Quick post, my original charts disappeared into the ether. I scratched this CATB trade today. There is always a BOUNCE. I keep repeating that, but it is referring to the #1 (90+% probability) and the #2 EAs (#2 less probability than the #1). The #3 EA is lower probability. So if I do that trade, I am very mindful of the probabilities, hence will not give it much room. The push into 2.10 (around 12:30) looked a bit “upthrusty” to me, so I put in a scratch stop – “not give it much room”. Trading is specific trade setups and the probabilities of those setups. Period. Please learn that and implement it. And again, look at the great BOUNCE off the #1 and the #2 not great.
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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