AHG - Profitable Strategy for Struggling Traders

Ok let's see if I can explain my reasoning this morning.

1st whe had a good gap up from previous close, so now I'm waiting to see whether the mkt wants to fill it, plus we are right at psicological (how the heck do you write that in English) barrier :2100 whole number.
1)I see a couple of mini LL and LH, good enough for me at this moment of the day, I short the bastard LOL.

2)What follows is a series of LL & LH, I short again.
50% of gap is often a point of pulback I take my profit

3)Short again on another LH

4) A strong pulback on this one, I know, I'm looking at the way those series of candle top are slowly but steadly drifting downwards, I see momentum and go with the flow

5) That was quite stupid, we were at LOD and I shorted above the resistance, should have been a trade on the long side, no biggie I have a small stop

6) Triangle breakdown

7) I missed the W formation to write this sh*it rofl, that's ok ehe, now I'm going to the gym for a Sauna and I'll be back for the afternoon session, hope you'll find it helpful

Ps. Excuse my so so English

 

I did too... but I got long at 76! (right around noon) See the area where the low was 75.25? Pretty good entry, but I moved my already tight stop to b/e too soon and I got stopped out B/E... then it shot up.

 

Cheers for that mark

Are you in Finland by any chance ? (Sauna)

 

Nope , Italian but citizen of the world

Bye

 

Hey Einstein-

if you fund with 5k and make 10 trades /month- platform fees are waived.

 

Thanks for the info.

 

Well, I am a little upset I closed out a forex trade too soon, I had a profit target that it would have hit.

Note: I am not using same method as all of you to trade.

But what I share is that when you are trading with real money and are in a profit, its very hard not to take it especially when you increased the amount that you trade for the 1st time in a few weeks.

Have any of you increased contracts yet, and if so, have any similar problems?

 

I have a confirmed double bottom in my equity curve since the start of sim trading. I'm in an uptrend now.

 

Nothing wrong with being conservative and taking a profit at first. Don't worry about what you left, Think about what you took, and wait for the next good setup.

 

Mark ,

thanks for the chart and analysis , what various share vol charts are you watching during the day ? and what indices ?