LOL, "a madhouse of desperation". That's one way to look at it. Maybe I'm just used to crude oil so I like the volatility. As long as I stick to my plan I'm doing ok.
When I don't stick, or change the plan constantly, I don't do well at all.
I can't chase the lower time frames around as there are too many moves. I have been using the 15 and 5 minute chart to identify the trend direction and only trading in that direction on the smaller time frames.
I have to be 100% sure of what the plan is before the day starts and if I deviate from the plan I quit trading for the day.
A quadruple bottom perhaps? Let's hope so as the alternative is not that appealing. 
2 comments:
solfest,
Hope you are making profits these days in YM (IMHO this is a like being in a MADHOUSE OF DESPERATION TO TRADE)
LOL, "a madhouse of desperation". That's one way to look at it. Maybe I'm just used to crude oil so I like the volatility. As long as I stick to my plan I'm doing ok.
When I don't stick, or change the plan constantly, I don't do well at all.
I can't chase the lower time frames around as there are too many moves. I have been using the 15 and 5 minute chart to identify the trend direction and only trading in that direction on the smaller time frames.
I have to be 100% sure of what the plan is before the day starts and if I deviate from the plan I quit trading for the day.
Trading is hard.
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