Just Trading -- Thanks for an absolutely Excellent Post. This is what makes me decide that there may be some merit for me to continue on with posting on ET and this Thread. No, I have no ax to grind. No, I am not a vendor -- just someone who believes that trading is really simple and that most can be profitable if they will just learn some simple methods (and eliminate what does not work). I too have posted that it is important to quickly and correctly local support and resistance and then determine how that provides "structure" for the trade; that will define risk and targets as well as determine the time frames necessary to make the proper trade mechanics.
I am studying on how to post videos. I realize that those would be best to explain the trades I make. I have communicated with Baron, owner of ET, and am awaiting his answers for posting MP4 videos. In the meantime, the offer of doing complete and thorough explanations and answers to your questions are still available on Skype -- Please see the post above for Skype Contact. It works quite well for this and those who have availed themselves to get clear answers (and perhaps continue to chop on me) have found it useful. Thanks. Today being a non-trading day, Saturday, I will spend some time Doing what the Dharma Dog Mediator is shown doing. Love that Picture - thanks. (Can't train our dog to do it - but showed him the picture).
The above 2 charts show using fibs to scalp on 5 min chart (CL = Crude Oil future) These are Live Trades (real money) took only a few minutes. Both winning trades. This is easy and mechanical trading method. Works.
Hi MACD, I am interested in this way of trading. You seem very knowledgeable and I would like to know more about your method.