Yes, rebuilding trust, probability mindset and confidence. Reinforcing the importance of patience. Slow and steady is ok and preferred. Don't need to catch every move. Thanks jas
Maybe I don't understand how you draw trendlines, do you go from like Pivot high to another pivot high? It seems like some trend lines drawn start at a pivot but are drawn to just highs that have no significant bearing?
Same ole.., same ole J Let's do our job today Early on as possible - identify the environment - on your TTF (chop / range/ trend) and trade within it - and keep on it like stink on shit Nothing fancy (made up)..., no BS - iow stick to each plan See Ya this afternoon RN
I may have taken some TL's off the chart through out day so the posted charts sometimes don't reflect exactly what I may have been doing. Usually I think the charts are pretty representative. But, yes I do connect the swing highs and then as a new low is made will adjust TL to new lower swing high. Attached is a chart how the TL's would have got redrawn as price moved. Good ? Thanks ...waiting for CL inventory report
Those are much better, when I see traders drawing them anywhere, to me, become bad habits of price and randomness. Trend Lines work because of others joining in to force market to go other direction, like fibs but regardless they work like Moving averages. Hope you jumped all over that inventory report, it was like a gift coming down and all nice little retracements to sell off, very fun when market doing exactly like you want.
Thanks. I wait til volatility dies down after the report. Too fast for me right now. I do watch a 200 Volume chart around those times and maybe someday i'll try trading that around reports. My long around 8:30 pst missed target by 1 tick then fully retraced . oh well
Well, my initial stop is 12 ticks with 25 tick target. Got MFE 24 then sat through what looked like a normal PB. I did stay with it too long. Biased or hopeful. Still happens. I should have reversed short. Some days I do it others not. That answer your question or was the point just grab the 20-24 ticks ? thanks
No major screw ups, although see my prior post. Mentally felt good. Patient. Results were not ideal but I consider it step forward. That is I should have seen the reversal trade and at least exited the long. Did mismanage one trade w/ too tight stop. Held some trades through normal pullbacks. Mixed day again but probably more positives than negatives. I can build on this kind of day. Had been + 30 but last few trades didn't work finished +13 ticks.
Wonder if a reduced profit target might be necessary for the current environment - say a 20 tick target possibly Look at the higher TF and see if the overall reflects this Just a thought RN