason for this or is this more based on your screen time? Also, it looks like the 50% coincided with a previous S/R level, would that add strength to your conviction to short this without confirmation?
Thanks Horst, I certainly appreciate your videos and your professionalism!
Hi Josh, thanks for watching and the nice comments.
The 50% on a larger TF is a very powerful S/R level, but on the smaller TF I choose not to enter but wait instead. I would rather wait for a longer run coming from the deep or DB/DT area (never a 62 ret). At the 50% on the lower TF the run is 1/2 over IMO
“The more I am around people, the more I love my dogs.” ~Author Unknown
Thank you Bluemele for taking your time to reply to my question!!! Your answer was full of information I was looking for. Moreover thank you for suggestion to read more posts.
On the other hand if I was looking for an answer from you I would have asked you my question directly and not via Hurst. But as I recall I did not have your name mentioned anywhere in my request. But thank you!!!
After my review of the post I continue to seek an answer to my original question if not to much trouble.
In case it is not possible to get an answer because information is proprietary there is no problem. Once again Hurst thank you for your videos and commentary.
It is there and more.