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Took a loss today. Still on SIM but it feels the same.
I put a new indicator in the mix and it was just way too busy and very distracting. On top of that my parents have a trip planned to China and leave Tuesday evening and fly to Shanghai. They are going right into the heart of this coronavirus.
I can definitely say my head was just not in it today.
7.75 point loss
I listened to none of my other indicators and well this is the end results.
Update: I had a feeling the market was going to where I wanted, but I closed my trade and sure enough it came back down and I could have taken a smaller loss. However it could have kept going to make my loss bigger. I stand by my words above.
Took a trade this morning and removed that other Fibonacci indicator as it was draw wayyy too many lines all over my chart.
Today I took a reflection trade off the 50 for 3.25 points. I could have held for longer however the long wicks were making me uncomfortable, so I took brought my exit down. The market continued to go up.
* There was significant resistance at the 50 looking back
* RSI was just below 30
* lots of structure previously near 3252
* volumes were in favor
* 50 is a strong line
I was tracking a harmonic prior to the 930 bell and decided I would go downstairs to make my breakfast shake and coffee.
* By the time I came back up a AB=CD formed and it reversed and took off
* My other indicators were not really aligned with the reversal that happened, so not entirely certain I would have taken it anyways.