I was looking for a bigger move, so I'm okay with - 9,0. Entry was okay, but should have stopped out sooner.
Those who trade long enough to aware of that there is usually trend reversal ~2pm or 3pm whenever PA is bearish/bullish. That'd be a good time to bet on the upside.
My last post. ============= This is the best week ever of this year so far. I trade like a maniac both ETH & RTH sessions this Thursday & Friday due to high volatility. As you can see from stats, I put in a dozen of losing trades, but I managed to keep losses at minimum while letting winners run until PA momentum fades. ============ My wife and I are going away for few weeks as I need a break. Good luck to y'all and take care. ===================== This could be the last time to post my blotters in this journal.
My uneducated guess would also be a close around 4300 which leaves everybody quessing in the weekend. Then monday a big green day to tease weak shorts out. I think someone in Tokyo is ordering an extra sake And no drinks @ARKK
The "barometer" is definitely ticking lower. If we tank today I may be ballsy enough to enter a long by the Close. We'll see.
My wife is still sleeping right now as it's 11:29am EST. (yeah I know, she is lazy right? ) So, I've a bit of time to spare on ET while in a good mood lol... ==================== Every time when PA is locked in, my terminologies, on multiple TFs, PA spikes up fast or drop like hell. After that, PA needs to unlock on each TF which is what it's doing right now. This is where rookies who day/swing trade make mistake. They think that PA will reverse from here or forming a trend reversal which is not true in 90% of time. This is where they've to keep cutting losses from both sides. When PA is going through the process to unlock on each TF, it will either move in a sideway range or pushing for a LL while PA is bearish or HH while PA is bullish. Knowing how to read PAs on mutiple TFs will certain improve your PnL. The most important question is how do you know when PA is finished the unlocking process? If you do, making money isn't that hard from trading afterward. Ciao.