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Hi Traders
today i exited Copper Long at losses, was pretty happy with the setup but this is market, always humble me
still holding on Crude, coffee, Sugar all on Long side. added one more on Crude earlier on.
Did an interim review bcz i was suspicious something i didnt do well after my failed to manage my copper trade according to plan. for copper, i was away and got back to my desk later. this is something i could have avoided since i can always do it on my phone. back in my mind i was thinking it was slow moving session so i can check it in a bit.
then Soybean continue to move in my favour ( if my position not stopped out) so i take a closer look and find that i have a little miss-manage also. Rootcause basically not being focus, got to improve.
I have a 3 strike rule, if i hv error, bad trade management, Fomo either of these negativity if occurs more than 3 times, i have to "penalise" myself. the cruelest way is to reduce my trading size ( what i pick up from FT71) but myself couldnt be trimmed any further so the penalty for now is extra homework i.e. hourly screenshot and comment on market of concern. so in a way to put me back to same level of concentration and momentum.
Hi Traders
Today i have Crude on my list, which i have 2 Long positions and i am watching to add one more if H4 turn bullish after first hourrly bar closed in regular session ( basically when my h4 close above box again).
the area would be 49.81 or higher but not higher than 49.90 (which will be too far from my current h1 box)
Hi Traders
Obviously crude i exited, at small loss. still got my coffee Long struggling to break into good trend.
i did hourly screenshot of all markets with little comment as extra homework for not being focus, will continue today.
nothing much overall, i did a Short Gold early today. lets see
Hi Traders
Today i have a GOld Short position, looking to add more.
I also looking at ES for a possible Long position above 2476, but i will need more information to confirm that, current setup, even break above will not trigger my signal to Long. would need to see some consolidation around 2473 - 2475 area before the break, or a good pull back after the break.
Hi Traders
Es is brewing something i looking up for, hopefully more support around 2473/74 area after market open for a long signal. if the opposite happen, still seeing good resistance near 2475/76 area then i will consider Short instead.
Also I Long Soybean @ 963, not a good entry but i was working on my gold position add on so i missed Soybean.
Gold as mentioned, i added one more Short after it closed below my box BEFORE the NFP.
Still Holding on my KC on Long. tighten up my risk a little after more information given from market.
Hi Traders
snapshot on what i hv now, been busy relatively to past few days
still watching out a potential Long on ES and NQ. still waiting, patience is virtue, patience pays, patience give me more market information to evaluate risk taking decision
Hi Traders
Soybean trade was "hunted" at close by 1 tick, still got 2position left, this morning i added one more, so i got 3 in Long now, watching re-open to add one more if still intact the setup. Exited crude also small loser again. but will not hesitate to long again (or short) if setup is there.
Hi Traders
Today i m still looking to Long Crude, Long Copper, Long Soybean. Holding my Gold Short and Coffee Long with expectation it will break further.
wait for a close above h1 box
wait for a close above h1 box after re-open
wait for a close above h1 box