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This trade worked out then, deja vu though re the prob with having only 1 lot on.
Swing Trades
Trade 1 (2 lot) Long 93 Sold 98s +10
Scalps (all 1 lots)
Trade 1 1.5pts ETH long from prev vwap (inc loser 0.5pt)
Trade 2 1pt short into SD1
Trade 3 reload for the swing - scratched when it worked out kind of
Trade 4 reload for the swing long from SD-1/S1 +3pts
~So only 0.5 losing trade
~All good entries (max drawdown was <1pt on swing trade) and all the rest were 0.25pts DD
~Read the mkt well bar the scratch - but may have scratched anyway as didnt reach target.
~ Patience also good
~One main negative - cld have taken half off of swing trade when 1st spike to 96s & readded on the dip.....wld have improved basis nicely.
Should I scalp with 2 lots? Lets prove consistency first.
I am done for the day. Have a good holiday US friends.
Position sizing issue is bothering me. More conviction at entry to put full size on perhaps? Then i can play about with the scalps improving basis instead of being flat when doing it. I like having a position on.
Its probably obvious that i am not comfortable yet sticking full size on at one level so til i am will stick with 2 lot size at key level.
Maybe when the levels are more clearly defined this will be easier. Today i noted decent level @ 90s and @87s then big demand area below. I guess when its a bull market retrace this happens all the time.....plenty of support levels on the retrace....which do you take? HTFs are possibly averaging all the way down....check for HTF activity? RVOL etc.