CLICK HERE FOR TONIGHT'S 26 MIN VIDEO COVERING PREP TACTICS AND VIDEO WITH AUDIO COMMENTARY OF TODAY'S TRADE IN HD
This may be a short week but we have more than a week's worth of content over the past couple days.
I did another enhanced video tonight. I may be making these too long but there was a lot to cover.
In tonight's video, I have some more thoughts on the break even earlier this week that I failed to mention last night, a live trade video showing an order malfunction and violent action, and a good analysis into how I created the prep this morning.
My read this morning was very clear and I knew what I wanted to do. I was a little concerned about the prep overlay as the day went on.
The volume and volatility was so high that I nearly ran out of space for the green bars on the prep. I have yet to have the price action go bigger than the space I allow on the prep.
I caught a good chunk of the short today but left some on the table.
I am not going to complain about it tonight because that was the goal. I have revised my trading plan a bit to allow for higher probability profit targets.
The basic version of this is to exit at the first natural area where the market could reverse against my position.
This does not mean I am going to start taking 6 tick profits or not let the action pivot against me.
I am basically going to start exiting at about 50% of the way to my full target. It sounds simple enough. Let's see how it works.
I will let the video commentary do most of the talking tonight.
The last written note for tonight is that volatility has returned to the market and this mooring's action was fun to participate in.
I have not been able to say that in a while due to the tight grind and tough trading.
Once I saw the contraction acting like it was this morning, the adrenaline started pumping and I immediately went into a state of extreme focus.
This is the type of mode I strive to maintain. I am not always there yet but I rarely lose when in I achieve it.
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