POC at 92.75 is soaking up longs. Might close and sell short here. I'll wait for a lower low before to close at break even. Problem is if we go down here we go down big ... As we've retraced only 1/3: 2.75 pts lmao Edit: Half an hour later still at POC Edit: We actually broke lower towards 88.25 I messed up with my fibs so it's Ok. Adjusted orders again. C'mon BB By symmetry around POC I expect 97 Getting filled closing and going short. Target is 85 Edit So facking bullish if I can hit the POC we're all good If market wants I am a buyer. Otherwise I'll take a nap
Mr market doesn't want to fill my order. 1 tick away 10min ago ... That's the problem with POC. Better place your order + or -1 tick away from it.
Yes it's an easy market. Mostly sideways. What's tough is being on the wrong side of a trend day with no retracment. Finally got filled. My stats for today. Won't take the longs cause I am tired. Bye
Thank you ^^ I am going to give it a try ! Target is 9K but the hard part is Risk ! Don't blow up. Don't blow up. Don't blow up. Also Sim is different than real money. It's already harder xD
Hello Sekiyos, I am considering using limit (wait for retrace after signal entry is true) orders to enter trades instead of market orders at close of bar (as soon as signal entry is true). I considering using limit orders to reduce risk per trade and test for atleast R:R=1. Question: Once you miss a trade or let say no fill (market takes off without you), how do you feel about that and how do you handle your emotions?
SimpleMeLike, It's always better to get on board at a better price, But the market does not always retrace ... Guess it's the price to pay : / Now I use areas as you can see on my DOM, I spread the orders through it. Before I used to want that one tick. But it's tough to get at the top or at the bottom. So I let the market do its thing. A good trade missed is always painful and that's the one you remember about. A bad trade missed is a gift from god that gave you a second chance. Overall it might just cancel out. What's the PnL of your missed trades ? IMHO if I miss a trade it's because the market has changed. You expected it to do that but instead it does this. When in doubt you better be out. Even if it's going your way. When sh*t happens I try to understand why. And do my best to find my next trade. I always buy on retracements, When the market is going against me, Because I believe there is greater reward for less risk. And If I am on the wrong side. If I ain't greedy then often I can break even. That's it ... I might go 1Risk:1Reward but Daily. Risk 1% daily to achieve 1% reward. Wish you the best.
Took one trade overnight. Took one trade at the open. Expected 3335 but after the new low I had to lower my target. Today's report
Your last trade where you bought at 3325 is an amazing entry, and you pretty much caught the low. Can I ask what made you enter the long here? From what I can see, I have no levels of importance and since you bought on the first time it came down here, its not like it was a re-test of the low or anything like that. So you must have been anticipating a turn at this level is what I'm thinking.