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I'm really enjoying you're journal and especially the cleanness of your charts. As a new trader it is easy to follow and has helped me to understand price action a little bit more, thank you.
Its been about 30 to 45 minutes and price cannot break thru the .04 level. Normally, I would close the position by now but since I am risking so little I am going to let it play out. I will check back in about 1 hour to see what happens - lol
Note: I also moved the stop back 2 ticks below the swing at .95 until the .05 level is broken
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
wow - I have been watching all the nice setups on 6E, 6J and 6B wishing I would have chosen 1 of those markets near the open. Anyhow, stop moved to break even. Price will either break thru .04 on this attempt or go lower. We just had another 2L with a continuation setup. So we will see!
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
Final update. Price finally broke thru 53.04 and just stopped at .09 with a weak bull candle close. Elected to close both trades for small gains but it is a positive start to a new day and I am going to go and get some dinner.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
Price action went 1 tick above the current trading high (which is also the current HOD and then triggered a 2S. So I am short with only 1K. If price action fills my target and reaches my criteria I may have the opportunity for a second short trade with 4Ks for +12 ticks. If price action takes out my stop, I have an extra stop limit order in to take advantage of the anticipated up move and will look for 20 to 30 ticks.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
Aggressive entry anticipating HL. Stop 8 ticks - Target 10 ticks with 2 contracts in my live account. I wasn't able to get to my TST account in time. Trade so far has gone 9 ticks and I am not moving my stop and price has come back to +1. We will see what happens.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
Price went back up to +8 with weak bullish close. Stop moved to +1 because I expected that 2nd bullish bar to break thru and give a new high. Trade still going on at this point but most likely get stopped out.
Don't be controlled by GREED, Led by FEAR, or Puffed up with PRIDE!
