Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Limit sell entered at 2356.00 . We're at 2347.25 at the moment.
wow looked like a nice day so far. No post, trades, charts today as we have power outage. tried to wait it out, but has taken 5 hours. generator up and running. will hopefully be here tomorrow.
I like pullback. It helps give a springboard to higher levels. . --Once again looking to overcome the resistance at 2349.50.
If your entry/exit chart is the 5 minute chart, never look at the 1 min. --If your entry/exit chart is the 15 min chart, never look at the 5 min chart. --If your entry/exit chart is the weekly chart, never look at the daily.
It is not essential to look at extremely short term frames like the 1 and the 5 to day trade. You can see what they are doing when you look at longer frames. Looking at the 1 and the 5 will have you in too many trades and more likely, bad trades.
Stop raised to 2329.00. Pricing is 2346.50 now
It's all a matter of how often you want to enter a trade.
True. My better trades come from larger volume based charts. smaller volume can have you flip and reversing all over the place. trying to catch the runner.
In addition, it's real easy to forget or mistake context when looking at the small charts.
Separate names with a comma.