1st day I was able to do 2 winning trades in a row. Usually in the past I would do a bad trade and then revenge trade another bad trade. Also, 1st was a long, and 2nd was a short.
I think my only mistake today was not setting price alerts so that when I am not watching the chart, I can be alerted to what is happening.
1st trade was a reversal of a failed breakout to the downside with some confirmation of indicator. However, I got in on market order late, so only took scalp.
2nd trade I was waiting for confirmation of indicator which did not come, however price action was very strong, so took the trade, again a scalp since I did not have confirmation of indicator, I got in a little late, and also I already had a good trade, so I wanted to try to not lose money. On the 2nd trade once it was close to hitting my target, this was the reason I also moved stop to BE+1 to lock in profit. Target was hit. On 1st trade could have gotten another tick of profit if I adjusted my target using limit instead of using another market order to get out.
Some good trades last 2 days, hopefully, this indicates improvement of trading skills.
Looking at market now, indicator has stopped being reliable for afternoon signals, but did show some good morning signals. This is also why I use price action.
I think my only mistake today was not setting price alerts so that when I am not watching the chart, I can be alerted to what is happening.
1st trade was a reversal of a failed breakout to the downside with some confirmation of indicator. However, I got in on market order late, so only took scalp.
2nd trade I was waiting for confirmation of indicator which did not come, however price action was very strong, so took the trade, again a scalp since I did not have confirmation of indicator, I got in a little late, and also I already had a good trade, so I wanted to try to not lose money. On the 2nd trade once it was close to hitting my target, this was the reason I also moved stop to BE+1 to lock in profit. Target was hit. On 1st trade could have gotten another tick of profit if I adjusted my target using limit instead of using another market order to get out.
Some good trades last 2 days, hopefully, this indicates improvement of trading skills.
Looking at market now, indicator has stopped being reliable for afternoon signals, but did show some good morning signals. This is also why I use price action.
