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Not gonna be able to trade the RTH for a while as we are relocating. A lot of things to do during the day time so will be ‘trading’ when I can, on iPad or phone. Price action from 8th got very choppy right before 3880. I looked for a place to enter long on 15m chart, long failed 2nd entry short with nice bull bars, for another test up of that chop area. Original stop was at the pink line, then moved up to below the swing low.
Entered after failed 2nd entry short on 15m chart. Suspected it might come down to stop people out before taking off, just like yesterday. It did indeed.
20210315 Back after driving through the dessert of Australia
Finally moved back to Sydney and be able to look at my charts. Still not gonna be able to trade the RTH so just need to get use to wait for opportunities during the slow moving Asia-pac session. Traded /MES 2 contracts with 1000 tick chart, short after failed second entry long, +7.25pts per contract.
Not the best idea to trade the ETH as my short target in mind was reached in RTH. Entered 3 /MES short contract, took 2 off when it started just chopping. Stubbornly left 1 contract hoping for it to reach my target. Got taken out with market grinding higher. Luckily was out for dinner at the time. Was looking at my phone and thinking 'hmm I might short here again if I am by my computer.' Would have got taken out again. -5.75pts.
Switching to Sierra Chart and there is so much to learn. Took me a while. A whole month of exploring and testing. Trading has been good and need to find a proper way to journal my trades. Will update here from time to time and see how I progress.
Progress so far:
Combined Price action reading with delta analysis.
Might dive into footprint.
In the past month, I discovered the power of sitting on my hands lol. Less trades and more profit. Have identified a few set ups that I perform well with.
For the rest of the month, keep doing what I have been doing, be consistent. Considering joining some online "prop firms".