It's been an expensive lesson but I have come to that conclusion as well. The ego thrives on lifting itself above others or pushing others down and scalping is immediate gratification for the ego. So trading futures in a position mode is going beyond where few traders have gone before.
Last two trades shown. Long at 23 for 2pts and long at 27.25 for 2pts. No divergence on the last trade. Took it straight from order flow. No down tick on the delta and then initiated buying began. Perhaps a bit risky. You can see I barely got filled. Switched from esignal to IQfeed. Way better...
Hi Veggen,
Here is how I played it. Took the second two trades. You may consider using a candlestick for your CD. Easier to note Initiated buying and selling.
Just a thought.
Travis
I totally agree and understand your point. The discussion in your threads has presented the ingredients of your method. And only after reading and rereading your threads and studying Auction Market Theory am I begining to SEE the setups based on understanding order flow and inventory and working...
AMT, thank you for the charts. They are really helping me develop a feel for reading AC. And understanding potential short falls and strong points of its use.
Today was brutal for me. I kept trading for the pullback. Anyone have a recommendation of a trading rule when to stop countertrending the market? And when it finally did pull back I was too emotionally drained to participate.
Give me something to learn from. That's why I'm here. Teach me. I'm open to learning from more experienced traders. Trying to get some dialogue going here. Hello. Hello...