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Today was a rangy day. Kept hitting the high of friday and bouncing back down. Had one decent pullback trade but I decided against it since it was right after a bounce off the high. Was a loser anyways.
Slow day in the markets. I started backtesting using CV bars. Looks promising so far. Am using 15,000 volume. So it will mean less trades but more profit per trade and hopefully a slightly better winning percent. Here's the trade I would've taken for today.
The first circle to me showed that the market was way over extended and that the subsequent pullback would fail. So I passed on the pullback but since I felt it would fail I started looking for the anti trade. I ended up getting short @53.09 at 10:01:30 and got out 53.00. If i had held on there was a lot more profit to be made but this was my first Anti trade and i'm not that familiar with them yet.
Decent day. Made a few bucks on the first pullback. The second pullback I lost and went negative. However I immediately reversed when it went against me and made a few bucks back. Missed the last pullback.
