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I think the obvious is not so obvious because we are impatient some get a high from the adrenaline rush of trading. In other words, we like to pull the trigger, be in action and in the action. Good trading is more like a sniper's waiting game. Most days are not obvious, and on these days...

Lets go do it ! :D FoN

Looks like the destruction is on me. What a horrible call. Sticking to my stop but I'm not hopeful at this point :( FoN

If there was he would not be as exciting :) FoN

My first language is not English so I tend to make mistakes all over the place when expressing myself. Sorry about that. FoN

Ya the downside is limited today but in the big picture is not. I'm thinking covering at those areas you mentioned then reshort higher to continue the short swing. FoN

Thank you atticus. FoN

Im filled 1185 stop 1205 Target, destruction FoN

Bidding 85, 20 point stop Open target of > 5x FoN

Sure was early Stopped -7 FoN

Second target achieved 64, +25.25 Shorted 64 filled, stop 71. Open target FoN

Asking 64 to exit long Will reverse short 64 With 71 stop FoN

Took 54.50 from high 38s, as 1st target. Rest for 65 Stop to entry 38.75 EDIT: Asking for gap fill today is absurd FoN

Based on new developing price action I am forced to reduce my 1st target below 60. Will update when I exit, still holding. FoN

Bought 38.75 Stop 24 Target 1 65 Target 2 Gap Fill FoN

You could do treasury bills.

Ya if i want to know the trend or lack of I just look at the timeframe im trading and draw some channels using my eyes, nothing will ever top that. I get it.... Now try it for thousands of instruments :) FoN

Careful with averaging down as it can interfere with proper risk. Just because you can get a better fill than your initial entry does not mean you should increase risk because we never really know if the trade will work or not and by adding to the trade you are very much increasing the...

Laugh all you want, it only shows your ignorance. FoN

Channel trading is great, the problem begins when the trader gets infatuated by daytrading and scalping and begins using them in noisy timeframes. Sure once in a while they work great in a 1 min chart but that's the exception. Stick to the hourly chart as an absolute minimum. What makes...