so it's not enough to make money, one just has to do it in a certain fashion shame on you , instinct !
Closing up early.. wish I could have waited for the 40's but work calls.. 2149 should be "interesting" if it gets there.. +14.18 points..
Nice trading, R. i'm a little slow getting my entries in. 7 trades zero pts. taking a couple hours break
Nice Rashid, I forget, do you look at a 5 min chart or 1000 vol for entries? I switched to a 5 min a couple months ago but have been looking at 2000 and 2500 vol lately. Can't decide what I like better. I think I've actually gotten use to the 5 min. Also, anybody know how to use the print screen button to save screenshots? Just got a new laptop and can't seem to make it work on this one.
Do you have a frame-work driving your trades? i.e... is there something above that can validate a consistent direction to trade in? Whenever I don't or allow price wiggle to make me forget, losses show up.. See attached chart... Daily candle from Yesterday: LONG - bullish candle AFTER 4 down 240 min: LONG - MA reverse Therefore look to buy 15 min support... and potential long day. Sooo I was fishing the 2100 area long.. too bad for my relatively small stops.. OR I could have waited for the 15m reversal bar and gotten long higher BUT low confidence in the preceding analysis haunts me.. Plus I should have been trying long all the time.. unless sub 2100 held. If this failed I would have tried short to 2080 area AND definitely try long there on a good reverse.
Using 8 range or 5 mins for entry but I am a basket case when it comes to micro entries.. Hit Printscreen... Open Paint, paste from clip-board, crop as needed... OR Download Screenshot Captor for free.. I use this and Snagit..