Minneapolis Minnesota/US
Posts: 23 since Nov 2015
Thanks Given: 1
Thanks Received: 14
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3/9/16
Didn't take any trades today. I was still too skerred. Watched the market and tried to just get right mentally and see if I could get back to basics. I did see two potential areas to go long, but wasn't ready to do it. First was off that quick 8 handle dump. Price stopped falling above yesterdays low (higher low) and though it went below the overnight low, it promptly came back above. Thise two things combined with the divergence would have been exactly what I should be buying. This was way too hot for me to touch today, and I honestly don't think I would have been comfortable taking it anyway, but system says I should have taken it . I would have entered on the candle above the first green arrow with a stop below LOD (previous cadle).
Second trade is one I almost took because it was a calm time of day. Price was gently winding and hit and bounced off the same price it had shortly before. There wasn't any bearish divergence (that would have stopped me) so it provided an attractive place to put a stop - just below the the second orange line on the chart. Had I been trading I think I would have taken that one long at the second green arrow.
One thing you might notice is that I have two buy arrows there and no sell arrows. That is because I still have no idea when to sell. What I've been doing is moving the stop up to the bottom of the previous candle. Would have been a decent trade on the first one and more or less a scratch on the second.
[IMG] [IMG]http://i235.photobucket.com/albums/ee284/King6083/ESToday_zpsdf30uwrg.png[/IMG][/IMG]
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