Not a very exciting week. With all the conflicting economic data, it will be interesting to see what kind of mood investors are in next week.
Did you decide to sit out the rest of the day after the two bigger than usual losses? Or did you not get any further entry signals yesterday? Just curious and still good results so far.
I limited myself to one trade today. Why? I wanted to focus on discipline today. * Price opened above pivot * Daily Pivot held on the retracement * Waited through most of the lunch hour * Went long on confluence. Certainly no guarantee of not getting stopped out on this trade, but, I was confident pulling the trigger. (1) +10 (1) +18 Another opportunity presented itself at 3:30, but, I didn't take it. ie Notice the long consolidation period between 2 to about 3:15pm. Not a big day pts wise, but, it was a positive day.
Nice down trend day. Everything on the market screen was red. A/D lines were in a downtrend all day. Trade 1 -- break of S1: (1) +10 (1) -1 Trade 2 --break of Yest Low and S2: (1) +10 (1) +69 Trade 3: Missed Opportunity on break of S3
Went into today expecting some follow through. Trends are all down on the 60m, 180m, and Daily. Volume is rising on distribution days. Price opened below daily pivot and it didn't take long for the bears to fill the opening gap. First Trade-Break of yest low (1) +10 (1) +96 Second Trade-bounce of of S1 Horrible fill on this trade. About 7 pts of slippage (1) +10 (1) -30 +86 for the day.
Volatile day. Trade 1 -- Break of S1 and yesterday low (1) +10 (1) -15 Trade 2 -- bounce off of S1 and yesterday low (1) +10 (1) -5 +0 for the day