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One of those days when it goes up,up,up.....
It would be much easier if I respected 4181 little bit more. I had 7 trades today and 5 of them forcing 4181. At my third trade I had my mind to go long but then I changed it to short. I have to remember that if short time MACDs show me short but bigger once show long it's gonna be a bull flag. But I always find a reason to go against it.
Looking back on my trades. There was no need and no setup for trades #5 and #6.
Would I go long just one more time it would be a nice day for me. I just couldn't relax and keep my mind open. I didn't have fibs to work with on the smaller charts.
We'll see how tomorrow gonna work for me.
Enjoy the video:
haha... I think we ended up doing the same thing. I disagree that the 4181 looked long at first, but then it did look good. My wife can spot days like this, but I can't for some reason YET!!!
I thought about taking a long as well for a quarter of a second!
It was really hard for me to understand where market is headed. Maybe I should keep it more simple and do not pay attention to small moves and just look at the bigger setups.
I had 5 trades and made 1.3 points. The last trade could give me a bigger profit. I just didn't want to give anything back and got out too early.
It seems really hard to trade last couple days but days like this make us think batter and learn more. Looking forward to tomorrow trading and I think I could better today.
I think this is the right way to measure that triangle
Today I had a couple orders on the market but didn't get fill.
So I had only one trade and I've 3.5 points from it. It took me out because of the news time and I didn't have anytime to move my target to 38%. I'm pretty happy with 3.5 and I would get scared looking at that pull back during the news anyways.
I've made my video as short as I could so it's easier to watch.
Enjoy:
On my second trade I had to go long instead of short. I was just looking at bigger time frames and ignored small ones. I think that the best would be just skip that trade and wait for a deep retracement.
On my last trade I got out little bit early. I have to learn how to wait till it hits my profit target. 610 was showing me more down but I got scared again that it's gonna make a big pull back and didn't want to give anything back.
All I saw was just some separation at 233 and 144 that made me get out of the trade. I look at it like a poor trade management but I'm still learning and I think the most important is stay green for now.
Very good trading and the obvious direction was short today and you stuck with it! I didn't expect that LONG when you got knocked out. From looking at it I don't fault any of those trades!
I didn't see the first short around 9:32 (I could be done after that run) and tried to get long instead. Then I got short at 62% extension which was pretty stupid to get in for 1.5 points potential.
The last trade I got out couple points earlier again. I just didn't want to risk a lot because 144 was really weak to the up side.
A lot of channeling, long bars and jumping around. I had 6 trades and only 9 ticks of profit. I stayed in my last trade for 37 minutes and I had chance to take 3.5 points but I waited till it took me out with 2.7.
Hard day for me again. I didn't see some entries and I took some wrong trades, but it was hard for me to understand today's movements. I didn't see really clear entries today.
I recorded about 27-28 minutes live video but my mic didn't work for some reason so I've made a quick recap.
Enjoy the video: