No trades today. I like the area near the circle but price didn't go high enough or give me a setup on my trading TF to feel comfortable with. Oh well.
That's funny you just posted here. I was reading your posts earlier today. Small world. Thanks for posting. Your post in chart of deception was really good.
"Trade other traders" If it weren't for the hundreds of losing trades under my belt, I'd never have those insights. There are two sides to the market, as they say, and one has roughly 19 times the population of the other..... One quick way across is to start wondering "what if".... I was on the other side of my trades..... How would it feel? :eek:
I always ask myself that. The next thing I always say is " how deep are the pockets on the other side of this. What is the breaking point." Some days that point is easy to see and others its not. Wrr
I took a trade at 10:53 today. Bias was short. The first 30m tail was covered after a large gap down. The gap couldnt fill. I waited for price to close under the red channel. Price was under the larger time frame target line. Price bar after the tail showed price wanted to go down further. The bar after the big tail was able to fight most of the tails body and close in a down direction. I let price get back inside that wedge from several days ago and shorted to the target of it's low. The trading TF broke down on a wedge and I entered short. Target is the LOD. I am going to wait until we get to the LOD but not take the position off until I see how price responds to it. Waiting was good as I identified a target on my TTF and holding at the LOD worked. I didn't see any hard action against me there. +.60 cents - exited at the bottom of the TTF channel. Longs are probably hurting today.
WRR Short biased. I have a feeling there will be a good entry at the open today but I don't trade the first 30min so oh well.
none of my biz because i'm always looking for a short setup, but being biased before any data to base it on, is that wise