CL Redux

out + 400 on this trade , again re entered and lost 100, so net $300 on this setup.
CL is bouncing back up, I was lucky , looks like for me greed is not good.

 

Greed was good if you were short at the open.

Also if you were bottom-fishing at .30-ish.

Nice trade, congrats.

 

Welcome back MrB.! You have inspired me to purchase the Windotrader software and I've just finished reading Markets in Profile for the 2nd time. It now seems like for the last 6 years I've been clueless. Now I at least know why I'm wrong!

 

I am glad that it helped. Like I always say, any questions feel free to ask.

 

Mr. Bo Chin, do you re-evaluate your profile as the session progresses? For example, right now, it seems we're building a new value area between 82.00-20 and 81.40 with POC at 80.60-ish.

Or do you stick to your initial profile for the rest of the day?

Thanks.

 

I use yesterday Market Profile, I star taking in consideration todays MP after 1PM, if it has a define structure, like a "big belly" that's when is in Balance,

 

MP looks interesting, I read about it few years back but never thought of actually using it,I will see how I can use it in CL.
e.g. if I knew about MP usage today I would've waited till 81.40 , 100 ticks instead of just taking 20 ticks.
I have downloaded the book Markets in profile.

 

Yes its good, and also tell you pretty much what the market is trying to do.

 

:eek:

 

Wao!
81.35.........that's the key for me, we failed again, maybe the third one is the charm