A lot of absorption volume taking place at this point. Even though indicators say sell for short term, I am long due to support/accumulation.
Out for the day, net loss posted. Broke rule #1: Don't break your trading rules Proof attached.... I am happy at least my account is still net positive (+500) because I was down 2k at one point. I was up to 6 contracts of NQ today. Made around $400 early on which helped cushion my loss. Pissed off at the failure of VSA today! Like anything, typical bottoming patterns don't always mean the market will go one way. No indicator is perfect! :eek: Eh... my streak had to end at some point right?
Need to be a little more patient. Last two losing trades would have turned into profitable ones had I waited!
Increased Forex positions last night. Market indicators are split half long half short. Don't know if I'll be trading much today. The -$57 is from last night. I sold into the rally that occurred in the night session and took a small loss after being down around $1,200. I have incorporated more indicators into my plan. There are now 8, so I have to have at least 5 one direction to make a move. 4 are short and 4 are long for this session...
Got out at 1k profit from russell 2k early this am. Went short 1 contract the NQ luckily loss was only 700 today. Have to be careful of that 10k dow mark... Account has not really gone anywhere in a week.
8 indicators turned up on September 1st. I am working on analyzing ETFs to determine market direction on top of the other indicators as more comfort. I have been doing a good job of not making or losing any money.