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Mike Rowave

Joined: 14/01/18


Comments by Mike Rowave
Crude Oil WTI Sep 20, 2021 3:59PM ET
 Many ways to skin this market for profit...if today that indicator provided clearer movement to you...then that is great.  Now the choice is ...is that your tool to make money in the market and find the markets that offer similar type movements or accept that CL will offer something different over the course of time in which any and all markets do until the cycle is complete.  A strong Weekly uptrend will perform differently then one that is consolidating or downtrend ...thus during that cycle the method may not perform the same as it did today since the market conditions are now different then back in Dec of last year.  That is a tough hurdle ...it worked for the past 12 weeks perfectly...now it is junk...and its not that...the market has changed. Many ways to skin this market for profit...if today that indicator provided clearer movement to you...then that is great.  Now the choice is ...is that your tool to make money in the market and find the markets that offer similar type movements or accept that CL will offer something different over the course of time in which any and all markets do until the cycle is complete.  A strong Weekly uptrend will perform differently then one that is consolidating or downtrend ...thus during that cycle the method may not perform the same as it did today since the market conditions are now different then back in Dec of last year.  That is a tough hurdle ...it worked for the past 12 weeks perfectly...now it is junk...and its not that...the market has changed.
Crude Oil WTI Sep 20, 2021 3:59PM ET
 The number one thing to learn about trading...controlling your mental state.  My boy...the reason that trading came so quickly...no emotions to it.  He is not attempting to make a million bucks quickly, allows for a loss with ease even though he stuck to the plan...etc.  In time the plan showed that you can make money ...but he still to this day has not emotions towards a trade. The number one thing to learn about trading...controlling your mental state.  My boy...the reason that trading came so quickly...no emotions to it.  He is not attempting to make a million bucks quickly, allows for a loss with ease even though he stuck to the plan...etc.  In time the plan showed that you can make money ...but he still to this day has not emotions towards a trade.
Crude Oil WTI Sep 20, 2021 3:59PM ET
 Very well said about indicators.  If you are new...larger timeframe to see market movements is good and it allows you a longer period to really think about the meaning of the move.  If it takes 4 Hours to print the next candle...that give you alot of time to watch things unfold on a lower time frame to aid in your decision process.  In time market movement will become clearer...and you will discover the reason for what the "training wheels" provides.... Very well said about indicators.  If you are new...larger timeframe to see market movements is good and it allows you a longer period to really think about the meaning of the move.  If it takes 4 Hours to print the next candle...that give you alot of time to watch things unfold on a lower time frame to aid in your decision process.  In time market movement will become clearer...and you will discover the reason for what the "training wheels" provides....
Crude Oil WTI Sep 20, 2021 3:59PM ET
 100% agree !  What ever method you select...and there are many that work equally well....it must meet your personality type first and foremost.....otherwise it is a challenge or battle to overcome a winning system since it goes against your basic subconscious you use outside of trading....that normally is a huge hurdle when starting out.  Once a method is selected...then muscle memory it to no end to make it part of your subconscious during the other big issue with trading...emotions. 100% agree !  What ever method you select...and there are many that work equally well....it must meet your personality type first and foremost.....otherwise it is a challenge or battle to overcome a winning system since it goes against your basic subconscious you use outside of trading....that normally is a huge hurdle when starting out.  Once a method is selected...then muscle memory it to no end to make it part of your subconscious during the other big issue with trading...emotions.
Crude Oil WTI Sep 20, 2021 3:59PM ET
 Figured they did not either...but ya want to talk big...nothing bigger then a sumo guy.  Amazing how graceful they can be at that size. Figured they did not either...but ya want to talk big...nothing bigger then a sumo guy.  Amazing how graceful they can be at that size.
Crude Oil WTI Sep 20, 2021 3:59PM ET
Journal Price movements for your trading time frame and your entry time frame....its a pain to do but you will discover alot of cool things when first starting out.  In time it will offer you nice rewards...sometimes 3 days running and within that 2 in one day...not unusual for this type of thing to take place....IMHO.
Crude Oil WTI Sep 20, 2021 3:59PM ET
VIX broke 28.00...free tree removal money..Whoo !
Crude Oil WTI Sep 20, 2021 3:59PM ET
 Famous Sumo wrestler....to address a statement that the "big players" will drive this down.  He post sell for the past week or more...nothing else.  Just matching the value that this post brings...no price...no reason ...nothing else.  But the real user behind it...it is a given. Famous Sumo wrestler....to address a statement that the "big players" will drive this down.  He post sell for the past week or more...nothing else.  Just matching the value that this post brings...no price...no reason ...nothing else.  But the real user behind it...it is a given.
Crude Oil WTI Sep 20, 2021 2:59PM ET
No more Who can ever forget....Asashōryū Akinori...amazingggg ??????
Crude Oil WTI Sep 20, 2021 2:59PM ET
nice session repeat....
Crude Oil WTI Sep 20, 2021 2:59PM ET
 Big leader on the board that is green for the day...and of the 10 that are green...big jump from the rest of the pack that is for sure...the rest is red.  We still have went to cash yet... Big leader on the board that is green for the day...and of the 10 that are green...big jump from the rest of the pack that is for sure...the rest is red.  We still have went to cash yet...
Crude Oil WTI Sep 20, 2021 2:59PM ET
VIX almost 28.00 today....
163215417788555.jpg Crude Oil WTI Sep 20, 2021 12:59PM ET
163215417788555.jpg
NY Session Lunchtime
Crude Oil WTI Sep 20, 2021 12:59PM ET
 It great weather...My brother came into town and used his seats..my wife, son  and aunts used the mixed up set...the club house was some close friends that always want to go the games...and my brother in law cooks for the tailgate...so it was a great time I am sure.  My brother in law drives up for every home game from DC.  So this week coming up is lawyer week for my seats...not sure what my brother is doing with his...and brother in law will be tailing gating with his normal crew.  The last game I went to was about 3 or 4 years ago.  5 bucks for a water and beer is less then that...my son just does not understand.  He was not allowed to even purchase a water by himself since he did not have ID...needless to say he was not happy. It great weather...My brother came into town and used his seats..my wife, son  and aunts used the mixed up set...the club house was some close friends that always want to go the games...and my brother in law cooks for the tailgate...so it was a great time I am sure.  My brother in law drives up for every home game from DC.  So this week coming up is lawyer week for my seats...not sure what my brother is doing with his...and brother in law will be tailing gating with his normal crew.  The last game I went to was about 3 or 4 years ago.  5 bucks for a water and beer is less then that...my son just does not understand.  He was not allowed to even purchase a water by himself since he did not have ID...needless to say he was not happy.
Crude Oil WTI Sep 20, 2021 11:59AM ET
 The ones for the club house transferred with no issues.  The other set was a mess...and when they went to use them...on the phone they showed correctly but when scanned...they were switched with one another.  Of the 25 people at the tail gate yeterday...over half had some sort of issue.  This weeks game the people getting all my seats are aware of the issue...they have hockey tickets and well aware of the issue.  The funny part...over half that are using my seats...lawyers working some large firms here in town.  So I am not worried about what will happen...since the Rooney name indirectly is pretty big in those circles...haha. The ones for the club house transferred with no issues.  The other set was a mess...and when they went to use them...on the phone they showed correctly but when scanned...they were switched with one another.  Of the 25 people at the tail gate yeterday...over half had some sort of issue.  This weeks game the people getting all my seats are aware of the issue...they have hockey tickets and well aware of the issue.  The funny part...over half that are using my seats...lawyers working some large firms here in town.  So I am not worried about what will happen...since the Rooney name indirectly is pretty big in those circles...haha.
Crude Oil WTI Sep 20, 2021 11:59AM ET
 3 days with that play book...nice to get a second serving... 3 days with that play book...nice to get a second serving...
Crude Oil WTI Sep 20, 2021 11:59AM ET
Pretty close to the open of the session...think they got done what they wanted...
Crude Oil WTI Sep 20, 2021 11:59AM ET
 Loan Sharks... Loan Sharks...
Crude Oil WTI Sep 20, 2021 11:59AM ET
I remember that...nice. That retest of mid April support level in BTC has had a nice challenge in crypto for sure...
Crude Oil WTI Sep 20, 2021 11:59AM ET
what happen to your 71.50 average was the base...?
Crude Oil WTI Sep 20, 2021 10:59AM ET
that was quick....
Crude Oil WTI Sep 20, 2021 10:59AM ET
 So many business adopted that method a few years ago.  The issue with it was reflected during the frame recall on the trucks.  That showed the flaw.  Will Toyota ever get back the high end customer...4 runners and such...doubtful since they never did anything for them.  I have a neighbor who "was" an extreme Toyota fan...bought many of them.  Has a van with about 250,000 miles on it and just a few years old.  But due to the frame recall...and his high end 4 runner not covered...and he can not drive the car and it has been over 5 years of patching it...he bought a Mercedes version of it...and never will by a Toyota product again.  The same will happen...modern big names will fade and new names will claim the market share.  Normal product life cycle...just now accelerated....Remember names like AOL, Micron computer, Western Digitial...etc.  The ones that adapt to the form of business or purchase an up and coming will win...Ford and Apple joining forces...dropping the car line ...yep. So many business adopted that method a few years ago.  The issue with it was reflected during the frame recall on the trucks.  That showed the flaw.  Will Toyota ever get back the high end customer...4 runners and such...doubtful since they never did anything for them.  I have a neighbor who "was" an extreme Toyota fan...bought many of them.  Has a van with about 250,000 miles on it and just a few years old.  But due to the frame recall...and his high end 4 runner not covered...and he can not drive the car and it has been over 5 years of patching it...he bought a Mercedes version of it...and never will by a Toyota product again.  The same will happen...modern big names will fade and new names will claim the market share.  Normal product life cycle...just now accelerated....Remember names like AOL, Micron computer, Western Digitial...etc.  The ones that adapt to the form of business or purchase an up and coming will win...Ford and Apple joining forces...dropping the car line ...yep.
Crude Oil WTI Sep 20, 2021 10:59AM ET
 NG is more weather sensitive then CL...but since all producers of anything as reflected in any current supply chain is not in a normal state...anything is possiible.  So many companies adopted the Toyota inventory method that it will be awhile before true progress will be felt....IMHO. So with that being the case...many companies that returned stock prices back to normal price levels without the "true" business behind it...there will be an impact of that type of rise in the markets.  The ripple affect and how long that will last...I did not forecast that far out...I like 6 to 8 months...watch for movements that cancel or confirm that projection during just a long window of time.  No different then trading a 15 min chart while monitoring a higher time frame to complete its move... NG is more weather sensitive then CL...but since all producers of anything as reflected in any current supply chain is not in a normal state...anything is possiible.  So many companies adopted the Toyota inventory method that it will be awhile before true progress will be felt....IMHO. So with that being the case...many companies that returned stock prices back to normal price levels without the "true" business behind it...there will be an impact of that type of rise in the markets.  The ripple affect and how long that will last...I did not forecast that far out...I like 6 to 8 months...watch for movements that cancel or confirm that projection during just a long window of time.  No different then trading a 15 min chart while monitoring a higher time frame to complete its move...
Crude Oil WTI Sep 20, 2021 10:59AM ET
Who can ever forget....Asashōryū Akinori...amazingggg
Crude Oil WTI Sep 20, 2021 10:59AM ET
 Been a great trade since 2.25 area...but they two are not linked..just my thoughts.  that 2.25 rise was not as easy as the Nov rise in CL...trust me. Been a great trade since 2.25 area...but they two are not linked..just my thoughts.  that 2.25 rise was not as easy as the Nov rise in CL...trust me.