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There was no heat at all. I could not find anything against the trade in either chart. But what surprised me the most was that right after the 21 tick fill, the price went up
When price was going up, my train of thought was that I wonder if 1508 cloud would reject the up move and that if price would come below 1508 13 MA. Once it did, my thoughts were would this significat divergence on 377 chart give us 21 ticks or not. In other words nothing happened haphazzaardly. It must have been a slower PA.
In my charts, the entry candle closed at 1.4242, so the 21 tick profit was filled after the 14 tick retracement on the bounce at 1.4223, when trade was 19 ticks in profit. Seems like when using tick charts, a couple of ticks can really make a big difference. But aside from that, it was a "textbook" entry.
Seems I'm starting to understand and implement it better. Woohoo!
I did only a few ticks on the first entry as price as noted has closed within the cloud and above the triggerlines but immediately after i got another entry. Obviously, i could have hold but my trailing stop was at 1.4235 and my entry at 1.4242. Next entry was at 1.4227, exit at 1.4205.
I have question about the stop on the 9:50 trade. After the low of that up bar at 9:53 is taken out isn't the stop moved a tick or two above that up bar? My chart has a high of 34 on that up bar and so the stop would be at 35 or 36 which would have been taken out with about a 3 or 4 tick profit before the market dropped.
Are most of you guys full time traders? What do you guys do throughout the day between trades using this method when there are so few trades, sometimes none for days? How do you keep your focus on the market throughout the day, in order not to miss that one or two trades for the day?