If You Can Draw A Straight Line . . .

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I should've BE by 1040 but then I'm holding it watching the price consolidating in front of my entry point and then I'm finally out at 1049.

Basically it's the "hope" that causing me to hold for the extra time. Have to just exit when HL formed. Would need more mental practice.
 
As far as today's trading is concerned, there was only one trade, the short off the failure at 0945. After that, nothing. If one traded anyway, he needs to re-examine his trading scheme.
 
Quote from dbphoenix:

As far as today's trading is concerned, there was only one trade, the short off the failure at 0945. After that, nothing. If one traded anyway, he needs to re-examine his trading scheme.
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Alright, noted.
Only one trade ..hmm.. okay.
And just now just got another long entry at 1053 is it?
I didn't manage to get this one anyway.
 
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Why?
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Higher low and another one is a RET?
Or is there any wrongful concept I'm having?

P/S : Due to TZ difference the time is just 12 hours later of EST so it's basically the same 1053.
 

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Quote from wegotnthtodo:

Higher low and another one is a RET?
Or is there any wrongful concept I'm having?

P/S : The time is just 12 hours later of EST so it's basically the same 1053.
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Well, first, price traced more than 50% of the downdraft from 74 to 63, so no short. It then made a lower low to 60, so no long. There's also no support level there. If you go long there anyway, you're being thrust right back into the range. And you're trading counter-trend.
 
Quote from dbphoenix:

Well, first, price traced more than 50% of the downdraft from 74 to 63, so no short. It then made a lower low to 60, so no long. There's also no support level there. If you go long there anyway, you're being thrust right back into the range. And you're trading counter-trend.
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Thanks for the comment, DB.

Picture attached is what I saw during the session.
Maybe I'm just looking for too tiny move.
 

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Quote from wegotnthtodo:

Thanks for the comment, DB.

Picture attached is what I saw during the session.
Maybe I'm just looking for too tiny move.
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If you're going to trade this as a hinge, though, your entry is at 2240.

As for tiny moves, that's fine, as long as you're doing it on purpose and you're prepared to be yanked around. Otherwise, wait for better entries and hold them longer.
 
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