No chance today to try out my new calm state of mind. Stopped out of 2 short trades -4.50 That's all for today
Looking like an interesting day. +7.50 on 1 trade so far but have work to do so not sure if i'll get any more trades in Haven't seen a nice M top in awhile so good to see one today. Not the best entry. I'll take it though. Exit was after it looked like support was holding. Stayed pretty calm and aware of my breathing, body postion etc on this one. If only the market was so generous everyday.
No trades last two days. Yesterday was choppy and today i was working and missed the one drop that fits my set ups i look for. At this stage of the game i wonder if i would have taken it. Made some notes on the chart (not posted) and added to my collection for later review.
2 trades. 1st -2.25 on a long , 2nd + 5.75 on short. +3.50 for the day. In the past i think i would have been frustrated i didn't make more on a day like today. Although to be fair my trading was slightly limited due to arriving late due to getting over a cold and then had work to do. Anyway, i'm just pleased i was able to finish green. Here's the big issue for today. I did see one of my favorite short set ups. Thought about taking it then thought "this is so obvious it can't work this time." Naturally it would have been an excellent entry had i taken it. I'm not used to seeing set ups develop so easily and be so text book. Usually there more ambiguity. I guess i'm wondering if anybody else ever sees set ups so clearly ? I guess this is the ultimate goal, right ? See it unemotionally and with time to act. It's always interesting...
Absolutely no discipline today. Trying to shake this cold so slept in and missed some of the down move. (first 2 hours of trading) After that just started chasing at the wrong time. I've been waiting for a market correction and kind of kept thinking i can't miss this move. On one hand i think the R:R was there, on the other i think i should have exercised more patience. 3 trades - 5.75 Tomorrow i'll exercise more focus and patience.
Just look at the charts and see whn you entered trade ...Were you the right side of the EMA ? Was ur trade in the direction of the trade. Did you get out when you were suppose to.
Thanks JP i hear what you're saying. I did manage to do all that. First trade the move was pretty extended from the prior consolidation area. I should have passed or at least entered sooner. full stop + .25 slippage, -2.50 2 trade- i like. I'd do it again. -1.75 3rd trade - again should have entered sooner. -1.5 After 3 rd trade i had clients to see and was done which was probably a good thing.
I am glad that you are using MA, However I want to warn you that, since our brain reacts to visual signals and its easy to start gazing at the MA rather than the price !! Its like ur eyes start to lock on them. What helps - Zoom out - back and forth after few minutes. It is important to keep telling yourself this !! Until you KNOW it. GL.
Just noticed something - Pointing it out. May be it helps. Look at your chart. Imagine your ARROWS on the chart were actually drawn on a transparent Sheet (tracing sheet). Now move THAT SHEET little to the LEFT. (I hope it does not sounds crazy). Only a few candles !!! Do you see it. ????