Thanks to my wife for her loving support. Thanks to Brain Zimmerman and Lance Beggs for their friendship, support and coaching.
"The world aint all sunshine and rainbows. It's a very mean and nasty place and it doesn't care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't about how hard you hit, it's about how hard you can get hit and keep moving forward...how much you can take and keep moving forward. THAT'S HOW WINNING IS DONE!! If you know how much your worth then go get what your worth, but you have to be willing to take the hits, and not pointing fingers saying you aint where you want to be because of him, her, or anybody. Cowards do that and that aint you. You're better than that". Rocky 6
Monday, January 30, 2012
Friday, January 27, 2012
Thursday, January 26, 2012
Wednesday, January 25, 2012
Thursday, January 19, 2012
Wednesday, January 18, 2012
Tuesday, January 17, 2012
Friday, January 13, 2012
Tuesday, January 10, 2012
Monday, January 9, 2012
Friday, January 6, 2012
Thursday, January 5, 2012
CL 1-5
not happy that crude moved as much as it did and i didnt engage. Maybe i didnt sleep well and my judgement was off but i had a hard time finding entry areas that i thought didnt have major conflicts (short into support area, long into resistance, ect) Too much discrestion ??? maybe
Wednesday, January 4, 2012
Tuesday, January 3, 2012
Wednesday, December 21, 2011
Monday, December 19, 2011
Thursday, December 15, 2011
Over the past few months as I made the switch to crude and I had some difficulties engaging the short side. Timing was hard as price action was whipping around the area I planned to trade in. I was only taking long trades as I had better success with those. The short side was going to have to wait until I gained better confidence on my timing. One thing that laid in the back of my mind was its just not a market to be short in. Only time will tell. I think that time has passed and over the pass few weeks as crude is trading lower with good momentum the entries on the short side are better. The timing is not as wild. Reason?? Through screen time i gained an understanding of price action and seen strong markets and how difficult it is to fade them. So my theory remains true and the problems I had shorting crude (correction /reaction moves) when it was in a strong bullish market it just simple..... it not easy fading a strong market so don't do it. Look at the daily below
In order to fix a problem I have to identify the problem. Next for me is to take what I learned and apply it. In hindsight is all easy to say I should of could of. Since I don't trade in hindsight and trade in the moment I need to learn how to adapt to this. First thing that comes to mind is don't take the amature route and start looking to changing the whole system. If I'm having trouble with entries take a step back and look for reason. Ask and am I on the right side? Now don't look into this too deep and after a couple of losers freak out. Just be aware or the surrounding. I don't know if a market will continue to blast in a trend until its over so I have to realize that. I don't know if a sup/res level will hold and in a strong trend it will always look extended
(over sold/bought).
How do I adapt?? To be continued....... I'm hungry
Tuesday, December 13, 2011
12-13
Big push up at the open
Timing the short had been an issue with CL.something to study and work off of. Crude fell apart after its maga run up at the open but expected a macro complex structure to develop.
Hard to say since its after the fact but those first 3 trades on this chart could be forced as its not clear on
direction yet but its close. support does hold and shorts could be ready cover so I wanted in.
good trade these are what i like. I was not fast as i should have been here and it cost me 2 ticks.
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