You waited for confirmation as always? By the way... since i've read your thread and started trading futures (sim) I havn't had a down day in 2 weeks (the first week I was really off by myself but the second week I got a lot of confidence from the journal to be able to execute the plan). Today was my first loss... I should probably preface this by saying that I have been swing trading equities for about a year before this and was following a similar style. However, I have always thought that my time frame did not suit my psychology and this is only reaffirming this. So its not overnight success, but the culmination of bits and pieces that i've picked up along the way that were useful. Your journal has had the greatest impact on my trading in the time span that it took me to absorb the contents out of anything i've done throughout the year.
Just a comment for my friends who have only dome sim trading. Funny how when you go from sim to real money, the levels of emotion generated by fear, greed and the fight or flight instinct become so exagerated. It's when I'm in such a weakened state that the lizard brain takes over. I'm sometimes surprised at what it has done when I review the day's trades. Today was back on track after a Lizard day yesterday. (Lizards want that fly right now!)
Please take a moment of your time to examine this chart. Slice and dice it anyway you like. Some might know what it is some might be surprised. If possible post your comments on the journal. Thank you. Anek
its the NQ weekly chart the 2 lines are 2371.25 1996.25 this is the NQ futures of course still trying to figure out what u are pointing out