Journal XburbX - My Plan

Bd

I don't see a wedge on the chart that you are speaking of but then again I don't have the same view of the market as you. That's ok though. Again I would really reread rn's last post and every one before that. It was a game changer for me .

 

Check it again on a 30 minute

I get the purpose here, but I'm dealing with a completely different issue and it's apparent I'm in the wrong place.

Be well gents.

 

I'm unclear with what the issue is then?

 

How to build a plan and stick to it at the same time allowing the flexibility to get out of the market. All the other mistakes I make are naturally a result of not having an encompassing plan.

Hard stops easy
Setups easy
Taking profits fuk - when you are trading for 2-5 points any exit signal takes a big chunk from profits

 

There is no right or wrong answer to that but I use simple price action and have guidelines based around it that I am comfortable with. From your last few posts it doesn't seem like hard stops are easy for you. I mean this in the nicest way. You are spinning yourself in circles and don't know it. I have done this. Read ALL of rn's posts.

 

Price gapped up

There’s a S&R area under where price currently is (blue lines)

Price pulled back to just above 50% – both in the lower channel.., and from the H, to the low – of the S&R area (yellow line)

Price is in an up channel

Price is in a wedge (pink line)

What else?

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It is obvious I was wrong and owe XB and you an apology for inviting you here

My bad


Trade well - at least until the next loser takes it all, or most – back – then simply start over

RN

 

This is just the kick in the ass I needed to leave this site. Truth is this site gives me anxiety. All the negativity is brutal. Clash of geeks without a clue and dichead traders who think they're holier than thou.

I was wrong about you RN. Thought you were better than keeping a man down. Ya dude I am profitable

 

It's all good


RN

 

Ok....... So back on the journal track then. I have my stocks and charts marked up and planned for tomorrow. Let's see what price has to offer this week. Trade well Rn. Put some new money in the account , hopefully not mine . If it is, no hard feelings.

 

You do the same XB

I also have a plan - one for up.., and one for down


But if by chance you do end up with my money - then the beers on you


Trade well tomorrow - win..., lose.... or draw

RN