912.50 target level filled.........next target now set at 902.50 and stop for 922.50 entries at 922.00, where I will pull those positions off on any rally back to that level to look for sell entries at a higher price (near todays HOD or up into the ROCK SOLID 924-927 DELTA ZONE).
What you have here is 15k contracts flipping short at the "line of scrimmage" and about twice that in the 2-pt zone below that during that 1-hr long mini H&S development that painted the top. 4c, D.
I trade up to 6 levels per trade when I trade my style, so today I was not at "full clip". I have also spent a LONG time developing my trade entry/management style and I know full well what the limits of my trade management system is. I scale in/out positions as needed to maintain a certain "cost basis" threshold from current price....that is how I trade.......always. Also, today I knew I was still holding some 926.75 entries from the other day, so I had my exit set up if price rallied right on up through the 924-927 delta zone. I build up a full position over a range of price according to the order flow that I have to work with. Today I was unable to build a full position (came close), so I now have to somewhat stretch out my profit targets over time as able to fullfill the eventual risk/reward component. I am not willing to trade bigger position size with only ONE static entry.....one static target......and one static stop........NO THANKS! I am not good enough as a trader to always catch nice moves in the market with only one perfect entry and profit target......That would make this game too easy!
Drive for show, putt for dough... one is money management, the other is calling tops, you decide which is which D.
Sounds good......I can't pick tops (or bottoms), but I do know how to get in the market (gotta be IN to WIN....LOL!) and mix it up to see if I can catch one!
I have consistently seen AMT catch the intermediate term trend within the primary trend. It seems to me he takes shots at areas of high probability taking base hits and then when it turns into a home run he is sitting VERY pretty. As you guys can see, his real time trades has worked out terrific....lets get this intermediate term downtrend going!!!!! Maybe next couple months could be a downer.
I'm just reading the numbers after the fact, that's nothing compared with what AMT is demonstrating with money management in real-time. D. Note to self: need to see that movie "Courage Under Fire" again.
I don't think most are critizing what I do (well maybe a few.....:eek: ), I just think that most traders are lead into more convential "inside the box" methods (from books, courses, other traders, etc). I decided years ago "TO DECIDE" for myself what was going to be a method that I can trade and work with.....not contained within conventional thoughts/mentalities......this is what works for me.
The market IS IN a bear environment overall, and today having the 924-927 delta zone above was very influential in how I traded today.