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I finally got a chance to trade this morning. It was an aggressive trade on CL looking for +10. However, when price went further down than I expected, I got nervous and exited the trade for +1 only to watch it go +11 which would have filled my target. I am going to eat a quick lunch myself and see if I can't maybe get 1 more trade today. The initial stop by the way was 8 ticks so basically a 1:1 trade.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
I missed the 1S at the open which would have been good for +10 and I entered long after the 2L triggered so my stop is 5 ticks and my target is +10 with 2 contracts. We will see! I am taking a look at the Uni-Renko bars for price action again.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
I entered into a 2nd 2L in congestion with 4 contracts on the YM expecting price to reach a HH. My initial stop was -10 ticks. When price went +9 and literally halted in its tracks, I moved my stop to break even and my target from +12 to +10 ticks. If price reaches +10 and doesn't fill me I plan on moving my stop to +1 and being in a totally risk free trade. We will see!
I plan on posting a few more trades on this thread until I receive info from TST on the $150K Combine. Then I will close this thread and open a new one for anyone interested in following my journey thru the Combine. The trade just closed at +10 with 4Ks.
Also, I wanted to say a big thank you to everyone who visited and supported my journal over the past month, I really appreciate it, as well as your contributions, and hope my journal was of some benefit to each of you. Again, thank you!!!
Final update on the price action from this trade. Price has reached a new high and is still climbing.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
Congratulations man i hope to hear more from you. Let us know about your progresses in the combine.
Good Luck and better said good trades, stay focused and disciplined.