Just cause I said that at that time does not mean I did not get in a trade later on. Likr many on this thread, I don't post trades. I don't try to be confrontatiinal. I post what I see and anyone is free to sling mud.
ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Just cause I said that at that time does not mean I did not get in a trade later on. Likr many on this thread, I don't post trades. I don't try to be confrontatiinal. I post what I see and anyone is free to sling mud.
Asking 1788 for a new short. Add at 1796.25, with a stop at 1802.
Interesting! NO, absolutely no, there are no good ways to trade in a one-way day without going randomly short as you pictured the situation. What you are missing is the ACTUAL TREND itself, it is right there on the screen screaming at you to get aboard.
You are misinterpreting a classic "run" by having the disease nodoji calls "it has gone up to much or it has gone down to far" without me so it must be a countertrend trade"
Another disease many newer traders suffer from is to over analyze classic chart reading and miss the NOW because they are seeking a different answer because they MISSED the actual picture.
The best way to trade a one-way day is to simply bite the bullet and soldier on by hitting a market order and expect more of the same........that is what the chart is yelling at you for......CONTINUATION, if the retraces are shallow or not showing up that means nothing less than the trend is strong.
Steel yourself to admitting you missed the start and the trend is strong, enlarge yourself to just jump in and relax...........
PS: I was not available yesterday to trade a kick-ass day, no sweat, there will be more one-way days. LEARN how to trade them because they are what we seek more than anything.
During the BIG ONE in the Pacific Pappy Boyington always instilled into his new chicks (pilots) to always have "SITUATION AWARENESS" of the sky around you if you have any desire to survive the war.