trading bar by bar......an experiment

Discussion in 'Journals' started by padutrader, Mar 18, 2019.

  1. padutrader

    padutrader

    took a holiday from trading for about six months...

    when i was playing golf, i found it was very helpful, sometimes just to quit, when i was too confused and things were not going well as i would have liked, for a longish time....to clear the mind.

    there is a similarity between playing golf and trading in the sense that both need a healthy dose of judgement: although in trading it is possible to have a system based method something which never did appeal to me.

    The problem with discretionary style in trading is it is not so easy to sometimes explain why the trade was entered.

    That said the aim is to use 5 min charts and try to mange the trade .....by getting out at the first sign of trouble.....so it may be a scalp or something more
     
    birdman, glazier, Turveyd and 2 others like this.
  2. padutrader

    padutrader

    entered after the high of the bar marked by yellow arrow was broken:two failed attempts to go down...after a strong up move however we may be in trading range
    elite.png
     
  3. It`s all good,but try 10Min charts instead.
     
  4. padutrader

    padutrader

    trade stopped out
     
  5. padutrader

    padutrader

    thanks.....but will it make that much difference?
     
    SimpleMeLike likes this.
  6. will result in less fake reversals.
     
  7. padutrader

    padutrader

    true
    but i am looking for two leg movements....a strong bar will result in another strong bar after a retracement
    i will try and post a few trades which will explain this way of thinking
     
  8. volpri

    volpri

    Why didn’t you exit at the top of the range?
     
  9. padutrader

    padutrader

    appreciate your comment it encourages for me to keep posting

    yes i was thinking the same thing.....next time i will !
     
  10. maxinger

    maxinger

    Trading is not just about simply focusing on
    chart patterns and
    candlesticks and
    indicators and
    price action and
    support resistance stuff and
    continuation and reversal pattern and
    bar by bar analysis and
    those things.

    besides the price movement on 7 Mar 19, Eurusd has great difficulty moving for the past few weeks.
     
    #10     Mar 18, 2019