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I took 6 trades today. I didn't take any trades before 10am. I saw a few nice pivots, but couldn't pull trigger. It took me out right away on my first trade and I reentered again. Got 2 points out of it. Then I missed long entry at 76%. And then I took 3 losses before I got it right on the short. I was pretty upset that I broke my 4 trades rule and all I wanted to get on BE for today. I took 1 point and I'm done. could take 2 or even wait for my target, but I didn't.
Here are my trades and summary:
It seems like today was easy to trade, but I couldn't make it!
Today's video:
After I was done with my 4 trades I had so much energy left so I decided to keep trading. I took a lot of shorts today. 17 trades total. I did miss nice long entry after my two trades. It was 76%, very nice setup, but I thought that we are gonna get little bit lower and I didn't take it. I could me done way earlier.
After a few more trades I started clicking. Then I looked at the bigger charts, got myself together and took another short. I got only 8 points out of 10+ and I had setup to get out, but waited little bit and got stopped.
I'm still down 1.1 point because I had -9.1 points before that trade.
I'm not gonna post picture of my trades today because it just a mess. All my trades are gonna be in my video and I post it when it's ready.
Here is my summary for today:
I could get nice profit for today after that last trade if I didn't have so many trades before that.
For the week I'm only 7 ticks up and after all my fees I would be down little bit. Here is the chart for the week:
In my opinion, these last few weeks have shaken out a great many. Of course making $ consistently every day is good.
To me, it was obviously long today, but the longer terms were saying I need to come down some. So, which will happen first? Nobody knows... Well, now we know! Up first, then down.
I was insistent on shorts Friday also. Meanwhile the 4181 was saying, "look at me! I'm going up." Or was it laughing?
My favorite short op of the day was this head n' shoulders at 9:56 AM. I went for it...late...then wasn't savvy enough to see I was at target and pull out the 1 point.
2. Bull Flag, want to go up a little and once I hit the bottom-side of the top band then I will fall.
With the strong move up, this is where you have to be cautious because on the long term there was really no resistance in the next many points and no big areas so it could easily run up with little in the way.
I think something for me that is good is focusing more on the long term charts and seeing where I think it will go if x or y occurs.
The challenge is that when I get into the 'dancing' then I forget and trade off the 144!
also, you have now changed 2 things on your charts this week. To me, changes just further the timeline before you master it. Just my opinion and I am probably wrong.