trading the momentum cycle

Discussion in 'Journals' started by padutrader, Jul 5, 2018.

  1. padutrader

    padutrader

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    #221     Jul 23, 2018
  2. padutrader

    padutrader

    m2.png
     
    #222     Jul 23, 2018
  3. padutrader

    padutrader

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    #223     Jul 23, 2018
  4. padutrader

    padutrader

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    #224     Jul 23, 2018
  5. padutrader

    padutrader

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    #225     Jul 23, 2018
  6. _eug_

    _eug_

    So your original short was money but your bar by bar analysis spooked you out of the trade and got you chopped up...nice, at least the broker is happy.
     
    #226     Jul 23, 2018
  7. padutrader

    padutrader

    you are right....but i learn't a lot in this and at this stage i am happy about that.
    the lesson learn't is that do not trade any one strategy in isolation-i did not recognise that all the trades i made were in a range
     
    #227     Jul 23, 2018
  8. padutrader

    padutrader

    appreciate you taking the time and effort to comment
     
    #228     Jul 23, 2018
  9. padutrader

    padutrader

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    #229     Jul 23, 2018
  10. padutrader

    padutrader

    LESSONS FROM TODAYS TRADING
    markets
    do not make big moves without preparation; this is very important to understand....spike and fast moves do not happen often and if you miss one of them it is alright: better to catch a lot of small fish than expect the big one,which rarely comes
    also if you risk 2-3 pips expect 5-8 pips not 15-50 pips.
    have to work for your profit

    Be aware of support and resistances and range conditions

    use tight stops. is better than big stops if triggered re evaluate the market
     
    Last edited: Jul 23, 2018
    #230     Jul 23, 2018