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  • #1,641
  • May 13, 2020 8:43am May 13, 2020 8:43am
https://www.bloomberg.com/news/featu...t=businessweek
persistence and determination alone are omnipotent
  • #1,642
  • May 13, 2020 8:46am May 13, 2020 8:46am
Quoting detector
{quote} Certainly off the blocks and going that way Li
Would like to see it find resistance at the rising support it breached, will coincide with a possible scenario I posted, all dynamic of course.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,643
  • May 13, 2020 8:54am May 13, 2020 8:54am
Quoting Ll1979
https://www.bloomberg.com/news/featu...t=businessweek
Well it wasn't me, I do have a ladder and used it this morning to put a shelf up
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,644
  • May 13, 2020 9:33am May 13, 2020 9:33am
WTI not disappointing with the spike up,
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,645
  • May 13, 2020 9:44am May 13, 2020 9:44am
Quoting detector
WTI not disappointing with the spike up,
That was a perfect spike, think my one position is enough for today, overleverage was the enemy today, still in the game and fighting tomorrow, for now, with very little to contribute, will sit on the sidelines, feel free anyone to post, as is always the case, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,646
  • May 13, 2020 9:51am May 13, 2020 9:51am
Quoting detector
{quote} That was a perfect spike, think my one position is enough for today, overleverage was the enemy today, still in the game and fighting tomorrow, for now, with very little to contribute, will sit on the sidelines, feel free anyone to post, as is always the case, D
almost a perfect rejection on fib pp.
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persistence and determination alone are omnipotent
  • #1,647
  • May 13, 2020 9:52am May 13, 2020 9:52am
Dow has spiked through the rising support then down, it could become rising resistance if the bar fails to close over, just a thought, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,648
  • May 13, 2020 9:54am May 13, 2020 9:54am
Quoting Ll1979
{quote} almost a perfect rejection on fib pp. {image}
Well pitched, had the setup planned, pity about the squeeze, we see it after the event but wasn't sure Li so I bailed, an education in the making.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,649
  • May 13, 2020 9:56am May 13, 2020 9:56am
Quoting detector
{quote} Well pitched, had the setup planned, pity about the squeeze, we see it after the event but wasn't sure Li so I bailed, an education in the making.
Only observed it the news was to good to short ..
persistence and determination alone are omnipotent
  • #1,650
  • May 13, 2020 10:03am May 13, 2020 10:03am
Quoting Ll1979
{quote} Only observed it the news was to good to short ..
Makes me feel better that I got out, while we have an expected scenario around news, sometimes it's best to be out while it plays out.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,651
  • May 13, 2020 11:07am May 13, 2020 11:07am
EJ closed 115.89 reopened WTI short, 27 think the turmoil in the market will be the deciding factor for oil demand, 20 target again,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,652
  • May 13, 2020 11:10am May 13, 2020 11:10am
Quoting detector
{quote} Makes me feel better that I got out, while we have an expected scenario around news, sometimes it's best to be out while it plays out.
we're in it for the long haul not to gamble
persistence and determination alone are omnipotent
  • #1,653
  • May 13, 2020 11:15am May 13, 2020 11:15am
Quoting Ll1979
{quote} we're in it for the long haul not to gamble
Taken the short Li now the numbers out, yesterdays fall in the Dow dragged oil with it, think were having a similar day, D
EDIT
If nothing else to get my loss back
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,654
  • May 13, 2020 11:20am May 13, 2020 11:20am
I prefer best of both worlds.. Meaning, I love LONG-term snowballing, slowly but steady.. but to be fair.. I prefer it to ROLL it FAST and then WAIT/REST a bit... But do not mind waiting in some BIG position, without leverage even.. BUT ALSO...

I love to risk or even GAMBLE (with at least a bit of a juice/skill into it since we know what the endgame of any gambling game is, if you do not stop, since HOUSE...).... but with smaller deposit... For example... Why not rolling some bigger money and also trade the smaller frames with small money and play with compounds..

For example... I would be LONG gold.. but can also short/long it in parallel account, strategy, balance...

So, LONGTERM, SHORTERM, GAMBLING, LUCK, SKILL, CHANCE, KNOWLEDGE? YES

Can you afford to take that chance?
  • #1,655
  • May 13, 2020 11:20am May 13, 2020 11:20am
Dow hitting the outer boundaries on the hour chart, could have a bounce from here
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,656
  • May 13, 2020 11:27am May 13, 2020 11:27am
Quoting auricforecas
I prefer best of both worlds.. Meaning, I love LONG-term snowballing, slowly but steady.. but to be fair.. I prefer it to ROLL it FAST and then WAIT/REST a bit... But do not mind waiting in some BIG position, without leverage even.. BUT ALSO... I love to risk or even GAMBLE (with at least a bit of a juice/skill into it since we know what the endgame of any gambling game is, if you do not stop, since HOUSE...).... but with smaller deposit... For example... Why not rolling some bigger money and also trade the smaller frames with small money and play...
Hello Auric, good to see you and hope your well, like the idea of bigger position size with less pips, unfortunately it's a dilemma of mine starting with nothing more than a cent account, as of yesterday the account turned 50% however today it has lost about 10%, robbing one for the other, I am starting to look at being more opportunist about profit, if the strike is there i'm probably best suited, created a storm today by letting things roll too long without closing, thanks for taking the time to post, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,657
  • May 13, 2020 11:29am May 13, 2020 11:29am
Quoting detector
EJ closed 115.89 reopened WTI short, 27 think the turmoil in the market will be the deciding factor for oil demand, 20 target again,D
Closed with a small profit, getting something back, noticing the bounce in the Dow made my decision, D
EDIT
26.86
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,658
  • May 13, 2020 11:35am May 13, 2020 11:35am
Quoting detector
{quote} Hello Auric, good to see you and hope your well, like the idea of bigger position size with less pips, unfortunately it's a dilemma of mine starting with nothing more than a cent account, as of yesterday the account turned 50% however today it has lost about 10%, robbing one for the other, I am starting to look at being more opportunist about profit, if the strike is there i'm probably best suited, created a storm today by letting things roll too long without closing, thanks for taking the time to post, D
I use it like this... I breakdown to 2 MAJOR components...

  1. PRICE PREDICTION (did it happen at all? In what timeframe and how much it went into counter before it went "there"
  2. HARVEST STRATEGY (what TP, SL, LEV combo would be best)...

So as long as I have price prediction strong.. and I get SL because of some harvest problem... I am still happy that at least the important component worked... can always adjust the harvest... Basically... I am doing only ONE trade... PRICE PREDICTION and then I apply different harvesters... For example if you would "know" that the price will be within X time.. or "eventually" (within reason)... and if you are not sure when exactly and if there would be any turbulences.. then higher AUM, lower LEV (if al all) might be good... but if you see ADDITIONAL opportunities WITHIN that timeframe... why not ATTACK it AF... with POCKET CHANGE but with ULTRA LEV.. specially if it follows the "SLOPE" "like a boss"... I use output of my price prediction model and then check the "expectations vs reality" and adjust the HARVEST(s) accordingly...

So...if you were up or down doesn't tell me much, except that prediction+harvest overall was maybe not optimal, but which part? Was prediction OK but harvest to tight or the other way around?

Can you afford to take that chance?
  • #1,659
  • May 13, 2020 11:36am May 13, 2020 11:36am
Interesting the volume ticked at the bottom, bounce may continue, still 30 mins of the hourly bar to go, all may change.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,660
  • May 13, 2020 11:43am May 13, 2020 11:43am
Interesting guy (Brett Steenbarger) to follow on youtube:

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persistence and determination alone are omnipotent
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